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.

Rewards

Get

Rewards

1 reward point on every 100 spends on debit card

15% discount

Get

15% discount

1 reward point on every 100 spends on debit card

Free

Get

Free

Cash withdrawal on Utkarsh Bank ATMs

  • 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]

Pre-Closed by

Pre Closure Charges

Upto 6 Months 6% of outstanding Principal portion of the loan and applicable taxes
During 07 to 24 months 4% of outstanding Principal portion of the loan and applicable taxes
During 25 months to  36 months 3% of outstanding Principal portion of the loan and applicable taxes
More than 36 months 2% of outstanding Principal portion of the loan and applicable taxes
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
gift-icon
Apply to Loan for Purchase of Commercial Property

Loan calculator

Amount ()

1 Lac

10 Cr

Tenure ( )

1 Month

120

Interest Rate (%)

1%

31%

line-chart-pattern-bg
Equated Monthly installments (EMI)

2,10,651

Need more Information?
Deposit Amount
Interest Earned

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.

Blogs

How to select the perfect Savings Account

Read more

Fixed Deposit Vs Public Provident Fund : Which is Better?

Read more

Everything you need to know before taking a loan for home

Read more

Top media stocks in India : Entertaining Income

Read more

You may also be interested in

Savings
Savings

Earn upto 7.50% p.a. on your Savings Account, with Quarterly credits

Deposits
Deposits

Earn interest rates upto 8.50 % p.a. and 9.10% p.a. for Senior Citizens

Loans
Loans

Get Loan amount upto 10 Crores with Flexible Tenure upto 15 years

Explore offers on debitcard
Insurance & Investment

Turn your surplus funds into security, for a better tomorrow

go-to-top

TOP