Commercial Purchase Loan

Features, Eligibility, Documents, and Fees.

A Commercial Purchase Loan is a specialized financial product designed to assist businesses in acquiring or investing in commercial properties. Whether you’re looking to expand your business premises, purchase an office space, or invest in real estate for commercial purposes, this loan offers the financial support needed to make strategic property acquisitions.

Eligibility:

Business Vintage: A minimum operational period may be required.
Turnover: A minimum annual turnover criterion showcasing business stability.
Creditworthiness: A healthy credit history and repayment capacity.
Nature of Business: Lenders may consider the type of industry and business stability.

Features:

Flexible Loan Amounts: Tailored to accommodate diverse commercial property investment needs.
Quick Processing: Expedited approval and disbursement processes for timely transactions.
Secured Nature: Generally secured against the commercial property being financed.
Competitive Interest Rates: Rates structured to be competitive and industry-relevant.
Customizable Tenures: Adjustable repayment tenures to align with business cash flow.
Expert Guidance: Dedicated support to help businesses navigate complex commercial property transactions.

Documents:

Business Registration Documents: Incorporation certificate, business licenses.
Financial Statements: Audited balance sheets, profit and loss statements.
Property Documents: Details of the commercial property to be purchased.
KYC Documents: Identity and address proofs of business owners.
Bank Statements: Business bank statements for the specified period.

Fees and Charges:

Processing Fee: Charged for processing the loan application.
Interest Rates: The cost of borrowing, either fixed or floating.
Valuation Charges: Applicable for assessing the value of the commercial property.
Legal and Technical Charges: For due diligence and documentation.
Prepayment Charges: Fees for repaying the loan before the stipulated tenure.
Late Payment Fees: Imposed for delayed EMI payments.

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