Loan for Purchase of Commercial Property
Utkarsh Small Finance Banks assists you for purchasing new commercial property for your business expansion.
These loans are provided to self-employed professionals and non-professionals that meet our eligibility criteria to purchase commercial property.
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Loans starting from 10,00,000 to 5,00,00,000.
Loan tenure: 3 years to 15 years
Repayment in Equated Monthly Installment (EMI)
Foreclosure Allowed during the tenure of the loan
NACH/SI allowed for loan repayment
KYC
Application form
Agreement to Sale
Documents as per product norms
|
S. No |
Charge Name |
Charges |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| i. | Processing Fee* | Upto 2% of Loan Amount + Applicable taxes | ||||||||||
| ii. | Account Maintenance Fee [For on MSME Loans up to 5 Lakh] | Upto 2% of Loan Amount + applicable taxes | ||||||||||
| iii. | Pre Closure Charges [Loan Priced at Fixed Rate of Interest] |
|
||||||||||
| iv. | Part Prepayment Charges [Loan Priced at Fixed Rate of Interest] | 4% of the Pre-Payment amount towards principal and applicable taxes | ||||||||||
| v. | Cheque /NACH/ SI Bouncing Charges | 300 + Applicable taxes | ||||||||||
| vi. | Penal Interest on Overdue EMI | 2% month on the Overdue EMI for the Overdue Period | ||||||||||
| vii. | Legal/Valuation Charges | As per actuals | ||||||||||
| viii. | Duplicate Interest and Principal Certificate issuance Charge | 250 + Applicable taxes | ||||||||||
| ix. | Duplicate No dues Certificate / NOC issuance Charges | 250 + Applicable taxes | ||||||||||
| x. | Swap Charges [Cheque/Instrument] | 500/- per occasion of swapping of the ECS mandate/NACH/ Standing instruction mandate+ Applicable taxes | ||||||||||
| xi. | Duplicate statement issuance Charges | 250/- per instance per set + Applicable taxes | ||||||||||
| xii. |
Charges for subsequent set of Photocopy of loan agreement/ documents where requested by Borrower |
250/- per instance per set + Applicable taxes |
Apply to Loan for Purchase of Commercial Property
Loan calculator
|
Interest Rate 8.00% |
Interest Earned 3,50,452 |
|
Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
|
(Indicative interest rates for calculation only. click here for latest rates.) |
|
FAQs
You can apply for a loan starting from 10 Lakhs to 5 Crore.
The tenure for Loan for Purchase of Commercial Property is between 3 years to 10 years.
These loans are provided to self-employed professionals and non-professionals that meet our eligibility criteria.
You can either visit your nearest Utkarsh Small Finance Bank's branch or write to us at [email protected], let us know about your requirement and we will get in touch with you.
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