Loan for acquiring land
This query is : Resolved
09 January 2013
i have a pvt. ltd. co. with an authorised capital of 500000. i want to buy a land costing 8000000 in the name of co.,co. doesn't have sufficient fund,can it take a loan/debt of 7000000?
Amol S Joglekar
(Expert)
09 January 2013
It can very well take the loan if the Financer is ready to give. Normally the financer (Say bank) allow a debt equity ratio of 2:1 or 3:1
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