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Commercial Property Loan

• Loan upto 85% of project cost
• Loan at low-interest rate
• Flexible tenure facility
Enquiry Form
Commercial Property Loan
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month)
Axis Finance Limited
10.00%
1%
500
180
Indian Bank
8.80%
1%
1000
120
Aavas Financiers Limited
13.00%
1%
100
180
South Indian Bank Ltd.
1%z10.70%
1%
1500
180
UCO Bank
9.40%
1.00%
200
120
Piramal Capital and Housing Finance
11.00%
1%
200
180
RBL Bank Ltd.
8.50%
1%
1000
180
Canara Bank
11.70%
1%
1000
120
IDFC First Bank
9.50%
1%
700
180
LIC Housing Finance
8.00%
1%
200
180
HDB Financial Services Limited
10.00%
1%
300
180
HSBC Bank
7.50%
1%
1000
1%
IndusInd Bank
9.00%
1%
1000
180
IndusInd Bank
9.00%
1%
1000
180
Union Bank of India
9.80%
1%
1000
120
Punjab National Bank
8.70%
1%
500
120
UGRO Capital
11.00%
1%
500
180
YES Bank Ltd.
8.00%
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
7.25%
1%
2500
180
DCB Bank Ltd.
9.00%
1%
1000
180
United Bank of India
10.75%
1%
1000
120
Bank of India
8.35%
1%
1000
120
Digibank (DBS)
9.00%
1%
1000
180
Standard Chartered Bank
7.50%
1%
1500
180
PNB Housing
9.00%
1%
1000
180
Indiabulls
9.50%
1%
750
180
Axis Bank Ltd.
7.50%
1%
1500
180
ICICI Bank Ltd.
7.75%
1%
2500
180
HDFC Bank Ltd
7.25%
0.50%
3500
180
State Bank of India
8.45%
1%
750
120
Aditya Birla Finance Limited
10.00%
1%
500
180
Federal Bank Ltd.
9.50%
1%
1000
180
Bandhan Bank Ltd.
9.00%
1%
1000
180
Bank of Baroda
8.00%
1%
1000
12
Vistaar Financial Services Private Limited
14.00%
1%
50
180
IIFL
11.00%
1%
200
180
Hero FinCorp Limited
9.00%
1%
300
180
Deutsche Bank
7.50%
1%
500
180
Cholamandalam Investment and Finance Company Limited
10.00%
1%
300
180
Bank Name Min Interest Rate
Axis Finance Limited

10.00%

Indian Bank

8.80%

Aavas Financiers Limited

13.00%

South Indian Bank Ltd.

1%z10.70%

UCO Bank

9.40%

Piramal Capital and Housing Finance

11.00%

RBL Bank Ltd.

8.50%

Canara Bank

11.70%

IDFC First Bank

9.50%

LIC Housing Finance

8.00%

HDB Financial Services Limited

10.00%

HSBC Bank

7.50%

IndusInd Bank

9.00%

IndusInd Bank

9.00%

Union Bank of India

9.80%

Punjab National Bank

8.70%

UGRO Capital

11.00%

YES Bank Ltd.

8.00%

Central Bank of India

10.10%

Tata Capital Financial Services Limited

10.00%

Edelweiss Finance

10.00%

Kotak Mahindra Bank

7.25%

DCB Bank Ltd.

9.00%

United Bank of India

10.75%

Bank of India

8.35%

Digibank (DBS)

9.00%

Standard Chartered Bank

7.50%

PNB Housing

9.00%

Indiabulls

9.50%

Axis Bank Ltd.

7.50%

ICICI Bank Ltd.

7.75%

HDFC Bank Ltd

7.25%

State Bank of India

8.45%

Aditya Birla Finance Limited

10.00%

Federal Bank Ltd.

9.50%

Bandhan Bank Ltd.

9.00%

Bank of Baroda

8.00%

Vistaar Financial Services Private Limited

14.00%

IIFL

11.00%

Hero FinCorp Limited

9.00%

Deutsche Bank

7.50%

Cholamandalam Investment and Finance Company Limited

10.00%

₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Commercial property purchase 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 purchase loan Eligibility Criteria

Usually, Commercial property purchase 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 purchase loan Eligibility Criteria?

There are Top factors that generally affects Commercial property purchase 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 purchase loan eligibility?

To increase Commercial property purchase 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
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. PAN Card Copy
  2. AADHAR CARD + PASSPORT
  3. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  4. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  5. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  6. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  7. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  8. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  9. ALL DIRECTORS PHOTOGRAPH
  10. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  11. ADDRESS PROOF – COMPANY AND DIRECTORS.
  12. . LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  13. MEMORANDOM
  14. ORDER IN HAND AND COMPLETE COPY (if applicable)
  15. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  16. 1 YEAR GST RETURNS
  17. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
  18. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  19. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  20. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  21. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  22. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  23. AGREEMENT TO SELL COPY
  24. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
  25. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PAN CARD CLEAR COPY PROPRIETOR.
  2. ADD 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. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST Return last 1 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
  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
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
  15. AGREEMENT TO SELL COPY
  16. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

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?

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

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?

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

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?

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

What are the benefits of commercial property loan?

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

Related Topics

  • COMMERCIAL PROPERTY LOAN BY BANKS

  • COMMERCIAL PROPERTY LOAN BLOGS

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Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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