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Easy Commercial Property Loan
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Commercial Property Loan: Finance Your Business Growth

With SMFG Grihashakti’s commercial property loan, you can purchase, construct, or renovate your ideal workspace with ease. Our tailored loans for commercial property come with attractive interest rates, flexible repayment tenures, and straightforward eligibility criteria to support your business expansion. Whether you are exploring options for a commercial property purchase loan or a construction one, we have solutions designed for your needs.

Your business deserves the right space to grow, and owning a commercial property provides the solid foundation your professional goals need.

Let’s take a closer look at the key things you should know before you apply for a commercial property loan.

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LOANS ESPECIALLY FOR YOUR BUSINESS SPACES

Buying a new or resale commercial property
Buying a new or resale commercial property

SMFG Grihashakti provides loans for buying space for your business. If you have identified or are in the process of identifying your office space, we can help you right from the time you choose a property till the complete payment of the loan amount. We provide loans for both new and resale properties.

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Construction of commercial property
Construction of commercial property

SMFG Grihashakti provides loans for purchasing a commercial plot and constructing property on the same. If you have identified the plot, then we can assist you with the purchase of your dream plot and construction of property on the same.

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Loan against Property
Loan against Property

SMFG Grihashakti offers liquidity against your immovable property to meet your ever growing business needs. It allows you to take advantage of any opportunity that comes your way against the security of your residential/commercial/industrial property.

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*Interest rate applicable is per annum. Terms & conditions and charges apply. Details available on request. Loans at the discretion of SMFG India Home Finance Co. Ltd.

What Is a Commercial Property Loan?

A loan for commercial property  is a type of Loan Against Property designed to help individuals and businesses buy, construct, or renovate commercial real estate. Unlike a home loan, this facility is specifically meant for non-residential spaces such as offices, shops, or clinics. With a loan for commercial property purchase or a commercial property purchase loan , you can invest in the right infrastructure to scale your operations.

Key Benefits of a Commercial Property Loan in India

When you apply for a commercial property loan in India with SMFG Grihashakti, you enjoy:

  • Flexible options for purchasing new or resale properties through a commercial property purchase loan , or for the construction of commercial property through a dedicated loan for construction.
  • Simple eligibility criteria with minimal documentation requirements make it easier to secure a loan for commercial property in India .
  • Attractive interest rates with convenient repayment tenures, ensuring cost-effectiveness when you opt for a loan to buy commercial property .
  • Ease of online application and quick processing (subject to eligibility and documentation).
  • Access to a commercial property loan calculator to estimate EMIs instantly and plan repayment effectively.

Eligibility Criteria for a Commercial Property Purchase Loan 

Eligibility for a loan to buy commercial property  includes:

  • Salaried Professionals: Employees of multinational companies, listed public limited companies, government organisations, or private/closely held firms.
  • Self-Employed Individuals: Business owners, sole proprietors, or professionals such as doctors, architects, and chartered accountants with stable income.
  • Businesses: Partnership firms, private limited companies, closely held or unlisted companies meeting financial and eligibility requirements.

*Please note that these are only the basic requirements for a commercial property purchase loan. Other factors, such as age, credit score, repayment capacity, and SMFG Grihashakti’s policies at the time of application, will also be considered when determining final eligibility.

Check Your EMIs with the Commercial Property Loan Calculator

Estimate your EMIs instantly using the SMFG Grihashakti commercial property loan calculator. This tool helps you plan your finances effectively before applying.
<Insert Calculator>

Documents Required for a Commercial Property Loan

To avail of a loan for commercial property purchase or construction, applicants must typically submit the following documents:

  • Identity Proof: PAN card, voter ID, driving licence
  • Address Proof: Aadhaar card, latest electricity bill/piped gas monthly bill, ration card
  • Income Proof (Salaried): Past 3 months’ salary slips, 2 years’ Form 16, 6 months’ bank statement
  • Income Proof (Self-employed): Past 2 years’ ITR with computation, CA audited financial statements (wherever applicable), 6 months’ bank statement
  • Property documents as applicable
  • Co-applicant or guarantor documents, if applicable

*Please note that this is only the basic checklist for the commercial property construction loan or purchase loan. Additional documents may be required depending on the loan type, your individual profile, and SMFG Grihashakti’s policies at the time of application.

How to Apply for a Commercial Property Purchase Loan

Follow these simple steps to apply for a commercial property loan with SMFG Grihashakti:

  • Online Application: Click here to start your application.
  • Fill in Details: Fill out the application form with the requested information.
  • Follow-Up: Our representative will contact you to guide you through the next steps.

