ABHFL Micro Construction Finance recognises that in the dynamic world of real estate development, time is critical. Our solutions are designed to accelerate residential project construction, ensuring cost-effective and timely completion. With seamless funding and flexible repayment options, we empower you to build thriving communities efficiently and effortlessly.
*Download to get complete details of Micro Construction Finance
Hassle-free financing with fast approvals to keep your project on track.
Choose a repayment tenure upto 7 years or 5 years with 1 year of principal moratorium
Get funding up to ₹5 Crore to support your construction needs.
Repay the loan conveniently from project sales receivables, ensuring better cash flow.
Finance both land purchase and project construction with tailored loan solutions.
Streamlined process with simple paperwork requirements.
No hidden charges, ensuring complete clarity in loan processing.
Expert guidance to assist you through the loan process.
Ensuring you meet the eligibility criteria helps in a smoother application process.
General Criteria:
Completion History: Minimum 1.5 lakh sq. ft. of real estate development completed.
Experience:
Project Experience: Successfully completed and delivered at least 10 projects.
Delivery Track Record:
Timely Delivery: Proven track record of on-time project completion.
Note: Meeting these criteria does not guarantee loan approval. Final eligibility is determined based on various factors, including financial assessment and project evaluation.
Securing Micro Construction Finance (CF) with ABHFL is a simple and efficient process:
Ensure you meet the minimum project completion and financial track record criteria. Use our loan eligibility calculator to assess your qualification.
Gather necessary documents, including: Project completion records (minimum 1.5 lakh sq. ft.). Financial statements& sales receivable details. KYC documents (ID proof, address proof, business registration proof). Project approvals & land ownership documents.
Complete the online loan application form with accurate business and project details.
Our team will review submitted documents and conduct project evaluation to assess feasibility. Additional information may be requested if necessary.
Once verified, receive a sanction letter with details on the loan amount, tenure, and repayment terms. Review and accept the offer to proceed further.
After final approvals, the funds are disbursed in phases based on construction milestones.
Estimated Processing Time: Processing depends on project evaluation, financial documents, and overall assessment.
0.25% onwards of the loan amount + applicable GST (may vary as per customer risk profile).
12% p.a. above current applicable interest rate (aggregate not exceeding 24% p.a. + GST).
₹3,000 per month (for delay in submission of Title document, Security perfection documents, Mortgage Deed, Charge creation with MCA, or non-adherence to loan agreement terms).
₹750 per instance.
₹1,000 per month in case of secured loans (for invalid, inactive, or closed/frozen bank accounts).
₹750 per instance per loan account.
As applicable based on actual delayed status or as communicated by the lender from time to time.
When facility amount is equal to ₹5 Lakhs or lesser – ₹0.50 per property | When facility amount is greater than ₹5 Lakhs – ₹100 per property.
₹1,000 per instance.
₹750 per instance.
₹200 per instance.
₹750 per instance.
₹50 per instance for Consumer | ₹500 per instance for Commercial CIBIL.
0.5% of principal outstanding + applicable GST (Change in EMI/tenor as per eligibility norms).
0.25% + GST on principal outstanding (capped at ₹7,500 per instance).
₹500 per instance.
2% of principal outstanding + applicable GST.
As per actual, where applicable.
Wherever applicable, GST @ prescribed rates will be levied on these charges.
Having the right documents ready ensures a seamless approval process.
Identity Proof – Aadhaar Card, PAN Card, Passport, Voter ID
Address Proof – Utility bills (not older than 3 months), Passport, Aadhaar, Rent Agreement
Passport – size photographs
Easily calculate EMIs and check eligibility with our user-friendly tools.
*Note- The calculated interest is an estimate, the final amount will be determined upon approval.
From home financing to business funding, we offer a variety of loan options with flexible terms and a seamless process. Find the right financial solution for you.
Discover surprising benefits and features that make your home loan journey easier and smarter.
Find answers to all your home loan queries in our FAQ section. Learn about eligibility, loan tenures, interest rates, required documents, application process, and more. Simplify your journey to owning your dream home with clear guidance.
Micro Construction Finance is a financial product designed to provide quick and flexible loans for construction projects. It helps developers and builders finance land purchase, construction, and project completion efficiently.
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