| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | Chances of Loan Approval | |
|---|---|---|---|---|---|---|
Axis Finance Limited
|
10.00% | 1% | 500 | 180 |
|
|
Indian Bank
|
9.80% | 1% | 1000 | 120 |
|
|
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Aavas Financiers Limited
|
13.00% | 1% | 100 | 180 |
|
|
South Indian Bank Ltd.
|
10.70% | 1% | 1500 | 180 |
|
|
UCO Bank
|
9.40% | 1.00% | 200 | 120 |
|
|
Piramal Capital and Housing Finance
|
11.00% | 1% | 200 | 180 |
|
|
RBL Bank Ltd.
|
9.50% | 1% | 1000 | 180 |
|
|
Canara Bank
|
11.70% | 1% | 1000 | 120 |
|
|
IDFC First Bank
|
9.50% | 1% | 700 | 180 |
|
|
LIC Housing Finance
|
10.00% | 1% | 200 | 180 |
|
|
HDB Financial Services Limited
|
10.00% | 1% | 300 | 180 |
|
|
HSBC Bank
|
9.50% | 1% | 1000 | 1% |
|
|
IndusInd Bank
|
9.60% | 1% | 1000 | 180 |
|
|
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Union Bank of India
|
9.80% | 1% | 1000 | 120 |
|
|
Punjab National Bank
|
9.70% | 1% | 500 | 120 |
|
|
UGRO Capital
|
11.00% | 1% | 500 | 180 |
|
|
YES Bank Ltd.
|
9.15% | 1% | 1000 | 180 |
|
|
Central Bank of India
|
10.10% | 1% | 500 | 120 |
|
|
Tata Capital Financial Services Limited
|
10.00% | 1% | 500 | 180 |
|
|
Edelweiss Finance
|
10.00% | 1% | 300 | 120 |
|
|
Kotak Mahindra Bank
|
9.25% | 1% | 2500 | 180 |
|
|
DCB Bank Ltd.
|
9.25% | 1% | 1000 | 180 |
|
|
United Bank of India
|
10.75% | 1% | 1000 | 120 |
|
|
Bank of India
|
9.35% | 1% | 1000 | 120 |
|
|
Digibank (DBS)
|
9.25% | 1% | 1000 | 180 |
|
|
Standard Chartered Bank
|
9.50% | 1% | 1500 | 180 |
|
|
PNB Housing
|
9.50% | 1% | 1000 | 180 |
|
|
Indiabulls
|
9.50% | 1% | 750 | 180 |
|
|
Axis Bank Ltd.
|
9.50% | 1% | 1500 | 180 |
|
|
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ICICI Bank Ltd.
|
9.75% | 1% | 2500 | 180 |
|
|
HDFC Bank Ltd
|
9.25% | 0.50% | 3500 | 180 |
|
|
State Bank of India
|
9.45% | 1% | 750 | 120 |
|
|
Aditya Birla Finance Limited
|
10.00% | 1% | 500 | 180 |
|
|
Federal Bank Ltd.
|
9.50% | 1% | 1000 | 180 |
|
|
Bandhan Bank Ltd.
|
9.30% | 1% | 1000 | 180 |
|
|
Bank of Baroda
|
9.80% | 1% | 1000 | 120 |
|
|
Vistaar Financial Services Private Limited
|
10.00% | 1% | 50 | 180 |
|
|
IIFL
|
11.00% | 1% | 200 | 180 |
|
|
Hero FinCorp Limited
|
9.50% | 1% | 300 | 180 |
|
|
Deutsche Bank
|
7.50% | 1% | 500 | 180 |
|
|
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Cholamandalam Investment and Finance Company Limited
|
10.00% | 1% | 300 | 180 |
|
|
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 CriteriaUsually, 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.
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.
AADHAR CARD + PASSPORT PAN CARD COPY
ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
PROCESSING FEE CHEQUE IN FAVOUR OF BANK
ALL DIRECTORS PHOTOGRAPH
CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
ADDRESS PROOF – COMPANY AND DIRECTORS
LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE
GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
1 YEAR GST RETURNS
ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
PAN CARD CLEAR COPY PROPRIETOR
ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
LAST 1 YEAR GST RETURN COPY
FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
PROVISIONAL FINANCIAL AY 2019-20
BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
AADHAR CARD + PASSPORT PAN CARD COPY
PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
PARTNERS
PAN CARD - COMPANY, ALL PARTNERS
ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER PAN CARD, ADHAAR)
FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL
PARTNERSHIP DEED COPY
GST CERTIFICATE
GST RETURN LAST1 YEARS
3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
PROVISIONAL FINANCIAL AY 2019-20
3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
ALL PARTNER SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH MAP
PHOTOGRAPH
CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
ADDRESS PROOF – COMPANY AND DIRECTORS
LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
1 YEAR GST RETURNS
ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
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.
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Self-employed who have 3+ years of existing business can avail 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.
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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.
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Loan for Commercial Property Rates starting from @ 7.50 onwards.
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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.
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CA Vikas Jain - Our Mentor
9863-02-02-02