What Are the Documents Required to Apply for a Construction Finance Loan?

Submitting proper documentation is vital for a strong loan application, ensuring a smoother approval process. While specific requirements may vary from bank to bank and depending on the phase of the project, understanding the common documents needed can help you prepare effectively.

Financial Documents

• Audited financial statements for the last three years
• Income tax returns for the last three years
• Bank statements for the past six months
• Profit and loss statements
• Balance sheet

Project Documents

• Detailed project report (DPR)
• Project plan and timelines
• Cost estimates and budgets
• Approvals and permits from local authorities (Building Plan Approval, Environmental Clearance, Fire Safety Approval)
• Construction contracts and agreements
• Land documents (Sale Deed, Title Deed)
• No Objection Certificates (NOCs) from relevant authorities
• Occupancy Certificate (OC)
• Completion Certificate (CC)

KYC Documents

• Identity proof (Aadhaar card, PAN card, passport, etc.)
• Address proof (utility bills, rental agreement, etc.)
• Photographs of directors/promoters
• Business registration documents
• Partnership deed or memorandum of association (MOA) and articles of association (AOA)

Capflow is dedicated to helping companies raise loans efficiently. Our expertise in construction finance ensures that you receive the guidance needed to compile a strong loan application. To get started, contact us by clicking on the "Get in Touch" button on the top right corner of the screen.

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