You can also reach us on our toll-free number 1800 102 1003 (available between 9:30 AM – 6:30 PM on all days except Sundays, the 4th Saturday of every month, and public holidays).
If you prefer, you may also visit the nearest SMFG Grihashakti branch to apply in person for a loan for commercial property .

Government Regulations & Tax Benefits on Commercial Property Loan in India 

The key tax benefits and regulations on commercial property loans in India include:

  • Interest paid on commercial property loans may qualify for tax deductions under applicable laws.
  • Standard deductions may apply for property-related expenses if the property is let out, up to a certain limit.
  • The principal portion of the EMI is generally not deductible in case of a loan for commercial property.

Note: Tax benefits vary based on whether the property is self-occupied or let out, and are subject to prevailing income tax rules. Please consult a tax advisor for personalised guidance.

Why Choose SMFG Grihashakti’s Loan for Commercial Property Purchase?

SMFG Grihashakti offers tailored commercial property loans designed to make buying or constructing your business space simple and cost-effective.

  • Wide Range of Options: Use the funds for purchase, resale, or construction of commercial property.
  • Attractive Interest Rates: Benefit from competitive rates and no hidden costs.
  • Quick Processing: Enjoy faster processing supported by seamless digital platforms.
  • Dedicated Support: Personalised assistance for both individuals and businesses at every stage of the loan journey.

Secure Your Commercial Property Loan Today!

The right loan for commercial property can be the stepping stone to business growth. With SMFG Grihashakti, you benefit from competitive terms, straightforward processes, quick approvals, and dedicated support at every stage. Take the next step today and apply for a commercial property loan online to secure your ideal business space.

FAQs on Commercial Property Loans

What is a commercial property loan, and how does it work in India?

A commercial property loan is a financing option to buy, construct, or renovate properties used for business purposes. The lender evaluates your eligibility and profile, sanctions a loan amount, and you repay it in EMIs over a fixed tenure.

What types of commercial properties are eligible for a loan?

Loans can be availed for office spaces, shops, showrooms, warehouses, factories, or any property used primarily for commercial purposes.

What is the maximum loan amount I can get for a commercial property purchase?

The maximum loan to buy commercial property depends on factors such as the property value, your income, credit profile, and lender policies at the time of application.

What are the eligibility criteria for a commercial property loan?

Eligibility is based on factors such as age, employment type, income, credit history, and business stability. Salaried professionals, self-employed individuals, and businesses can apply if they meet the lender’s requirements.

Which documents are required to apply for a commercial property loan?

Key documents include identity proof, address proof, income proof, bank statements, property documents, and co-applicant or guarantor details if applicable.

What is the interest rate on commercial property loans in India?

Interest rates vary across lenders and are influenced by the applicant’s credit profile, overall eligibility, loan amount, and tenure.

How is the EMI calculated for a commercial property loan?

EMIs are calculated based on the loan amount, interest rate, and tenure. SMFG Grihashakti offers an online commercial property loan calculator to help you estimate EMIs in advance.

Can I get a loan for both buying and constructing commercial property?

Yes, lenders typically provide financing for both purchasing ready-to-use commercial properties and constructing new ones, subject to eligibility.

  • Eligibility Criteria
  • Documentation
Salaried
  • Multinational Cos / Listed Public Ltd Cos / Govt.
  • Organizations Private Ltd Cos / Closely held or unlisted companies / partnerships /proprietorship firms
Self Employed
  • Self Employed Individual businessmen/ Sole Proprietorship
  • Self Employed Professional - Doctors /Architect's / CAs
  • Partnership Firms
  • Private Limited Companies/ Closely held/ Unlisted Companies.
Salaried

Proof of Identity

  • Pan Card
  • Voter's Card
  • Driving Licence
  • Employee Card

Proof of Income

  • Last 3 months Salary slips
  • 2 years Form 16.
  • 6 months bank statement with salary credit

Proof of Residence

  • Aadhar Card
  • Latest electricity bill / piped gas monthly bill
  • Ration Card
  • Property Tax/Water Bill

Co-applicant or Guarantor

Mandatory

Self Employed

Proof of Identity

  • Pan Card
  • Voter's Card
  • Driving Licence
  •  

Proof of Income

  • Last 2 years ITR with computation
  • CA audited Financials where ever applicable
  • 6 months primary bank statement

Proof of Residence

  • Aadhar Card
  • Latest electricity bill / piped gas monthly bill
  • Ration Card
  • Property Tax/Water Bill

Co-applicant or Guarantor

Mandatory

* Loans are at the sole discretion of SMFG India Home Finance Co. Ltd.

