Loan To Construct Commercial Property in Coimbatore
Loan for Builders and Real Estate Developers at the low-interest rate in Coimbatore
Are you a business owner who wants to build new property but isn't sure how to go about it? A commercial property construction loan will offer you the necessary financial assistance to help you reach your objectives. Our Construction Commercial Property loan can help you achieve your dream of running a business. We provide a variety of loans for the purchase or construction of commercial property in approved locations at Easy Home Loan Finance. It covers loans for office space and retail shops.
- Easy Documentation
- The reasonable interest rate
- Easy EMI's Option
- Fast Sanction
Apply Loan for Plot Purchase & Construction in Coimbatore
Many people are interested in obtaining a loan for office space but are confused about how to go. Getting a home loan for residential property is becoming increasingly popular, easier to obtain, and available from banks and financial organizations. On the other hand, obtaining a loan for commercial property is difficult, and people's knowledge in this area is also restricted. We are here to help you. Contact us for further details.
Salaried Age
- Minimum Age- Minimum Age- 21 years
- Maximum Age- Income contributor - 70 yrs
- Govt. institution/ Public Sector Undertaking/ Private Sector Companies/ MNC
- Proprietorship concern (Individual / HUF)/ Partnership firm / LLP
- Institutions run by Trust / NGO / Society / other
- Minimum Age- 23 years
- Maximum Age- 70 years
- Self Employed Professionals: Qualified doctor (MBBS/MD/MS), CA, and Architect.
- Self Employed Non-Professionals, Business Owners, Proprietorship, Partners of Partnership
- Firm and Promoter/Director of closely held private and public limited companies
- However, the Director of listed Public companies will be treated as Salaried.
Salaried
- Income Tax Returns for the latest two years
- KYC Documents
- Form 16
- Bank statements for the last six months and salary slips
- Last 2 Years ITR With Competition / CA Audited Financials Where Ever Applicable
- KYC Documents
- Form 16
- Bank statements for the last six months.
What is the difference between commercial property and a commercial property construction loan?
Property utilized for the functioning of a business is referred to as commercial property. Retail space and retail outlets are the most common types of commercial property. These types of properties can be separated into two categories: under construction and ready-to-move-in. A commercial property construction loan is a type of finance granted by a lender against a piece of collateral for the purpose of building a commercial property.
Who is eligible for a Commercial Property Construction Loan application?
Salaried professionals working for a multinational corporation, a private or public limited company, a closely held unlisted company, a partnership or a sole proprietorship, and others are eligible to apply for a loan.
Self-employed professionals such as doctors, architects, and business owners are eligible to apply for a loan. Owners of privately held, closely-held, and unlisted businesses are all able to apply for a loan.
Applicants must be Indians.
Applicants must have a minimum CIBIL score of 700.
Applicants must be at least 21 years old at the time of application and no older than 65 years old when the loan matures.
Applicants must have a strong credit history and be able to repay the loan in a timely manner.