Commercial Loan
(Non-Residential Property Loan)

commercial or non-residential property loans for LIG/EWS
  • Avail loan to purchase shop or office.
  • Maximum Loan of Rs 35 lakhs and maximum tenure of 15 years.
  • Get loan upto 70% of property.
  • 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.

  • Rate & Charges
    Loan Terms
    Loan Amount Minimum Rs. 1 Lakh & Maximum Rs 35 lakhs.
    Tenor Maximum 15 Years.
    Interest Rate 13% p.a.onwards.
    (SMHFC's PLR is 13%)
    Processing Fee 2%+ GST of the loan amount.
    Prepayment Charges NIL except for BT cases (2% on Principal Outstanding Amount).
    Loan to Value Maximum 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
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