Commercial Property Loans :

Commercial Property Loan can be availed to buy a commercial property

Whether you are a salaried employee, business man, doctor, engineer, architect or a company who wishes to buy commercial property, we at Finwizz can help you get the best Loan deal for you for the property .

Finwizz's offers you a basket of options to choose from its wide relationship with Premier Banks and Financial Institutions, with over a decade of experience serving and pleasing customers. Few of the financial institution partnered with us for Commercial property loans are HDFC Bank, ICICI Bank, HDB,Bajaj,Aditya Birla, Tata Capital, Indiabulls, Kotak Mahindra, Reliance Commercial Finance & many others.

Finwizz Team will understand your requirement and propose a customized loan solution which offers the best loan amount, Rate of Interest, Processing Fee, Tenure etc., at one go.

You can soon be on your way to fulfilling your dream or promises made! Our representative are trained to help our customers find the best possible deal and assist you end to end from paperwork to disbursement with personal touch , anytime, anywhere., and absolutely free of charge!

What are Commercial Property Loans?

Commercial Property loans are meant to purchase commercial properties much like Home loans are meant to purchase residential properties.

Whether it is buying space for your first office or for subsequent branches or simply to invest in commercial real estate for rental income, Commercial Property loans are the answer.

Like Home loans and other property based loans, the consumer borrows from a lender (typically a Bank, an NBFC or a housing finance company), to purchase a commercial property and offers the same property to the lender as security.

When to apply?

You may apply for a commercial property loan after you have decided which property you are acquiring, However, even if you haven't made a decision on the property, you can still apply and your financier would be able to let you know what loan amount you are eligible for under their Commercial Property loan program.

Commercial Property Loans may be availed for:

• Purchasing a property within an under-construction commercial development.
• Purchasing a ready commercial property from its builder or its current owner.
• Purchasing a plot in a private development OR from a current owner Or a government development authority.
• Financing the construction of commercial building on a plot you already own
• Purchasing a Plot as well as financing the construction of your commercial property.

How is my eligibility determined for a Property Loan?

Your Property loan eligibility is determined after looking at the following:

• Current Income – Net income from all Sources
• Nature and continuity of employment or Business
• City of Employment/Business & Current obligations (Any existing EMI’s being paid , credit card outstanding & Credit limit available )
• Your Financial history & track record including CIBIL scores if available
• The lending bank or institution will also consider which property you are buying.
• In the event it is a property under construction by a developer, the credibility of the developer and past performance on their projects will also determine how much the lender is willing to lend against such a property.
• Most institutions lend up to 80% of the value of the property, provided the borrower can demonstrate the ability to pay the installment for such a loan.
• Having a Co-Applicant to your Loan against property
• In order to give the lender an accurate picture of your loan servicing capability as a family , you could choose to have one of your family members as a co-applicant to your loan. Any of the members of one’s immediate family may become co-applicants to a Loan Against property - this is however limited to Spouses, Parents & siblings.

To know your eligibility now or to apply, please call us on +91 80 465 77 000 or email us at sales@finwizz.com.

We Offer

• Loan with simple documentation, quick processing and disbursal.
• Enjoy the convenience of doorstep service
• Get the best in market interest rate for your personal loan
• You need not worry about collaterals or guarantors
• Try out the 'Balance Transfer Option' to get rid of high Interest current EMI’s and get slash up to 2% on interest rates on your current loan.