Who can avail Commercial Property Loan?
Self-employed who have 3+ years of existing business can avail loan.
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | |
|---|---|---|---|---|---|
|
10.00%
|
1%
|
500
|
180
|
|
|
9.80%
|
1%
|
1000
|
120
|
|
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|
13.00%
|
1%
|
100
|
180
|
|
|
10.70%
|
1%
|
1500
|
180
|
|
|
9.40%
|
1.00%
|
200
|
120
|
|
|
11.00%
|
1%
|
200
|
180
|
|
|
9.50%
|
1%
|
1000
|
180
|
|
|
11.70%
|
1%
|
1000
|
120
|
|
|
9.50%
|
1%
|
700
|
180
|
|
|
10.00%
|
1%
|
200
|
180
|
|
|
10.00%
|
1%
|
300
|
180
|
|
|
9.50%
|
1%
|
1000
|
1%
|
|
|
9.60%
|
1%
|
1000
|
180
|
|
.png)
|
9.80%
|
1%
|
1000
|
120
|
|
|
9.70%
|
1%
|
500
|
120
|
|
|
11.00%
|
1%
|
500
|
180
|
|
|
9.15%
|
1%
|
1000
|
180
|
|
|
10.10%
|
1%
|
500
|
120
|
|
|
10.00%
|
1%
|
500
|
180
|
|
|
10.00%
|
1%
|
300
|
120
|
|
|
9.25%
|
1%
|
2500
|
180
|
|
|
9.25%
|
1%
|
1000
|
180
|
|
|
10.75%
|
1%
|
1000
|
120
|
|
|
9.35%
|
1%
|
1000
|
120
|
|
|
9.25%
|
1%
|
1000
|
180
|
|
|
9.50%
|
1%
|
1500
|
180
|
|
|
9.50%
|
1%
|
1000
|
180
|
|
|
9.50%
|
1%
|
750
|
180
|
|
|
9.50%
|
1%
|
1500
|
180
|
|
.png)
|
9.75%
|
1%
|
2500
|
180
|
|
|
9.25%
|
0.50%
|
3500
|
180
|
|
|
9.45%
|
1%
|
750
|
120
|
|
|
10.00%
|
1%
|
500
|
180
|
|
|
9.50%
|
1%
|
1000
|
180
|
|
|
9.30%
|
1%
|
1000
|
180
|
|
|
9.80%
|
1%
|
1000
|
120
|
|
|
10.00%
|
1%
|
50
|
180
|
|
|
11.00%
|
1%
|
200
|
180
|
|
|
9.50%
|
1%
|
300
|
180
|
|
|
7.50%
|
1%
|
500
|
180
|
|
.png)
|
10.00%
|
1%
|
300
|
180
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
10.00% |
|
|
|
9.80% |
|
|
|
13.00% |
|
|
|
10.70% |
|
|
|
9.40% |
|
|
|
11.00% |
|
|
|
9.50% |
|
|
|
11.70% |
|
|
|
9.50% |
|
|
|
10.00% |
|
|
|
10.00% |
|
|
|
9.50% |
|
|
|
9.60% |
|
|
|
9.80% |
|
|
|
9.70% |
|
|
|
11.00% |
|
|
|
9.15% |
|
|
|
10.10% |
|
|
|
10.00% |
|
|
|
10.00% |
|
|
|
9.25% |
|
|
|
9.25% |
|
|
|
10.75% |
|
|
|
9.35% |
|
|
|
9.25% |
|
|
|
9.50% |
|
|
|
9.50% |
|
|
|
9.50% |
|
|
|
9.50% |
|
|
|
9.75% |
|
|
|
9.25% |
|
|
|
9.45% |
|
|
|
10.00% |
|
|
|
9.50% |
|
|
|
9.30% |
|
|
|
9.80% |
|
|
|
10.00% |
|
|
|
11.00% |
|
|
|
9.50% |
|
|
|
7.50% |
|
|
|
10.00% |
|
If you are planning to purchase commercial property, then you can avail maximum 70% of purchase value as a loan amount at attractive interest rates with other exclusive benefits. For applying commercial property purchase loan you will be required to match few eligibility criteria.
Usually, Commercial property loan Eligibility Criteria depends on various factors like age of applicant, monthly salary or business income of co-applicant & residency..etc.
Note: - You can avail 70% - 90% of commercial property value as a loan amount.
There are Top factors that generally affects Commercial property loan Eligibility Criteria as given below: -
Credit Score below 650: - Usually, applicant with below 650 credit score unable to any loan because credit score plays a critical role in evaluating your loan proposals, therefore try to maintain good credit records to avoid such rejection.
Collateral/Assets: - As you know in 80% of loan types, lenders want to know whether you own any collateral or not, if not then it can become negative & lower your eligibility.
To increase Commercial property loan eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.
Clear banking statement: - At your loan document verification banking statement looked forward to know your past banking details like crediting & debiting & other history. Hence, always investigate your banking very closely & keep a clear banking statement.
Open account with preferred lender: - Generally, some banks give extra benefits & feature on loan, who are account holders of that specific bank, therefore once you fix your preferred lender from where to apply loan then open account & maintain a good track record, it will build trust & also help you to increase eligibility.
Who can avail Commercial Property Loan?
Self-employed who have 3+ years of existing business can avail loan.
How to calculate Commercial Property Loan?
Calculate EMI for better financial planning, you need to enter loan amount, Interest Rate & tenure period so that it can predict overall chart.
Does taking a Commercial Property Loan is good idea or bad idea?
When you have a shortage of finance, off course you opt for loan & that won’t be a bad thing since it’s the ideal way to get finance.
What are the other charges applicable for loan against Commercial Property?
What is the current rates of Commercial Property Loan?
Loan for Commercial Property Rates starting from @ 7.50 onwards.
Which are the documents required for Commercial Property Loan?
How to use Commercial Property Loan calculator?
Calculating EMI is much simpler because of auto-calculation it lessen your time, just you need to enter loan amount, Interest Rate & tenure period that all is required for calculating within a few second it present a scheduled chart containing monthly EMI & remaining principal amount.
What are the benefits of Commercial Property Loan?
Want to get financial service? Advise by CA Vikas Jain
CA Vikas Jain - Chief Advisor
Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
Read MoreCA Vikas Jain - Chief Advisor
Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
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