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AadhyaFinancialConsultancy > Industrial Property Purchase

Loan for Industrial Property Purchase in Mumbai

Industrial Property Purchase in Mumbai

Do you dream of buying your own industrial real estate in the bustling city of “आमची Mumbai”? If you are tired of paying high rent and dealing with the complexities of rented spaces, Aadhya Finance Consultancy (AFC) can help you make your dream a reality.  

We understand that owning a manufacturing facility can be a big financial challenge for Small and Medium Sized Enterprises (SMEs). That’s why we offer a special Loan Advisory Service to help you purchase industrial property without having to go through the complicated process of traditional bank loans.  

Whether you need a warehouse space, manufacturing facility, or industrial land acquisition, AFC can help you get the financial support you need with flexible repayment options and competitive interest rates – all customized to suit your business needs.  

Take the next step towards your industrial aspirations with AFC’s expert guidance and support.  

Check Your Industrial Property Purchase Loan Eligibility and EMI Calculator

Features & Benefits of Industrial Property Purchase Loan

  • Fitment Expert Guidance 

Benefit from expert advice to maximise your industrial property purchase loan eligibility. 

  • Competitive interest rates

Get the best interest rates on loans for industrial property purchases for your financing requirements. 

  • Comfortable Repayment Tenure 

Enjoy a repayment tenure tailored for your comfort, spanning up to 15 years. 

  • Specialized Balance Transfer and Top-Up Services 

Utilize specialized services for balance transfer and top-up options. 

  • Hassle-Free and Transparent Procedures 

Experience a seamless and transparent process from application to disbursal. 

  • Deadline-Oriented Approach 

Trust in our commitment to meeting deal deadlines with precision.

  • Post-Disbursal Support 

Receive ongoing support and guidance even after you get the keys to your industrial property.  

Loan Eligibility Criteria for Industrial Property Purchase

Loan eligibility criteria are generally assessed by banks or NBFCs based on the following parameters: 

Repayment capacity for SMEs can be measured in various ways, including: 

Traditional

The traditional method is the conventional way of determining an applicant’s loan repayment capacity based on formal financial documentation and direct evidence of income. This method relies on standardized criteria and a thorough documentation process to assess the creditworthiness of an SME. Here’s what it typically involves: 

  • Income Proof. 
  • Business Stability. 
  • Age. 
  • Bank Statement. 
  • Debt to Income Ratio. 
  • Repayment History. 
  • Collateral. 
  • Qualification of Borrower. 

Non–Traditional Methods 

The non–traditional or surrogate method in the context of loan for industrial property purchase for SMEs is an alternative assessment approach used by Banks and NBFCs when traditional proof of income is insufficient to capture the borrower’s true financial status.  

The assessment is done based on any of the below parameters. 

  • Average bank balance. 
  • Gross turnover. 
  • GST returns. 
  • Asset-based lending. 
  • Liquid investment-based lending. 
  • Repayment track record. 
  • Average EBITA. 

Maintaining a positive repayment history, marked by on-time payments and responsible handling of various credit types, can enhance your chances of being approved for a loan, significantly. 

Here’s what it typically includes: 

  • Timely loan repayments 
  • Timely credit card repayments 
  • Utilisation of other credit facilities 
  • Frequency of late payments 
  • Duration of credit history 
  • History of defaults 

“Only Industrial Collateral” can be accepted to secure a loan for an industrial property purchase. 

The loan-to-value (LTV) ratio for SMEs is determined basis:

  • Industrial Property: Loan is sanctioned between 50% to 60% of the market value of industrial property. 

Loan can be availed for a minimum tenure of 1 year and a maximum tenure of 15 years.  

Note: The age at the time of termination of the loan should not be more than 70 years. 

Get Your Industrial Property Purchase Loan Approved Quickly and Easily with AFC.

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Documents Required for Industrial Property Purchase Loan

a. Three years Financials complete set including: 

  • ITR acknowledgement (Saral Copy). 
  • Computation of income. 
  • Profit and Loss account and balance sheet will all annexure and schedules. 
  • Tax audit report, including Form 3CA and 3CD. 
  • Auditor’s report. 
  • Form 26 AS 

b. 12 Months bank statement Current account and saving account in PDF format (download as PDF from Internet banking). 

c. Proof of other income if other income is to be considered for enhancing loan eligibility (Rent agreement and reflection in bank statement). 

d. Sanction letter of all loans and facilities. 

e. GST registration certificate. 

f. GST 3B for the last 12 months. 

g. Copy of PAN Card. 

h. Residence Proof (one of the following): 

  • Aadhar Card  
  • Driving License 
  • Passport 
  • Voter ID card
  1. Three years complete financials set including: 
    • ITR acknowledgement (Saral Copy). 
    • Computation of Income. 
    • Form 26 AS 

     

  2. 12-month bank statement for both Current and Saving accounts in PDF format (download as PDF from Internet banking). 
  3. Proof of other income if other income is to be considered for enhancing loan eligibility (Rent agreement and reflection in bank statement). 
  4. Sanction letter of all loans and Facilities. 
  5. Copy of PAN Card. 
  6. Residence Proof (one of the following):  
    a. Aadhar Card  
    b. Driving License 
    c. Passport 
    d. Voter ID card 

Additional Documents for Partnership Firm:  

  1. Three years complete financial set, including:  

    ITR acknowledgement (Saral Copy). 

    o Computation of Income. 

    o Profit and Loss account and balance sheet with all annexure and schedules. 

    o Tax audit report, including Form 3CA and 3CD. 

    o Auditor’s report. 

    o Form 26 AS

  2. 12 Months bank statements Current account and OD or CC account in PDF format (download as PDF from internet banking). 

