Commercial property loans: Meaning, Benefits, and key considerations

1
Commercial property loans Meaning, Benefits, and
key considerations
2
What does Commercial Property mean?

• It refers to the property used to conduct
  business operations.

3
What is a Commercial Property Loan?

• You can only use the funds to purchase office
  space, a factory, or other commercial real
  estates.

4
What are the crucial considerations before
securing a commercial property loan?
5
Qualifying criteria and Documentation

• Check the documents and the minimum age, income,
  and experience required to qualify for this loan.

6
Tenure and Charges

• Check to see how long this loan can be taken out.
• Examine the interest rate and associated charges,
  such as processing and prepayment fees.

7
Maximum Amount

• Learn about your lender's minimum and maximum
  loan-to-value ratio.

8
Developer's Reputation

• Learn about the developer's previous projects.
• Check to see if any possession transfer issues
  have occurred in the past.

9
Other Specifications

• See if the property layout complies with the law.
• Ensure the property in question is not too old.
• Purchase a property in a good neighbourhood.

10
Advantages of securing a commercial property loan 

• You can get a substantial amount at affordable
  rates.
• The longer repayment tenure makes your EMI
  affordable.
• You can claim tax benefits on principal and
  interest payments.
• Property value appreciates over time.
• It allows you to generate passive income.

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• Commercial property loans make purchasing a
  costly office space appear simple.

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