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Easy Commercial Property Loan

Commercial Property Loan Non Residential Property Loan

You can successfully achieve your professional goals when you put in hard work and effort. Along with that, you need the right workplace environment to ensure that you reach the heights of success, therefore, taking your professional dreams to the next level. Whether you are an entrepreneur, lawyer, doctor or CA, Grihashakti’s commercial property loan would be your proud partner in helping you acquire your ideal commercial real estate, thus taking you one step closer to achieving your business goals.

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LOANS ESPECIALLY FOR YOUR BUSINESS SPACES

Buying a new or resale commercial property
Buying a new or resale commercial property

Grihashakti provides loans for buying space for your business. If you have identified or in the process of identifying your office space, we can help you right from the time you choose a property till the complete payment of loan amount. We provide loans for both new and resale properties.

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Construction of commercial property
Construction of commercial property

Grihashakti provides loans for purchasing a commercial plot and constructing property on the same. If you have identified the plot, then we can assist you with the purchase of your dream plot and construction of property on the same.

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Loan against Property
Loan against Property

Grihashakti offers liquidity against your immovable property to meet your ever growing business needs. It allows you to take advantage of any opportunity that comes your way against the security of your residential/commercial/industrial property.

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*Interest rate applicable is per annum. Terms & conditions and charges apply. Details available on request. Loans at the discretion of Grihashakti (Fullerton India Home Finance Company Limited).

What Is A Commercial Property Loan?

Getting a Fullerton Grihashakti home loan is accompanied by a range of benefits.

Simply put, a commercial property loan is a type of loan that can be used to purchase real estate in order to run a commercial undertaking or business. You can also use the loan to renovate the property.

What Are the Types of Commercial Property Loans?

Grihashakti offers a range of loans for commercial property purchases or renovations. These include:

Loan to Purchase New Commercial Property: If your goal is to purchase a new commercial property then you should make an application under the ‘Loan to Purchase New Commercial Property’ category.

Loan to Purchase Resale Commercial Property: If you are interested in purchasing a used or a resale commercial establishment, opt for Grihashakti’s ‘Loan to Purchase Resale Commercial Property’.

Loan to Construct Commercial Property: If your dream is to build a commercial establishment from the ground up, then the category of loan that you should apply for is ‘Loan to Construct Commercial Property’.

What Are the Benefits of a Commercial Property Loan?

Availing of a commercial property loan comes with a host of benefits. These include:

Flexible loans to Purchase New, Existing Commercial Properties or Construct Commercial Establishments from scratch: Grihashakti’s commercial property loans are ideal for the purchase of any new or existing commercial space to start your business venture. Commercial loans by Grihashakti can be availed to finance the construction of a commercial real estate space from scratch.

Simple Eligibility Checks and Documentation: Grihashakti only requires applicants to meet its minimum eligibility parameters to avail of a commercial property loan. Successfully meeting the eligibility criteria is followed with a hassle-free documentation process.

Attractive Interest Rates with Convenient Repayment Tenures: Grihashakti offers a range of affordable commercial property interest rates in combination with simple repayments through easy monthly instalments across a convenient repayment tenure.

Ease of Online Application with Quick Processing: You can apply for a Grihashakti Commercial Property loan from the comfort of your home or office. Moreover, you can quickly get an estimate on your future monthly instalment outflow with the help of the convenient EMI calculator available on the website.

What is the Documentation Process to avail of Commercial Property loans?

Conveniently upload the soft copies of the required documents on Grihashakti’s website. The list of documents includes:

  • Proof of Identity: PAN Card, Voters ID, Driving License
  • Proof of Residence: Aadhaar Card, Latest Electricity bill/Piped gas monthly bill, Ration Card, Property Tax/Water Bill
  • Proof of Income for Salaried individuals: Last 3 months’ salary slips, 2 years’ Form 16, 6 months’ bank statements with salary credit
  • Proof of Income for Self-employed individuals: Last 2 years ITR with computation, CA audited Financial wherever applicable, 6 months bank statements
  • Property related documents will also need to be submitted along with the above list.

What Are the Applicable Charges on Commercial Property Loans?

Availing a Grihashakti Commercial Property loan attracts the following charges:

The processing fee for a commercial property loan is up to 3% of the loan amount.

Application fees are as follows:

  • INR 2,500 for a loan amount less than or equal to INR 10 lakhs
  • INR 3,500 for a loan amount between INR 10 to 25 lakhs
  • INR 4,500 for a loan amount between INR 25 lakhs to 50 lakhs
  • INR 6,000 for a loan amount above INR 50 lakhs

Documentation fees of

  • INR 1,500 for loan amount less than INR 25 lakhs
  • INR 3,000 for loan amount more than INR 25 lakhs.

Stamping fees are as per state laws.

FAQs

How does a commercial property loan work?

At Grihashakti, we offer a loan on the commercial property of your choice. The loan is sanctioned based on your eligibility, which comprises of multiple parameters such as existing obligations, credit score, property type, income level, individual documents, etc. A commercial property loan is basically a mortgage loan where the commercial space that you wish to purchase for business purposes acts as a security for the lender.

What is the loan to value ratio on commercial loans?

The general loan to value ratio on commercial loans falls within the 65% to 80% range.

What is the average repayment tenure for commercial loans?

The average repayment tenure for commercial property loans can range anywhere between 15 to 20 years depending on the terms and conditions.

Where can I apply for a Commercial Property Loan?

You can conveniently apply online for a commercial property loan online with Grihashakti. . Just click on the “Apply now” button on this page, and enter your details. Our representatives will get in touch with you to take your application further. Alternatively, you can call us on our toll free number 1800 102 1003 (available between 10:00 AM - 7:00 PM on all days except Sundays, 4th Saturday of every month and public holidays). If you prefer meeting face to face, please feel free to visit your nearest Grihashakti branch.

