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Project Funding

Finance that builds as you build.

Funding: Up to 75% of project cost
Interest rate: From 12%* p.a.
Use: Construction & development
Release: Stage by stage

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At A Glance

Purpose: Construction and development projects, released stage by stage
Projects: Residential, commercial and industrial developments
Who can apply: Builders with 8 to 10 or more completed projects

See all 13 requirements

The Short Version

What Project Funding actually does for you.

Funding for construction and development projects. The amount depends on your approvals, project cost and expected sales. The money is released in stages as the work moves ahead, not all at once.

What's included

Residential, commercial and industrial developments
Combined land-and-construction funding where needed
Repayment structured through escrow and sales receivables
Legal, technical and valuation checks coordinated on your behalf

Do you qualify?

Builder with 8 to 10 or more completed projects, and 5 lakh sq. ft. or more delivered
8 to 10 years or more in the real estate sector
2 or more projects currently under execution
A construction finance or term loan track record, and positive references from reputed developers, financial institutions or property consultants
Funding need of ₹5 Cr or more
Project land owned by the builder, or held through a joint venture
Project in a city or town with a population of more than 3 lakh
Construction already above plinth level, and at least 10% of the units sold at sanction
Project approved by the Municipal Corporation or Town Planning Authority
Project within 50 km of the city centre, and within 10 km of a National Highway and a railway station
Builder's own equity of at least 50% of the proposed loan amount
A good credit record for the developer, its promoters and group companies
These points are a guide. Each lender sets its own benchmarks, and a project that misses one or two can still be reviewed

Which One Are You

Proprietor / ProfessionalYou run a business in your own name, or practise a profession such as medicine, law, accountancy or architecture. There is no separate company, so the lender looks at you and the business together: your ITRs, your financial statements and your business bank account. Clear books and returns filed on time help a lot.

Partnership / LLPThe business is a partnership firm or an LLP. The lender checks the firm's registration, its financials and its bank statements, and also the standing of each partner, so every partner's KYC and tax returns are usually needed. A signed partnership deed that allows borrowing keeps things smooth.

CompanyThe business is a private or public limited company. The lender checks the incorporation papers, the directors and the shareholding, the company's audited financials and its bank statements. A board resolution authorising the loan is usually needed, and directors may be asked to stand as guarantors.

Documents Required (Checklist)

For Self-Employed

Proprietor's KYC: PAN, Aadhaar and address proof
Business proof: GST registration, Udyam, shop licence or equivalent
Last 3 years' ITR with computation of income
Last 3 years' financial statements (P&L and balance sheet), audited where applicable
Last 12 months' current and savings account statements
GST returns for the last 12 months, where registered
Details of existing loans, with EMIs and statements

For Every Applicant

KYC (PAN, Aadhaar, address proof)
Audited financials, ITRs and 12 months' bank statements of the builder
Project report with cost, funding plan and sales projections

This is the usual list for each type of applicant. Get the exact checklist for project funding, sent as a PDF you can save or print.

Fees and other charges

Besides interest, a lender may charge a few fees. It helps to know them before you apply, so there are no surprises.

Processing fee

A percentage of the loan amount plus GST, often somewhere between about 0.5% and 2%. For large or project-based loans it is usually agreed with the lender.

Legal, valuation and technical charges

Fees for the lender's legal check, the property or project valuation, and any technical inspection. They depend on the lender and the size of the deal.

Stamp duty and registration

These follow your state's rules and apply when the loan documents and mortgage are registered.

Foreclosure and part-prepayment

Loans taken for business purposes may carry a charge for early closure, often a small percentage of the amount prepaid. Check the terms before you prepay.

These are general guides and every lender sets its own fees. Your expert will share the exact charges in writing before you sign.

Why Growth Capital Services

One conversation, many lenders to compare.

We are a loan consultant, not the lender. We help you compare options from 75+ Banks and NBFCs, prepare your documents, and follow your application through each step.

Check Your Eligibility Talk to Our Loan Expert

Important note: Interest rate, loan amount, tenure, charges, eligibility, approval and disbursement depend on the policy of the respective Bank or NBFC, your profile, credit assessment and the applicable terms. Growth Capital Services is a loan consultant and does not lend money itself. The details on this page are for general information.

Run the numbers

Calculators for your Project Funding

Try your own figures before you apply — nothing is saved or sent.

EMI Calculator

Plan your loan payments

Adjust the sliders to estimate your monthly EMI, total interest and total repayment.

Loan Amount

₹50.00 L

₹1 L₹10 Cr

Interest Rate (p.a.)

5%24%

Loan Tenure

Years

1 Yr30 Yrs

Monthly EMI: ₹46,607
Total interest: ₹61,85,574
Total payable amount: ₹1,11,85,574

EMI₹46,607per month

Principal (45%)

Interest (55%)

Talk to an Expert

Step-by-step guide

Project Funding process, step by step.

Project funding is released as the project moves forward. Here is how we arrange it.

Share the project

Tell us about the project, its cost, timeline and the funds you have already put in.

Check the project papers

We review approvals, cost estimates and the financials a lender will ask for.

Structure the funding

We shape the loan and the drawdown schedule around the project's stages.

Lender appraisal

Lenders appraise the project and the promoters, and may visit the site.

Sanction and staged release

After the sanction, money is released in stages as the work progresses.

With GCS, your expert looks at your profile, matches it with suitable lenders, and coordinates with the banks for you. That means less confusion and more confidence when you apply.

Worth Comparing