Analyzing every little thing is important before you opt for a loan against commercial property. Here are the factors you should consider.

1. All You Need to Know About Commercial
Property Loan

2. Introduction
• A Commercial Property Loan Is Taken To Purchase Or Renovate
Non-residential Properties
• These Loans Are Only Meant For Properties That Run A
Business

3. How Does It Work
• Loan Against Commercial Property Requires The Borrower To
Mortgage A Reliable Property For Approval
• Mostly, The Collateral Is Preferred To Be Another Commercial
Property And Not A Residential One

4. Who Can Avail It?
• Self-employed Professionals Such As Doctors, Charted
Accountants And Lawyers Are Eligible For It
• Business Owners Who Have Firms Are Another Category Eligible
For This Loan

5. Factors You Should Consider
• Consider Commercial Property Loan Rates, Additional
Repayments, Capitalized Interest And Offset Accounts
• Be Double-sure About The Interest Rate
• Make Sure Foreclosure Doesn’t Come With A Penalty

6. Factors You Should Consider
• Loan Amount Is The Key. The Borrowing Amount Ranges From
50% To 70% Of The Total Value Of The Property
• Do Not Fall For The ‘No Extra Charges Or Fees’ Feature Of The
Loan

7. Conclusion
• Cross-check The Eligibility Criteria And Explore Other Options In
The Market
• A Commercial Property Loan Offers Zero Tax Benefits

8. Thank You !
Would Love to Hear From You
Hero FinCorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel. 18001024145
Email Id: Corporate.Care@HeroFinCorp.com
Website: https://www.herofincorp.com/
Know more- All You Need to Know About Commercial Property Loan