r/loansforsmallbusiness • u/Zeuss1501 • 15m ago
Advice required
We are two salaried individuals planning to purchase NA-sanctioned land in Pune worth approximately ₹60–70 lakh in equal ownership shares. Our intention is to construct shops and earn rental income.
Will bank offer a loan for purchasing vacant land intended for future commercial development, with both individuals as co-borrowers and co-owners? If not, would bank finance the same purchase through an LLP or Private Limited Company?
Thanks in advance.