A Factory Purchasing Loan is a type of business loan designed to help companies acquire a factory or manufacturing unit. This loan provides financial support to purchase land, buildings, or industrial units necessary for production operations. 

1. High Loan Amount: Covers a significant portion of the factory

purchase cost.

2. Long Repayment Tenure: Ranges from 5 to 20 years,

depending on the lender.

3. Competitive Interest Rates: Varies based on the borrower's

credit profile and business financials.

4. Collateral-Based Loan: Usually secured against the factory

property or other business assets.

5. Flexible EMI Options: Customizable repayment schedules to

suit business cash flow. 

1. Businesses, SMEs, or manufacturing firms with a stable financial background.

2. Good credit history and repayment track record.

3. Proof of business profitability and income stability.

4. Legal documentation of the factory property. 

1. Property-Related Documents

• Sale Deed (Registered ownership transfer document)

• Previous Sale Documents (if applicable)

• Title Deed (Proof of ownership)

• Mutation Record (Land ownership update in government records)

• Land Use Certificate (Approval for industrial use)

• Zoning and Land Clearance Certificate (Approval from local authorities)

2. Legal & Government Approvals

• Factory License (Issued by the labor department)

• No Objection Certificates (NOCs) from:

• Pollution Control Board

• Fire Department

• Local Municipal Authority

• Building Plan Approval (From local development authority)

• Electricity and Water Connection Approval

• GST Registration Certificate

• Professional Tax Certificate (If applicable)

3. Financial & Banking Documents

• Stamp Duty & Registration Fee Receipt

• Property Tax Receipts (Latest tax payments)

• Utility Bills (Electricity, water, etc.)

• Bank Loan Approval Documents (If financing is involved)

• Balance Sheet & ITR (For existing factory purchase)

4. Other Important Documents

• Owner/Director Identification Proof (Aadhar, PAN, DIN, Passport)

• Business Agreement (if purchasing in partnership or joint venture)

• Employee List & Labor Contracts (If existing workforce is retained)

• Insurance Policy (if the factory is insured)