Lenders view land loans as riskier than mortgages and have more stringent criteria for approval. You may need to furnish a higher down payment to secure one. Your credit score needs to be higher than average to obtain financing, and your DTI ratio must also be lower than average.
The minimum amount that the Certificate of Deposit can be issued in India is ₹1 lakh. Beyond, any further investments would need to be in subsequent multiples of it. The SCBs or Scheduled Commercial Banks and the All-India Financial Institutions are responsible for issuing the Certificate of Deposit.
The minimum denomination allowed for an Indian certificate of deposit is Rs. 5 lakh. Higher value CDs can be in multiples of Rs. 5 lakh.
The minimum requirement is typically between 660 and 680 for conventional loans, but many business loans have lower requirements. You must also show how long you have been in business, as most lenders will only lend to an established company. This means you should already be in business for one to two years, minimum.