Development finance has made it possible to accelerate the velocity of development projects. The institutional lenders do finance a predetermined percentage of entire cost going to be occurred on a development project. This is considered as the most convenient way of finance these days, as the lenders are not much inclined to sanction the advances through strict corridor. The loan goes for a fixed period of time and borrowers have to pay off the entire amount in given period. Lenders allow the borrowers to repay their advances in either cash or equity.
