Karnataka Bank Commercial Property Loan Interest Rate
10.5 % – 13.2 %
up to 1% of the loan Amount + GST
Union Bank of India Commercial Property Loan Interest Rate
10.5 % – 11.1 %
0.5% to 1 % of the loan Amount + GST
Compare Commercial Property Loan
Are you buying a commercial property? Whether you are buying a ready or under-construction commercial property like office premises or show room or industrial/manufacturing facility or a warehouse or an industrial/commercial land (approved by a government authorized department)
Use Credfico.com to find the best commercial property purchase loan, we work closely with all the leading Banks and NBFC to help you get the best commercial property loan including HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, SBI, BOB and several others. Interest rate start from 9.25 percent for a tenure of up to 15 years and loan amount can go up to Rs. 25 Cr or higher. We can assist individuals, firms and companies to raise a commercial property loan.
Compare commercial property purchase loan offers based on interest rate, tenure, buyer’s contribution/equity, processing fees, foreclosure charges and other T&Cs.
Documents Required For Commercial Property Loan
For salaried employees
Application form duly signed with passport size photographs.
Last 3 Years Income Tax Returns with Computation of Income.
Last 3 Years CA Certified / Audited Balance Sheet and Profit & Loss Account.
MOA /AOA in case of PVT ltd companies.
Partnership deed if any.
Creditor list of last 1 year.
Papers of property/Draft agreement.
Overview
“How to get a loan to buy an office space?” the most asked question these days. Getting a home loan is just like a piece of cake but getting funds to purchase a commercial space is a bit tough task. Commercial property is a property that is used for business purposes ranging from a small shop to a huge shopping complex. Commercial property includes offices of all kinds, hotels, restaurants or convenience stores. It is considered as the best way to finance the purchase of offices for business as it gives you an easy access to capital.
What Is Commercial Property Loan?
Commercial property loan is a loan that is taken to buy a property that is to be used for business purposes. While other loans like gold loan or say a credit card loan for that matter are typically made to individual borrowers, a loan for commercial property is often made to business entities such as corporations, developers, partnerships, and funds and trusts etc. This type of loan is a flexible and affordable solution with smaller term compared to residential loans. The property purchased will be taken as collateral.