  3. Proof of other income if other income to be considered for enhancing loan eligibility (Rent agreement and reflection in bank statement). 

  4. Sanction letter of all existing loans and Facilities. 

  5. GST Registration certificate of the partnership firm. 

  6. GST 3B for the last 12 months of the partnership firm. 

  7. Copy of PAN Card of partnership firm. 

  8. Partnership Deed.

Additional Documents for Reference Purpose – Partners

a. Three years complete financials set including:  

  • TR acknowledgement (Saral Copy). 
  • Computation of Income. 
  • Form 26AS 

b. 12-month bank statement for both Current and Saving accounts in PDF format (download as PDF from internet banking). 

c. Proof of other income if other income is to be considered for enhancing loan eligibility (Rent agreement and reflection in bank statement).

d. Sanction letter of all loans and Facilities. 

e. Copy of PAN Card. 

f. Residence Proof – Aadhar Card/ Driving License/ Passport/ Voter ID card.

  1. Three years complete financial set, including: 
    • ITR acknowledgement (Saral Copy). 
    • Computation of Income. 
    • Profit and Loss Account and Balance Sheet with all annexures and schedules. 
    • Tax Audit Report, including Form 3CA and 3CD. 
    • Auditor’s Report. 
    • Form 26AS. 
  2. 12 months bank statement for the savings account in PDF format, downloaded from Internet banking. 
  3. Proof of other income (if applicable) to enhance loan eligibility, including:
           a. Rent agreement and corresponding entries in bank statements. 
  4. Sanction letters of all existing loans and facilities.
  5. GST Registration Certificate of the private limited company.
  6. GST 3B for the last 12 months of the private limited company
  7. Copy of PAN Card of the private limited company 
  8. Memorandum and Articles of Association. 

Additional Documentation for Reference Purpose:- 

Individual – Director / Major Shareholders of Company: 

  1. Three years complete financials set, including: 
    • ITR acknowledgement (Saral Copy) 
    • Computation of Income 
    • Form 26AS 
  2. Six months’ Salary slip/Salary certificate. 
  3. 12 months bank statement for the savings account in PDF format (downloaded from internet banking). 
  4. Proof of other income (if applicable) to enhance loan eligibility, including: 
    a. Rent agreement and corresponding entries in bank statements. 
  5. Latest sanction letter of all existing loans and facilities. 
  6. Copy of PAN Card. 
  7. Residence Proof – Aadhar Card/ Driving License/ Passport/ Voter ID card.

Income to be considered:

The income considered for co-applicants will depend on their employment status or business involvement:

For Instance:

For Individual Proprietors, Partners, or Directors – Documents required are as specified for each category. 

Income Not to be considered:

Certain documents are required for identity verification purposes only and are not considered for income assessment:
a. Copy of PAN card. 
b. Residence Proof (one of below) 
   1. Aadhar Card 
   2. Driving License 
   3. Passport 
   4. Voter ID card 

Builder-Under Construction Property

  • Registered agreement for Sale between Builder and Buyer 
  • Copy of approved Plan 
  • Copy of RERA certificate 
  • Copy of Title certificate 
  • Payment Schedule 
  • NOC for Mortgage from the Builder, issued in the specified bank format 

Builder-Ready Possession property 

  • Registered agreement for sale between the Builder and Buyer. 
  • Copy of Occupation certificate. 
  • Copy of approved plan (optional). 
  • NOC for Mortgage from the Builder, issued in the specified bank format 

Resale Purchase 

  • Registered agreement for Sale between the Seller and Buyer. 
  • Registered agreement for sale between the previous sellers and buyers. (all chain agreement starting from the first purchase until the last). 
  • Copy of Occupation certificate issued by the appropriate authority. 
  • Copy of approved plan for building. 
  • Copy of Share certificate issued by society. 
  • Copy of society registration certificate. 
  • Copy of latest Maintenance Bill. 
  • Copy of latest Property tax Bill. 
  • Copy of latest electricity Bill. 
  • NOC for Mortgage from the Builder, issued in the specified bank format 

 

  1. Registered agreement for sale between the seller and buyer. 
  2. Registered agreement for sale between the previous sellers and buyers. (all chain agreements starting from the first purchase until the last). 
  3. Copy of the Occupation certificate issued by the appropriate authority. 
  4. Copy of approved plan for the building. 
  5. Copy of share certificate issued by the society. 
  6. Copy of society registration certificate. 
  7. Copy of latest maintenance bill. 
  8. Copy of latest property tax bill. 
  9. Copy of latest electricity bill. 
  10. NOC for mortgage from the society, as per bank format 

Industrial Property Purchase Loan Sanction Process

Best Industrial Property Purchase Loan

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FAQs for Industrial Property Purchase Loan

  • An industrial property purchase loan is a specialized form of financing designed to assist small and medium-sized enterprises in buying industrial real estate. The loan amount is decided by the bank or other financial institutions based on the property’s value and the borrower's repayment capacity.

  • Small and Medium-sized Enterprises, including sole proprietors, partnerships, private and public limited companies, and certain professionals like doctors, lawyers, and chartered accountants, can typically borrow loans for the purchase of industrial property, subject to meeting the lender's credit criteria.

  • LTV ratio on loan against Property: - Property Type LTV% on Market Value Industrial Property 50-60%

  • The types of industrial properties eligible for purchase with this industrial property purchase loan are those properties located within industrial zones and featuring either RCC structures or industrial sheds. This would typically encompass: Factory buildings , Warehouse spaces , Industrial land , Manufacturing facilities .

  • Typically, a down payment of 30% of the agreement value is required for an industrial property purchase loan. The remaining amount can be financed through a bank loan.

  • Once all necessary documents are received, the processing of an industrial property purchase loan can be completed within 10 working days.