Loan Against Commercial Property


At Shriram Housing, we always strive to ease our customer’s path of success. We provide you loan facility against an existing fully completed commercial property for your business expansion or any personal use like medical emergency/marriage expense/education etc.

Eligibility

  • You have to be an Indian Resident
  • You have to be of minimum 21 years at the time of application
  • You can be a salaried or a self-employed individual
  • Your loan eligibility will be derived on basis of your repayment capacity as well as the value of property under consideration

Benefits

  • Business expansion
  • Marriage, medical expenses, education, travelling and other personal needs
  • Purchase of plant and machinery or any industrial equipment
  • Transferring your loan to Shriram housing for better services and long tenure loans
  • Debt consolidation

Tenure

Maximum loan tenure of 12 years subject to:
  • Your retirement age will be considered if you are salaried
  • Your age at maturity will be considered if you are self- employed

Loan Amount

  • Minimum loan amount is 1 Lac &
  • Maximum loan amount is 150 lac
  • Subject to 50%* of the property value and repayment capacity of the borrower

Repayment Options

  • Electronic Clearing System (ECS)/Post Date Cheques (PDC) /NACH

Rate of Interest

  • We offer you floating rates, which are linked to Shriram Housing’s Prime Lending rate (SHPLR). Currently, SHPLR is 15%.
*Terms & Conditions apply. Credit at sole discretion of SHFL.


I authorize Shriram Housing Finance Ltd. representative to call/sms/email me with reference to my enquiry