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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Eligibity & 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. Tenor Maximum 15 Years. Interest Rate 13% onwards Processing Fee 2%+ 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 tenor. To read document retrieval and other charges, Click Here Swipe Table -
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- FAQs
Rates / Terms could be subject to change at management's discretion
