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  • DHFL Commercial Property Loan

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  • A commercial property mortgage is mostly sought by those who who are interested starting or expanding their establishment; basically those who believe in being their own boss. This step needs a certain level of courage and vision, which not many banks identify with. A few also invest in it to rent it out. It could be an office complex, a plot bought with the purpose of starting any retail business, apartment building, or even a warehouse. Sometimes, the profits made as rent or lease from these assets will be utilized to settle the loan. A marked difference can be seen with the application procedure as well as criteria of a commercial property when you compare it to that of a home loan. Even if you property is going to be used for both business and residential purpose, it is up to the bank to decide which loan would be meted out based on the ratio of space taken for both. But majority of financial institutes has made it easy for the customer to apply and avail the loan to start or further their business. If you are actively searching for a new office building to either shift your current enterprise, expand it or start a new business, DHFL is the place to get the required finance. Not only does the bank help you to get a customized commercial property loan, but also assist you to find and finalize a property.

    Features & Benefits of DHFL Commercial Property Loan:

    • DHFL Commercial Property Loan are greatly customized keeping in mind the income range of the small and medium scale retailers and offers that flexibility accordingly.
    • Whether you are salaried or self-employed, rest assured that you will be granted the maximum finance as per your eligibility.
    • You can choose a loan tenure from three to 15 years.
    • The interest rates are reasonable.
    • There is no lengthy document requirements only the basic ID, Age, Address and Income Proofs, which can be done online too.
    • A DHFL representative will come to your home or office at a time convenient for you to take you through the process.
    • All DHFL loan customers enjoy the Step up and Step down EMI facility.
    • Keeping in mind the diversity of the DHFL clientele, there are plenty of specialized schemes offered.
    • Appraisal of your loan application is not only based on your annual income but also on the type of business you are running and other related criteria.
    • DHFL provides special substitute income program for self-employed .
    • Mortgage Reducing Term Assurance (MRTA) indemnity policies that cover your remaining loan in case of any contingency or your absence is also available.
    • The entire procedure is transparent with no hidden charges or clauses. There is only a one time processing fees levied.
    • People often complain about post loan hassle, which will never happen if you are a DHFL customer; their customer service is that impeccable.

    Other options:

    • You are given a host of choices in the commercial property loan schemes.
    • You can apply for this loan to buy a readymade office space or one which is being constructed or a pre-launch property.
    • You may use the loan to buy a commercial plot to construct a building, office or storehouse for commercial purpose.
    • The current shop or office in use can be extended or renovated using the DHFL finance.
    • In case you want to transfer your loan (refinance), you can apply for that too. The application procedure will be the same.
    • Transferring the balance is one way to bring down the interest rates.
    • There are more options of top up loans along with Balance Transfer for your individual use or commercial purpose.

    Variants of DHFL Commercial Property Loan:

    i. Shop Extension Loan: DHFL’s Shop Extension Loan facilitates the addition of space to your current commercial property in use. It could be adding more rooms to the unit or building another shop attached to the old one or even adding a reception area. This will be approved on the basis of evaluation of the current business by an authorized civil engineering agency and if the required regulatory sanctions are in place.

    ii. Shop Improvement Loan: The Shop Improvement Loan product offered by DHFL enable the repairs required inside and outside the commercial unit. it also entail essential renovations like compound paving, fixing windows, fixing grills, fixing partitions, flooring, electrical work, painting, plumbing works, roofing, tiling, waterproofing, wiring among others.

    iii. Plot + Construction Loan: With this loan from DHFL, you can apply for a plot loan as well as a construction loan which will aid you with the backing needed to get a piece of land and build your own business unit in it.

    iv. Construction Loan: DHFL also offers finance for you to construct your commercial building on the land you already own.

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