Commercial Property Loan- Everything You Need To Know

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Commercial Property Loan- Everything You Need To
Know
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Why you Need Commercial Property Loan?

• A commercial property loan is essential for
  businesses to acquire or expand physical spaces
  for operations. It provides necessary capital for
  purchasing, renovating, or constructing
  commercial real estate, enabling businesses to
  optimize their physical infrastructure and
  enhance productivity, ultimately contributing to
  their growth and financial stability.

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Benefits of Commercial Property Loan

• The biggest advantage of a Commercial Property
  Loan is the low interest rate at which you can
  get a loan.
• The second advantage is that you get a good LTV
  ratio of up to 90 of the property value
  (depending on the loan amount you seek)
• The third advantage of keeping a commercial
  property as collateral is that in the unfortunate
  event that you are unable to repay the loan, your
  residential property remains untouched.

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Eligibility Criteria Required for Commercial
Property Loan

• For Salaried Applicants
• Applicants must be residing Indian citizens with
  a property located in a city we operate in
• Applicants must be aged between 28 to 60 years
• Applicants should be employed by a public/private
  firm or an MNC for at least 3 years
• Ideal CIBIL score must be 750 plus
• For Self-Employed Applicants
• Applicants must be residing Indian citizens with
  a property located in a city we operate in
• Applicants must be aged between 25 to 70 years
• Applicants should have a vintage of at least 5
  years at their current business
• Ideal CIBIL score must be 750 plus

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Documents Required for Commercial Property Loan

• Mandatory documents PAN Card or Form 60
• Proof of your identity and residence Aadhaar
  Card/Voters ID/Driving License/Passport
• Proof of income Latest salary slips, bank
  account statements for the last 3 months, Income
  Tax Returns, etc.
• Property-related Buyer agreement/title deed,
  etc.

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How to Apply for Commercial Property Loan?

• Fill the ?Loan Against Property application
  form with personal details, such as name, date of
  birth, address, and contact details
• Provide your income details to help with the
  selection of the best deals as per your financial
  standing
• Proceed to submit the application form

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BAJAJ HOUSING FINANCE LIMITED Cerebrum IT Park,
5th Floor B2 Building, Holy Cross Rd, Kalyani
Nagar, Pune, Maharashtra 411014 Phone number
91 8698010101 Email id bhflwecare_at_bajajfinserv.i
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