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COMMERCIAL PROPERTY PURCHASE LOAN

The real estate market in India continues to be in a state of speedy development. Owing to a business-friendly environment several Indians are taking up the gauntlet of running their own enterprises. This necessitates the purchase of commercial property to set up business headquarters. A company will also require premises for the storage of machinery and equipment, or a smaller premise for back-office operations. For all of this, the company needs a steady stream of revenue that will facilitate the property purchase. In the absence of the requisite funds at hand, businesses can avail of a finance solution known as the Commercial Property Purchase Loan.


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​​​Is Commercial Property Purchase Loan for you?

The property loan effectively propels your immediate and future financial goals towards fruition. You can avail of the funding for various purposes such as for a new office space or a retail outlet, either or both of which may be ready for purchase or under construction. The Commercial Property Purchase Loan can ease the process of acquiring the desired property before market trends push up real estate costs further.

Why Commercial Property Purchase Loan?

We offer invaluable financial assistance to customers who intend to purchase commercial property for their business. The funds thus procured can help businesses actualise their expansion and diversification goals.

Features of Commercial Property Purchase Loan

  • Collateral: Commercial property
  • Tenure: Up to 15 years
  • Maximum loan amount: upto 65% of property value
  • Eligibility: Evaluation on the basis of the income eligibility programs as defined by ABFL from time to time.
  • Other benefits: Attractive interest rates; easy repayment option through EMIs or structured repayment; door-step services, balance transfer options.

STANDARD SCHEDULE OF CHARGES

The following standard schedule of charges that are applicable on your loan are mentioned in the table below.

It is subject to change from time to time on discretion of ABFL. Any GST as applicable on the Charges as per below schedule shall be payable by the Borrower.
Transaction Charges
Fore-Closure Charges: Standard: 4% of prevailing principal outstanding amount plus amount of principal part paid during preceding 12 months. Applicable GST/Govt. Taxes extra. For the subject loan application: Please refer page no. 1 and/or 2 of this sanction letter. Any foreclosure charge offered less than standard charges will be applicable only in case of NIL bounce in applicants’ any of the loans with ABFL during the currency of the loan granted vide this sanction letter; Standard charge mentioned here will be applicable otherwise.
Part Prepayment Charges Standard: 25% of the principal outstanding as on 1st April of the given financial year will be allowed to be part paid without any charges. 4% + GST/Govt. Taxes will be applicable on part payment in excess of 25% in given financial year. For the given application: Please refer page no. 1 and/or 2 of this sanction letter. Any part prepayment charge offered less than standard charges will be applicable only in case of NIL bounce in applicants’ any of the loans with ABFL during the currency of the loan granted vide this sanction letter; Standard charge mentioned here will be applicable otherwise.
All Individual loans (where all applicants and co-applicants on the loan structure are individuals only, i.e no entity is on loan structure) No foreclosure charges applicable
Other Charges: Default Penal Interest Rate / Non Conformance with any covenants / stipulated conditions (at the sole discretion of ABFL) 24% p.a. i.e. 2% per month
Cheque Return Charges/ECS/SI/NACH failure charges Rs 1000/- per instance
Accrued Interest As applicable based on actual delayed status or as communicated by the lender from time to time
Cancellation Charges if any 4.00% of loan amount sanctioned
Closure charges for OD/LOC (Standard charges) 4% of prevailing limit at the time of closure
Request for copies of documents of any collateral held with ABFL per instance Rs 2500/- per instance
Duplicate Statement/ Repayment Schedule / FC statement / any other document held with ABFL request FC Statement: Rs. 1500/- per instance
RTR: Rs 1000/- per instance
Other statements: Rs. 200/- per instance
GST extra as applicable
Charge For Exchanging PDCs, Security Cheques (Per Set) / ECS /NACH Rs 1000/- per instance
CIBIL/Credit report retrieval fee Rs 50/- per instance for Consumer and Rs. 500/- for Commercial CIBIL/Credit report
Loan Re-schedulement (on request from applicants, approval to be at sole discretion of ABFL) charges per instance 2% of the prevailing loan outstanding
NOC issuance charges per instance Rs 1000 + GST
Swap/Conversion Charges (Fixed rate to floating and vice-versa, at sole discretion of ABFL) (on request from applicants, approval to be at sole discretion of ABFL) per instance 3% of the prevailing loan outstanding
Property swap charges (on request from applicants, approval to be at sole discretion of ABFL) 3% of the prevailing loan outstanding
  • Stamp Duty
  • Legal and other statutory charges
  • Insurance Premium
  • Creation charge with ROC
As per actual, where applicable

Next steps...

Do you want complete product details? Download the brochure.

If you want to apply for Commercial Property Loan, download the application form.

Our Relationship Manager can meet you at your convenience.

Do you have questions?

Call 1800 270 7000 or write us at care.finance@adityabirlacapital.com. ​

Toll free (Within India):

1-800-270-7000

Email on:

care.finance@adityabirlacapital.com

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