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Happy Owners

Happy Homes
Mr. & Mrs. Vijaya Bhaskar Besta, Secunderabad
Pujan N. Maniar Family, Ahmedabad
Mr. & Mrs. Chandrashekhar Shashtrimath, Karnataka
Rupam Das Family, Kolkata
Mr. & Mrs. Kaithepalli Harishkumar, Vishakhapatnam
Mr. R Sarvanakumar, Chennai
N. Durga family, Chennai
P. Vasanthakumari family, Chennai
Mr. &Mrs. Rakoti Simhachala, Vishakhapatnam
Mr.Hemant Chandramani, Rajkot
Y. Sai Kumari Family, Vishakhapatnam

“Owning a home brings in a sense of satisfaction and pride. The representative from SMFG Grihashakti has delivered good service and made our walkthrough in loan process easy. My favourite part in the entire home is the living room, which I have decorated well with special care.”

Mr. & Mrs. Vijaya Bhaskar Besta, Secunderabad

“Nothing compares to the happiness, which you get on moving to a home of your own. We are thankful to SMFG Grihashakti for helping us to achieve this happiness – they delivered excellent services in all aspects. Ever since we have moved to our home, our business has been booming!”

Pujan N. Maniar Family, Ahmedabad

“We are really happy to shift to our own place. Thanks to SMFG Grihashakti team, who helped us with their good service. The new home is very lucky for us because after we shifted here, I started my own business.”

Mr. & Mrs. Chandrashekhar Shashtrimath, Karnataka

“Having a house of your own gives you a sense of security and fulfilment. Kudos to the SMFG Grihashakti team – they are very prompt in their services! Our home is very special to us as we bond together as a family and also spend quality time with friends.”

Rupam Das Family, Kolkata

“We were looking for a home of happiness and peace. Thanks to the SMFG Grihashakti team, who helped us to realise this dream of ours. Our home has been very lucky for us – ever since we have shifted to our new home, prosperity followed!”

Mr. & Mrs. Kaithepalli Harishkumar, Vishakhapatnam

“I was very excited when I moved to my first home. Along with purchase of my new home, I also needed some funds to renovate my home. SMFG Grihashakti has been very cooperative and made my loan process very smooth. I love the balcony of my house, where I see birds chirping every morning."

Mr. R Sarvanakumar, Chennai

“Our new house is very special to me as it was the first house after our daughter was born. With SMFG Grihashakti we completed the loan process very smoothly. I love the hall of my house, where I can watch my daughter play.”

N. Durga family, Chennai

“The best part of our new home is its locality! Situated near a children’s park, now our children get to play during evenings. Service from SMFG Grihashakti has been wonderful with speedy and hassle-free loan process.”

P. Vasanthakumari family, Chennai

“Having a home is a special feeling and we experienced this when we moved from our rented accommodation to our own home. We feel fortunate to come across Grihashakti, who made the entire loan journey so simple and fast. My favourite place in the home is the living room, where I can relax with my wife after a day’s work."

Mr. &Mrs. Rakoti Simhachala, Vishakhapatnam

“It was a great feeling to own my first home. I am thankful to SMFG Grihashakti for their assistance throughout the loan process. Now my home being closer to my workplace, I can spend a quality time with my family”

Mr.Hemant Chandramani, Rajkot

“Staying in a home of your own has its own comforts. And if it is your first home, the feeling becomes more special. Thanks to SMFG Grihashakti as they helped us to realise our dream. The entire home is very special to us as we build sweet memories every day.”

Y. Sai Kumari Family, Vishakhapatnam

“A home of your own makes you feel independent. My mother was so happy when I shifted her to my own home. SMFG Grihashakti has been really helpful in making the entire loan process smooth and hassle-free. The favourite place at my home is the living room where I can spend quality time with my mother.”

Ms.Reema Chandiramani, Bhopal

Our home being the first home of our own is very special to me. It has also been a symbol of security for us. SMFG Grihashakti has been really quick in their processes and helped us through the entire loan process. Every corner of our home reflects a part of us – happiness and peace!"

Mr. & Mrs. Dinesh Sharman, Bhopal

I really feel proud to own my first home. I am thankful to Grihashakti, as the employees were so cooperative that I didn’t have to visit the branch repeatedly. My favourite in the home is balcony, from where I can see the vast sky."

Ms.Anju Saini, Kishangarh

Disclaimer: *Please note that loans are disbursed at the sole discretion of SMFG Grihashakti. Final approval, loan terms, and disbursal process will be subject to SMFG Grihashakti’s policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.

SMFG India Home Finance Co. Ltd.
CIN number: U65922TN2010PLC076972
IRDAI COR No: CA0948

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