Commercial Property Loan (NRP)
- If a customer wants to start a business, SMHFC's NRP commercial property loan will allow them to purchase a place/ property to kickstart business/ work
- With NRP commercial property loan, customer can purchase or construct a property on an approved commercial property
- Get loan of upto Rs 35 lakh with maximum tenure of 15 years
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Eligibility & Documentation
We at SMHFC understand that every customer has varied needs, sources of income and documentation availability. We provide tailor-made solutions based on customer requirements. The final eligibility of a customer is decided on a number of factors including, but not restricted to income stability, repayment capacity, past credit record, and positive verification.
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Rate & Charges
Loan Terms Loan Amount Minimum Rs. 1 lakh & maximum Rs 35 lakh. Higher amounts can be considered on exception basis. Tenure Maximum 15 Years. Interest Rate 13% onwards Processing Fee 2% - 3% (+GST) of the loan amount Prepayment Charges NIL Loan to Value LTV 70% Security Equitable mortgage (by deposit of title deeds) on the property being financed. A registered mortgage may be insisted upon wherever necessary. Repayment Through customer's electronic standing instruction (NACH) for all Equated Monthly Installments (EMIs). Other Conditions SMHFC will facilitate customers to take a mortgage redemption policy through SMHFC's tie up with HDFC Life. The exact insurance amount will depend on the age, loan amount & loan tenure. To read document retrieval and other charges, Click Here Swipe Table -
Calculators
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FAQs
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What is a Commercial Property Loan?
This is a loan availed to purchase a new or existing shop/office.
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What is a Commercial Property Loan?
Rate / terms could be subject to change at management's discretion
