Commercial Property Loan (NRP)

loan against property in rural area
  • If a customer wants to start a business, SMHFC's Commercial Property Loan (NRP) will allow them to purchase a place/ property to kickstart business/ work.
  • With Commercial Property Loan (NRP), customer can purchase or construct a commercial property.
  • Get loan of upto Rs. 35 lakh with maximum tenure of 15 years.
  • Eligibility & Documentation

    As applicable, 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 lakh (higher amounts can be considered on exception basis).
    Tenure Maximum 15 years.
    Interest Rate 13.5% onwards
    Processing Fee 2% - 3% (+GST) of the loan amount
    Prepayment Charges NIL
    Loan to Value 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
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Rate / terms could be subject to change at management's discretion

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