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Commercial Property Loan

Bank Name Min Interest Rate Processing Fee Max Loan (Lacs) Max Tenure (Month) Chances of Loan Approval
10.00% 1% 500 180
9.80% 1% 1000 120
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
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
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
10.00% 1% 300 180
Apply Now EMI Calculator Eligibility Criteria Documents Check List FAQs
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Eligibility Criteria

What you mean by Commercial property loan Eligibility Criteria?

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.

Commercial property loan 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.

  • • Age Limit of Individuals – 22 to 65 years of age
  • • Good financial statement
  • • 700 above Credit score
  • • Nationality - Resident of Indian

Note: - You can avail 70% - 90% of commercial property value as a loan amount.

What are the factors generally affecting Commercial property loan Eligibility Criteria?

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.

What are the ways to increase Commercial property loan 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.

Documents Required

INDIVIDUAL
  1. AADHAR CARD + PASSPORT PAN CARD COPY

  2. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF

  3. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE

  4. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT

  5. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)

  6. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS

  7. PROCESSING FEE CHEQUE IN FAVOUR OF BANK

  8. ALL DIRECTORS PHOTOGRAPH

  9. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS

  10. ADDRESS PROOF – COMPANY AND DIRECTORS

  11. LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE

  12. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE

  13. 1 YEAR GST RETURNS

  14. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS

  15. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE

  16. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED

  17. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH

  18. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP

  19. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER

PROP FIRM
  1. PAN CARD CLEAR COPY PROPRIETOR

  2. ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR

  3. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)

  4. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY

  5. LAST 1 YEAR GST RETURN COPY

  6. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE

  7. PROVISIONAL FINANCIAL AY 2019-20

  8. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)

  9. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)

  10. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED

  11. AGREEMENT TO SELL COPY

  12. AADHAR CARD + PASSPORT PAN CARD COPY

  13. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP

PARTNERSHIP FIRM
  1. PARTNERS

  2. PAN CARD - COMPANY, ALL PARTNERS

  3. ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER PAN CARD, ADHAAR)

  4. FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL

  5. PARTNERSHIP DEED COPY

  6. GST CERTIFICATE

  7. GST RETURN LAST1 YEARS

  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED

  9. PROVISIONAL FINANCIAL AY 2019-20

  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION

  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED

  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH

  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED

  14. AGREEMENT TO SELL COPY

  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP

PVT.LTD
  1. PHOTOGRAPH

  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS

  3. ADDRESS PROOF – COMPANY AND DIRECTORS

  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE

  5. MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)

  6. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE

  7. 1 YEAR GST RETURNS

  8. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS

  9. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE

  10. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR

  11. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED

  12. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH

  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED

  14. AGREEMENT TO SELL COPY

  15. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP

FAQs

Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.

Who can avail Commercial Property Loan?

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Self-employed who have 3+ years of existing business can avail loan.

How to calculate Commercial Property Loan?

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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?

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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?

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  • Processing fee
  • Late payment fee
  • Foreclosure Charges
  • Pre-payment charges

What is the current rates of Commercial Property Loan?

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Loan for Commercial Property Rates starting from @ 7.50 onwards.

Which are the documents required for Commercial Property Loan?

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  • KYC Documents of identity proof & residential proof
  • Income proof
  • Bank statement
  • Property documents

How to use Commercial Property Loan calculator?

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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?

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  • Loan at competitive Interest Rates
  • Required minimal documentation
  • Simplified document processing
  • Flexible tenure facility
  • Doorstep assistance available

Related Topics
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