  • Eligibility Criteria
  • Documentation
Salaried
  • Multinational Cos / Listed Public Ltd Cos / Govt.
  • Organizations Private Ltd Cos / Closely held or unlisted companies / partnerships /proprietorship firms
Self Employed
  • Self Employed Individual businessmen/ Sole Proprietorship
  • Self Employed Professional - Doctors /Architect's / CAs
  • Partnership Firms
  • Private Limited Companies/ Closely held/ Unlisted Companies.
Salaried

Proof of Identity

  • Pan Card
  • Voter's Card
  • Driving Licence
  • Employee Card

Proof of Income

  • Last 3 months Salary slips
  • 2 years Form 16.
  • 6 months bank statement with salary credit

Proof of Residence

  • Aadhar Card
  • Latest electricity bill / piped gas monthly bill
  • Ration Card
  • Property Tax/Water Bill

Co-applicant or Guarantor

Mandatory

Self Employed

Proof of Identity

  • Pan Card
  • Voter's Card
  • Driving Licence
  •  

Proof of Income

  • Last 2 years ITR with computation
  • CA audited Financials where ever applicable
  • 6 months primary bank statement

Proof of Residence

  • Aadhar Card
  • Latest electricity bill / piped gas monthly bill
  • Ration Card
  • Property Tax/Water Bill

Co-applicant or Guarantor

Mandatory

* Loans are at the sole discretion of Fullerton India Home Finance Co. Ltd.

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Happy Owners

Happy Homes
Mr. & Mrs. Vijaya Bhaskar Besta, Secunderabad
Pujan N. Maniar Family, Ahmedabad
Mr. & Mrs. Chandrashekhar Shashtrimath, Karnataka
Rupam Das Family, Kolkata
Mr. & Mrs. Kaithepalli Harishkumar, Vishakhapatnam
Mr. R Sarvanakumar, Chennai
N. Durga family, Chennai
P. Vasanthakumari family, Chennai
Mr. &Mrs. Rakoti Simhachala, Vishakhapatnam
Mr.Hemant Chandramani, Rajkot
Y. Sai Kumari Family, Vishakhapatnam

“Owning a home brings in a sense of satisfaction and pride. The representative from Grihashakti has delivered good service and made our walkthrough in loan process easy. My favourite part in the entire home is the living room, which I have decorated well with special care.”

Mr. & Mrs. Vijaya Bhaskar Besta, Secunderabad

“Nothing compares to the happiness, which you get on moving to a home of your own. We are thankful to Grihashakti for helping us to achieve this happiness – they delivered excellent services in all aspects. Ever since we have moved to our home, our business has been booming!”

Pujan N. Maniar Family, Ahmedabad

“We are really happy to shift to our own place. Thanks to Grihashakti team, who helped us with their good service. The new home is very lucky for us because after we shifted here, I started my own business.”

Mr. & Mrs. Chandrashekhar Shashtrimath, Karnataka

“Having a house of your own gives you a sense of security and fulfilment. Kudos to the Grihashakti team – they are very prompt in their services! Our home is very special to us as we bond together as a family and also spend quality time with friends.”

Rupam Das Family, Kolkata

“We were looking for a home of happiness and peace. Thanks to the Grihashakti team, who helped us to realise this dream of ours. Our home has been very lucky for us – ever since we have shifted to our new home, prosperity followed!”

Mr. & Mrs. Kaithepalli Harishkumar, Vishakhapatnam

“I was very excited when I moved to my first home. Along with purchase of my new home, I also needed some funds to renovate my home. Grihashakti has been very cooperative and made my loan process very smooth. I love the balcony of my house, where I see birds chirping every morning."

Mr. R Sarvanakumar, Chennai

“Our new house is very special to me as it was the first house after our daughter was born. With Grihashakti we completed the loan process very smoothly. I love the hall of my house, where I can watch my daughter play.”

N. Durga family, Chennai

“The best part of our new home is its locality! Situated near a children’s park, now our children get to play during evenings. Service from Grihashakti has been wonderful with speedy and hassle-free loan process.”

P. Vasanthakumari family, Chennai

“Having a home is a special feeling and we experienced this when we moved from our rented accommodation to our own home. We feel fortunate to come across Grihashakti, who made the entire loan journey so simple and fast. My favourite place in the home is the living room, where I can relax with my wife after a day’s work."

Mr. &Mrs. Rakoti Simhachala, Vishakhapatnam

“It was a great feeling to own my first home. I am thankful to Grihashakti for their assistance throughout the loan process. Now my home being closer to my workplace, I can spend a quality time with my family”

Mr.Hemant Chandramani, Rajkot

“Staying in a home of your own has its own comforts. And if it is your first home, the feeling becomes more special. Thanks to Grihashakti as they helped us to realise our dream. The entire home is very special to us as we build sweet memories every day.”

Y. Sai Kumari Family, Vishakhapatnam

“A home of your own makes you feel independent. My mother was so happy when I shifted her to my own home. Grihashakti has been really helpful in making the entire loan process smooth and hassle-free. The favourite place at my home is the living room where I can spend quality time with my mother.”

Ms.Reema Chandiramani, Bhopal

Our home being the first home of our own is very special to me. It has also been a symbol of security for us. Grihashakti has been really quick in their processes and helped us through the entire loan process. Every corner of our home reflects a part of us – happiness and peace!"

Mr. & Mrs. Dinesh Sharman, Bhopal

I really feel proud to own my first home. I am thankful to Grihashakti, as the employees were so cooperative that I didn’t have to visit the branch repeatedly. My favourite in the home is balcony, from where I can see the vast sky."

Ms.Anju Saini, Kishangarh

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