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  • Aditya Birla Finance Commercial Property Loan

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  • Overview:

    Investing in a property is one of the most viable opportunities today. At one end, we have the housing sector which offers to act as a shelter as well as an investment opportunity and at the other end, we have the commercial sector which promises to fuel our business interests. In this age of diverse business opportunities, an entrepreneur needs a definite base to operate the business. This fact is furthermore evident if the business deals with tangible products and requires a place to set up an office, fix machinery or store goods.

    It's quite a common practice in India to rent/lease a commercial property for the purpose of operating and running the business. In a longer term, it might make sense to invest in buying a property since rentals and maintenance are always on the rise. Owing to rising costs of acquiring a property, business operators can reply upon a readily available financial instrument such as a Commercial Property Loan which offers to fund a large chunk of money involved in procuring the property.

    About Aditya Birla Finance:

    Aditya Birla Finance Limited was incorporated in 1991 as a Non-Banking Financial Company (NBFC). It offers a variety of financial products and solutions in the areas of Corporate Finance, Capital Markets, Real Estate and others.

    Aditya Birla Finance offers Commercial Property Loan for a variety of needs such as starting a new business, expansion, purchasing a new premise and so on.

    Features & Benefits of Aditya Birla Commercial Property Loan:

    Loan Tenure:

    The borrower gets up to 15 years to repay the loan in EMIs (Equated Monthly Installment) as per their financial convenience.

    Minimum Loan Amount:

    The minimum loan amount offered under this scheme is up to 60% of the LTV (Loan to Value), making it a lucrative deal for the borrower. The upper cap depends on the eligibility and other conditions.

    Personalized Service:

    Aditya Birla offers doorstep service for your loan requirement. All the formalities and collection of paperwork happens at your place without having to visit the branches frequently.

    Balance Transfer option:

    This product also offers to take over existing loans with other institutions where you can save considerable amount of interest charges by way of balance transfer.

    Eligibility Criteria for Aditya Birla Commercial Property Loan:

    • The minimum age of the applicant should be at least 21 years.
    • The maximum age of the applicant should be 60 years upon loan maturity.
    • The income earned should be from stable sources and should meet the criteria.

    Documents Required for Aditya Birla Commercial Property Loan:

    Salaried
    • Proof of identity and address such as Voters id, Passport, PAN Card and other acceptable documents.
    • Latest payslips (last 3 months) along with recentmost Form 16.
    • Bank statements of last 6 months.
    • Title deeds of the property and sanctioned plan.
    Self-Employed
    • Proof of identity and address such as Voters id, Passport, PAN Card and other acceptable documents.
    • IT returns of last 2 years and income computation from a Chartered Accountant for the same duration.
    • Bank statements of last 6 months.
    • Title deeds of the property and sanctioned plan.

    Aditya Birla Commercial Property Loan Fees & Charges:

    Processing Fee: A fee of up to 2% of the disbursed loan amount is billed under this category towards loan processing and handling of paperwork.

    Pre-payment Charges: Pre-closure after 12 months from the loan disbursement does not attract any penalty. 

      

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