Title: Commercial Property Loan- Everything You Need To Know
1Commercial Property Loan- Everything You Need To
Know
BAJAJ HOUSING FINANCE LIMITED
2Why 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.
BAJAJ HOUSING FINANCE LIMITED
3Benefits 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.
BAJAJ HOUSING FINANCE LIMITED
4Eligibility 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
BAJAJ HOUSING FINANCE LIMITED
5Documents 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.
BAJAJ HOUSING FINANCE LIMITED
6How 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
BAJAJ HOUSING FINANCE LIMITED
7BAJAJ 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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