Commercial Property Loan (NRP)

• 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.
  Delay Payment Charges	A maximum of 24% pa on the defaulted sum.
  To read document retrieval and other charges, Click Here

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• Calculators
• FAQs
  • What is a Commercial Property Loan?

    This is a loan availed to purchase a new or existing shop/office.

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Rate / terms could be subject to change at management's discretion