Question 1

KYC Documents

Accepted Answer

Copy of Pan Card or Form 60
Copy of proof of identity (Aadhar number / Valid Passport / Valid Driving License / Voter’s Identity Card)
Copy of proof of address (Aadhar number / Valid Passport / Valid Driving License / Voter’s Identity Card)

Question 2

Income Documents

Accepted Answer

Copy of salary slip for last one month, or a Salary Certificate on the company letterhead (authorized by the signatory of the organization)
Copy of proof of employment for last 2 years (Form 16 or joining date on appointment letter or salary slip etc.)
Copy of salary account statement for last 6 months
Copy of proof of bonus for last 2 years (bank statement) or variable incentive for last 6 months (salary slip)

Question 3

Property Documents

Accepted Answer

Copy of current Registration or Draft Agreement for sale (only for Maharashtra) / allotment letter / stamped agreement for sale
Copy of Occupancy Certificate (fully constructed property) or approved plan copy (xerox blueprint)
Copy of Share Certificate (only for Maharashtra), maintenance bill, property tax receipt
Copy of payment receipts or bank account statement showing payments made to seller
Prior chain-link title documents

Question 4

KYC Documents

Accepted Answer

Pan Card or Form 60 is a mandatory requirement for the loan application processing
Proof of identity (Aadhaar number/ Valid Passport/ Valid Driving License / Voter’s Identity Card)
Proof of Address (Aadhaar number/ Valid Passport/ Valid Driving License / Voter’s Identity Card)

Question 5

Income Documents

Accepted Answer

Current Registered or Draft Agreement for Sale (only for Maharashtra) or Allotment Letter or Stamped Agreement for Sale
Prior Chain Link title documents
Occupancy Certificate (in case property is ready) or Approved Plan copy (Xerox Blueprint)
Share Certificate (only for Maharashtra), Maintenance Bill, Property Tax Receipt
Payment Receipts or bank account statement showing all the payments made to Seller

Question 6

Property Documents

Accepted Answer

For Under construction Home Loans – Approved Projects

Allotment Letter or Stamped Agreement for Sale
Payment Receipts or bank account statement showing all payments made to the Builder

For Resale Home Loans

Current Registered or Draft Agreement for Sale (only for Maharashtra) or Allotment Letter or Stamped Agreement for Sale
Prior Chain Link title documents
Occupancy Certificate (in case property is ready) or Approved Plan copy (Xerox Blueprint)
Share Certificate (only for Maharashtra), Maintenance Bill, Property Tax Receipt
Payment Receipts or bank account statement showing all the payments made to Seller

Question 7

KYC Documents

Accepted Answer

Pan Card or Form 60 is a mandatory requirement for the loan application processing
Proof of identity (Aadhaar number/ Valid Passport/ Valid Driving License / Voter’s Identity Card)
Proof of Address (Aadhaar number/ Valid Passport/ Valid Driving License / Voter’s Identity Card)

Question 8

Income Documents

Accepted Answer

ITR and Financial statements including P&L, Balance Sheet, COI & Schedules - 2 Years - certified by a Chartered Accountant
Practice Continuity Proof for 5 years
GST challans for last 1 or 2 or 3 quarter since filing of last returns
Tax Audit Report, if applicable
Bank statement showing Rental credits & Registered Rent Agreement, if applicable

Question 9

Property Documents

Accepted Answer

Current Registered or Draft Agreement for Sale (only for Maharashtra) or Allotment Letter or Stamped Agreement for Sale
Prior Chain Link title documents
Occupancy Certificate (in case property is ready) or Approved Plan copy (Xerox Blueprint)
Share Certificate (only for Maharashtra), Maintenance Bill, Property Tax Receipt
Payment Receipts or bank account statement showing all the payments made to Seller

Question 10

What is commercial property loan ?

Accepted Answer

It is a loan to finance the purchase of a new or existing commercial property. The funds obtained from this loan can be directed towards the construction, extension, or improvement of a commercial property.

Question 11

Who can avail a commercial property loan?

Accepted Answer

All customers,salaried or self-employed NRIs (professional and non-professionals) can avail of this loan.

Question 12

What is the maximum term I can avail for commercial plot loan ?

Accepted Answer

You can avail of a Commercial Property Loan for a maximum term of 15 years or till the age of retirement, whichever lower.

Question 13

What are the documents required for commercial plot loans?

Accepted Answer

Click here to know the documents required for Commercial Property Loan. For applicable fees and charges, refer to Schedule of Charges

Commercial Property Loans

Competitive Interest Rates starting at 9.75%

Loans up to INR 10 Cr.

Tenure of up to 25 Years

With our Commercial Property Loan, you can now purchase your commercial space or upgrade your existing property, enabling you to fulfill your dreams!

Key Benefits

Low Interest Rates

Resident

Salaried

9.75%

Non-Resident Indian

Salaried

9.75%

Business

Self Employed

9.75%

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Mandatory documents required for commercial property loan for

For Under construction Home Loans – Approved Projects

For Resale Home Loans

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