Whether or not any small or medium scale establishment must possess or rent their own office space is a debate that has been running for years. Some enterprises, like numerous trading establishments, might not have much say in this as most prime spots are bound to be way out of their leagues. Though it is simpler to rent or lease a place, the financial loss would be huge compared to one’s own spot. The feasibility of short-term lease work just fine for some people. Nevertheless for most small scale business people, present market conditions as well as attractive loan offers from bank at affordable rate of interest have made it possible to invest in buying a commercial property without much trouble. And as real estate market never depreciates, you can easily dispose the property or rent/ lease it out when you no longer need it.
Dhanalakshmi Bank has two variations under their Commercial Loan category, which are:
i. Finance to purchase a constructed commercial building space.
ii. Finance to buy an under-construction commercial plot.
Paperwork needed for every commercial property loan applicant are listed below:
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