Invest Smart, Grow Your Business, Secure Your Property
Whether it’s buying office space, a retail store, a warehouse, or an industrial unit, Mera Loan Doctor helps you acquire commercial property quickly and efficiently. With our strong network of 100+ banking partners, you get competitive interest rates, flexible repayment options, and faster approvals—so you can focus on growing your business while we take care of the financing.
Features of Commercial Property Purchase Loan
- High loan amounts based on property value and applicant profile.
- Competitive interest rates, typically lower than unsecured loans.
- Flexible repayment tenure, often up to 15–20 years.
- Loan can be used for purchase of office space, retail shops, warehouses, or industrial units.
- Ownership of property remains with you while availing the loan.
Loan Top-Up Eligibility
- Salaried professionals, self-employed individuals, business owners, and companies.
- Minimum age: 21 years; maximum age: up to 65 years (varies by lender).
- Clear credit history and good repayment capacity.
- Legal ownership and clear title of the commercial property.
- Financial stability and adequate income to service EMIs.
Documents required to apply for Loan Top up
- Identity proof (Aadhar, PAN, Passport, Driving License).
- Address proof (Utility bills, Passport, Voter ID, Aadhar).
- Income proof (Salary slips/IT returns/Bank statements for last 6 months).
- Property documents – sale deed, title deed, approved building plan, NOC from authorities.
- Passport-size photographs.
- Any additional documents requested by the lender.
Fees and Charges for Loan top up
- Processing fee (usually 0.5% – 1% of loan amount).
- Legal and technical valuation charges.
- Prepayment or foreclosure charges (varies by lender).
- Interest rate depends on property type, location, and borrower profile.
- GST and other statutory charges applicable.
FAQs on Loan Against Property
What is the maximum loan amount I can get?
Loan is sanctioned based on the property value, typically up to 70–80% of the property cost, depending on the lender.
Can both individuals and companies apply?
Yes, both individuals and registered businesses can apply for this loan.
Is the property used as collateral?
Yes, the commercial property being purchased serves as collateral until the loan is fully repaid.
Can I get a long repayment tenure?
Yes, repayment tenure can range from 5 to 20 years depending on lender policies.
Can the loan be used for renovation of the commercial property?
Some lenders may allow partial financing for renovation, but the primary purpose should be purchase of the property.