(Non-Residential Property Loan)
- 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 HereSwipe Table
Get In Touch
Planning to take a loan
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“Owing to the informal nature of my work and no other financial support, all my loan applications were denied from various financial institutions.
“I always lived in a kuccha house. SMHFC helped me in financing the construction of a pucca house on my own plot of land.Owing to the informal nature of my work,
Kolkata, West Bengal
“I moved to the city of Kolkata 12 years ago for a better livelihood and stayed on rent in a kuccha house for a very long time. I dreamt about owning,