Housing loan or construction loan

S ELAVARASI (ACCOUNTANT) (2975 Points)

26 May 2018  

Dear Sir / Madam.,

We are running a Partnership Firm and It's T/O around 40 lakhs... We decide build a workshop (Small Machine shop / Factory). Also decide apply loan for the construction... So,

Can we (P. Firm) apply loan for construction purpose...? If Yes

How nay rupees we can avail as our T/O...?