Commercial Purchase Loan
All kind of businesses needs a stable operating place in its running time. It may be a small shop, an office, or a huge business complex. Businessmen need a property to run their respective businesses. Purchasing a commercial property for a business requires huge investment. This investment cannot be afforded with a business loan as it due to the interest rate, tenure and amount does not add up. So many banks and NBFCs provide a Commercial Purchase Loan to buy a property for commercial and business use only. We can purchase shops, showrooms, commercial buildings, etc., under this loan. We can acquire the loan for under construction as well as fully completed ready to move in property. Commercial Purchase Loan is a secured type of loan so that the property is kept as a mortgage to the lender until the borrower pays the loan in full in given period. The amount to purchase the property is decided on the basis of applicant’s credit history, demographics and ability to repay the given loan. The borrower is supposed to pay off the principal amount of loan with interest in the given tenure.
Reasons to get a Commercial Purchase Loan with Call4Loan
Types of Home Loan
These loans are offered to those borrowers who are looking for the purchase of either a house or a flat.
Home Construction Loans are specially meant for the construction of a new home. Here If, the plot on which construction is being carried out is purchased within a period of one year, then the cost of the plot is also included as the component for the valuation of total cost of the property. But in case the date of purchase exceeds one year to the date of application then the cost of plot is not included as the component for the valuation of total cost of the property.
Home Extension/Improvement Loans are offered to meet the cost incurred on extension/alteration of an existing house.
Home Conversion Loans are offered to those who want finance for the purchase of another home by swapping with the already existing home on which loan is already sanctioned.
Land Purchase Loans can be availed for purchasing new residential land/plot.
Bridge Loans are offered for selling the existing home and purchasing of another home. The bridge loan supports in the finance of new home, until a buyer is found for the old home.
Balance Transfer of the loan is shifting the balance of an existing home loan to another company may be at better rate of interest or due to some service issues
Land Purchase Loans can be availed for purchasing new residential land/plot.
NRI Home Loans are meant for Non-Resident Indians who wish to build or buy a home or property in India.
Key Features & Benefits of Commercial Purchase Loan
- Rate of interest starts from 6.99% onwards for Home Loan.
- We help you acquire loans with less documentation.
- Loans can be acquired in 7 working days.
- We offer you doorstep services for your convenience.
- Customers can choose a bank of their choice to avail the loan.
- There are no hidden charges.
- We give our services very quickly.
- All types of after-sales services are also available, such as Take over, Top-up and Balance transfer, etc.
Frequently Asked Questions
Yes, subject to terms and conditions, you may have the option to switch between fixed and floating interest rates.
Maintaining a good credit score, stable income, and providing accurate documentation can enhance your chances of loan approval.
PMAY (Pradhan Mantri Awas Yojana) is a government scheme offering financial assistance for homebuyers. Eligible applicants can benefit from subsidies.
Yes, you can get pre-approved for a home loan, which helps in the home-buying process.
The required Proof of Income documents may vary, but providing comprehensive documentation strengthens your loan application.