Commercial Property Loan

A commercial property loan is a mortgage secured by a lien on commercial property. We were deals for providing a range of loans for purchase/ construction/ extension and improvement of commercial property in approved areas. This includes loans for office space, shops, retail, hotels, clinic or outlet.

We were promised you for best service providing for loans to purchase of a new or existing clinic or office. Loans for the extension, improvement or construction of an office or clinic.

We were suggests you for transferring your current outstanding loan availed from another Bank / Financial Institution.

Features & Benefits of Loan Against Property

The loan is available at very competitive rates of interest, currently available in the industry.
Option for different EMI amounts for different periods during tenure of loan to suit customer’s repayment capacity
Loan to NRIs as well as Persons of Indian Origin.
Simplified application form/procedures for convenience of customers, and speedy approvals.
Repayment upto 70 years also allowed to salaried employees having assured post retirement income.
Lowest processing charges.
Prepayment of Loan permitted. No prepayment charges under floating rate option.
Interest is calculated on daily balance basis which is of great advantage to customer as it results in lower interest amount.
Life Insurance Cover to borrowers for Loan Protection(optional).
Highly flexible - maximum 15 yrs. Loan to be normally repaid before date of retirement in case of salaried persons and before attaining 70 years of age in case of others.
Complete transparency in operations.
No Hidden costs or administrative charges.
We are promised you for providing the best LTV in the market.

Tax Benefits of Commercial Property Loan

It is important to note that you are not allowed any deduction for repayment of loan taken for commercial property under Section 80 C.you are allowed to claim depreciation also on the same commercial property along with the interest which you are paying on the loan taken to buy the property.

Taxation of Commercial Property Income

Applicable Tax Deductions

Standard deduction for repairs, insurance, electricity, water supply etc. is allowed at the rate of 30% of annual value. This deduction in available for both a let out (rented out) commercial.
Deduction of Interest is the deduction available on the interest paid on loan taken for purchase/construction/repair/reconstruction of commercial property. The processing fees and prepayment fee paid for commercial property loans is treated as interest and is eligible for deduction under Section 24.

Home Loan Calculator

Loan Amount	10 Year Loan	20 Year Loan	30 Year Loan
₹ 20 Lakh	₹ 26,154/-	₹ 23,614/-	₹ 21,188/-
₹ 30 Lakh	₹ 39,231/-	₹ 35,421/-	₹ 31,781/-
₹ 50 Lakh	₹ 65,385/-	₹ 59,034/-	₹ 52,969/-

* Terms & Conditions Apply.

Documents Required For Commercial Property Loan

Category	Self Employed
Proof Of Identity (Any One)	PAN Card/ Voter ID Card / Aadhar Card / Valid Passport.
Proof Of Residence (Any One)	Aadhar Card / Utility Bills/ Voter ID Card/ Valid Passport/ Driving License.
Proof Of Income	Income Tax Returns coupled with the computation of income of both the applicant and the business entity (attested by a certified CA) for the last 3 assessment years. Balance Sheet and P & L account statements with Annexures/Schedules of both the business entity and the applicant (attest by a certified CA) the last 3 years. Savings account statements of the applicant and the current account statements of the business entity for the last 1 year.
Property Related Documents	Title Deeds of the Property Estimate for construction assessed by a Civil Engineer/ an Architect Encumbrance Certificate Photocopy of the plan sanctioned by Local Authorities
Other Documents	Business Profile Memorandum and Articles of Association of the Company Partnership deeds if the business entity is established as a partnership firm List of Shareholders and Directors with their respective shareholdings if the business entity is established as a company (certified by a CA) Bank account statements of both the individual and the business entity indicating details of ongoing loans if any. Processing fee cheque favouring the bank/financial institution Duly filled application form affixed with passport size photographs of all the applicants/co-applicants and signed across.