Know if You Qualify for a Builder’s Loan
Before applying for a Builder’s Loan, it’s important to check whether you meet the eligibility criteria. At Rohini Financial Services, we ensure a smooth approval process for builders, contractors, and real estate developers who are looking to fund their construction or development projects.
🧾 Basic Eligibility Criteria
To qualify for a Builder’s Loan, the applicant must meet the following requirements:
1. Applicant Type
Individual builders or developers
Partnership firms engaged in real estate or construction
Private Limited or LLP construction companies
Proprietorship firms involved in infrastructure development
2. Age Criteria
Minimum age: 25 years
Maximum age at loan maturity: 65 years
3. Business Experience
Minimum 3 years of experience in real estate or construction projects
Proven track record of successfully completed projects preferred
4. Financial Stability
Minimum annual turnover as per loan amount requirement
Good credit score (CIBIL 700 or above)
Consistent income proof and positive cash flow for project funding
5. Project Requirements
The project must be approved by local authorities
Ownership or developer rights must be clearly established
The project location should be within approved municipal limits
📄 Documents Required for Builder’s Loan
Applicants need to submit the following documents for verification and approval:
| Category | Documents Required |
|---|---|
| Identity Proof | PAN Card, Aadhaar Card, Passport, or Voter ID |
| Address Proof | Utility Bills, Rent Agreement, or Property Documents |
| Business Proof | GST Certificate, Business Registration, Partnership Deed, etc. |
| Financial Documents | Bank Statements (last 6–12 months), ITR (last 2 years), Balance Sheet, Profit & Loss Statement |
| Project Documents | Project Plan, Approval Letter, Land Ownership/Development Agreement |
| Photographs | Passport-size photos of applicant(s) |
💼 Additional Eligibility Factors
Existing Liabilities: Your current loans and repayment history are evaluated.
Collateral (if applicable): Some loans may require security depending on loan value.
Repayment Capacity: Your income and project revenue help determine repayment strength.