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are there banks giving loans and take hot commercial property for long lease/rent at Chennai, India?
I have hot property that can be developed (to Customer's requirement) for rental to Banks/Corporate Offices - property located just opposite to upcoming MRTS Station/Inner Ring Road adjacent to big School/bus stand. Do Bank give loan against Property (50% of value of property) and by taking the property on lease/rent.
thanks mr. WBinside - I am just 63 years old -
thanks for the details given = regards
Sir .. did not hear from you for long .....you are with a question like these here ...!!
And sitting idle .. with a tremendous potentiality in your project ?
Any Bank will be interested - even in these days of crisis with the "sub-prime" world over.
This will come under 'Property Development" - a non Priority loan for the Banks.
Go to any Bank > Central Bank of India > show them yr project with all papers > the un-encumbered land deed > search report for last 30 yrs > show them the viability >make a mortgage > ensure them that the sale proceeds will be deposited when comes > come out with the loan.
( Incidentally I work with Central Bank in Calcutta ... mention : ur age may matter in a loan - provide the guarantors )
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