Scheme for Financing Commercial Complexes - Service Provider, Delhi, India

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Product Code : 09

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Product Specification

Scheme For Financing Commercial Complexes

Sensing the needs of borrowers, HSIIDC has introduced a Scheme for construction of Commercial complexes. The assistance under the scheme is provided for:

Acquisition of land and construction of building thereon.
Interior decoration, air conditioning, communication facilities for commercial complexes and shopping malls.
Acquisition of racks for storage, weigh bridges, conveyor system, lift for show rooms, departmental stores, sales outlets etc. Products for sale will not be considered for financing.
In case of existing functional commercial complexes, renovation cost and cost of acquisition of additional establishment could also be considered for financial assistance.
Any other required facilities connected with the commercial complexes, can also be considered for financing.

The land should be in name of company or its promoter and same be mortgaged with the Corporation.

Financing Parameters

Maximum assistance	Rs. 1500 lacs.
Minimum promoter’s contribution	30%
Maximum debt equity ratio	1:1
Minimum Security Margin	35%
Processing Fee	0.20% of loan amount
Upfront fee	0.50% of loan amount
Repayment Period	upto 8 years with moratorium period of 18 months
Rate of Interest	13% p.a floating (Before 1% timely payment rebate)

Other Products

Disbursement of Sanctioned Assistance	Arrangement of Funds / Facilities	Packing Credit Loan, Letter of Credit for Importer & Exporter	Loan Under Equipment Finance Scheme (EFS)	Advisory	Term Loans-project and Specialized Equipment

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