We offer loans against commercial property from Rs.1 Crores to 200 Crores or more in all major cities of India.
Borrowers can now unlock the financial potential of their commercial properties to invest in new projects, construct or renovate buildings, expand their businesses, or raise working capital.
What is a Commercial Property Loans?
A commercial property loans is a secured loan where the borrower gets funds by pledging their commercial property as collateral to the lender. These funds can be utilized to meet personal & business requirements. Instead of selling property for the fund requirements, raising a loan on the commercial property can be a better alternative.
A property can be any of the following types for availing this loan:
- Commercial office space
- Retail Shop
- Warehouses
- Commercial plots/lands
- Mix-land use properties
- Leased outbuildings
Key Features of Commercial Property Loans:
- Loan Amount: Starting from Rs.1 Crore to 250 crores of finance available
- Loan LTV: One can borrow up to 50-60% of the market value of the property (this may vary depending on the type of property).
- Loan Tenure: Loan tenures can range from 5 to 10 years, with the availability of a moratorium period.
- Interest Rates: Interest rates on secured loans are generally lower than those on unsecured loans.
- Repayment Options: Flexible repayment options, including EMIs (Equated Monthly Installments), bullet payments, or balloon repayments.
- Processing Time: Faster processing time and loan disbursement timelines compared to the market.
- PAN India: Loan available in all major cities of India.
- The easy onset of Process: The ease of digital onboarding of documents makes the process smooth & fast.
- Low Credit Score: Borrowers having low credit scores or issues in past loan repayments can also apply with us. But, higher interest rates are charged.
Advantages of Commercial Property Loans
- Higher Loan Amounts
Secured loans against commercial properties offer higher loan amounts compared to other loans. - Competitive Interest Rates
Generally, rates of interest offered are lower in secured loans compared to unsecured loans. - Longer Repayment Tenure
Loan tenures can range from 5 to 10 years, with 5 to 6 months of moratorium period offered. - Quick Approval and Disbursal
Loan against commercial properties offers faster approval & disbursement time. - No Need to Sell Property
Instead of selling your commercial property to raise capital, you can retain ownership while still accessing funds. This means you continue to benefit from the property’s appreciation or rental income. - Monetization of Business Property:
Your business commercial property can also be monetized through this loan without engaging residential properties.
Eligibility Criteria
- Must be an Indian citizen
- The property also must be within Indian regions
- Property owned in personal or company name
- Self-registered properties or properties with a long lease of at least 99 years from the local authority
- The borrower must have the good business income to secure the repayment
- At least three years of business stability is required
Documentation Required
To apply Commercial Property Loans, you need to provide the following documents:
- Proof of identity (Aadhar card, PAN card, passport, etc.)
- Proof of ownership of the property
- Property documents (title deed, encumbrance certificate, etc.)
- Income proof (IT returns, profit & loss statement, balance sheet)
- Bank statements for the last one year
- GST Certificate
- Business Profile
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What will be the maximum amount one can get by a commercial property loans?
One can get a maximum of Rs.500 Crores against a commercial property. Generally, loan amounts ranging from Rs.1 crore to Rs.500 Crore are offered under this type of loan.
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What is the maximum repayment tenor one can get?
One can get a repayment tenor from four years to ten years depending upon the borrower's credit rating.
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Who is eligible for the Commercial property loans?
A borrower who has a commercial property with a clean title and a business or rental income to secure the repayment of this new loan is eligible.
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What are the documents required while applying for a Commercial property loans?
A chain of property documents along with the KYC of borrowers & co-borrowers, financials, and bank statements are required to process this loan.
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How much loan can be borrowed against a valuation of commercial property?
One can borrow 50 to 60% of the market value of the property. Moreover, it also depends upon the repayment history of the borrower, a good repayment track of other loans can help in getting the maximum loan amount.
