Hero Housing Finance Commercial Property Loan

A commercial property loan from Hero Housing Finance was launched for business professionals to purchase or renovate a commercial space such as an office building, shopping complex or restaurant. Benefits include funding for various property types, including Lal Dora, Freehold, Gram Panchayat, Society Patta, Municipal Corporation, and Gunthewari Property. Hero Housing Finance provides the highest loan eligibility in the market, offers doorstep services, and sanctions loans within 48 hours (terms and conditions apply). Applying for a Hero Housing Finance commercial property loan is easy and hassle-free with Urban Money.

Hero Housing Finance Commercial Property Loan Features

The Hero Housing Finance commercial property loan offers several key features: attractive interest rates, funding for various property types such as Lal Dora, Freehold, and Gram Panchayat, the highest loan eligibility in the market, and convenient doorstep services with a simplified documentation process. Additionally, loans are sanctioned within 48 hours. Lastly, this loan features an easy online application process for fully constructed shops and offices.

Hero Housing Finance Commercial Property Loan Interest Rate

The key highlights and interest rates for Hero Housing Finance commercial property loans are as follows:

Hero Housing Finance Commercial Property Loan Eligibility Criteria

Hero Housing Finance has its own eligibility criteria for availing of its commercial property loan:

• Type of Employment: Salaried or self-employed individuals
• Age:
  • Salaried: Up to 65 years or retirement age, whichever comes first
  • Self-employed (non-professionals and professionals): Up to 70 years

Hero Housing Finance Commercial Property Loan Documents Required

Hero Housing Finance will be asking for the following documents from you if you wish to avail of their commercial property loan:

Proof of Identity, Residence, and Age:

• Aadhaar card, PAN card, valid passport, voter ID card, or driving license (any combination meeting all criteria)

Proof of Income:

• Form 16 for the last 2 years
• Salary slips from the past 3 months
• Bank statements reflecting salary credits for the past 6 months
• Appointment letter with salary details if the current job is less than a year old

Property Related Documents:

• Copy of the buyer agreement, sale deed, or allotment letter
• Receipts for payments made to the seller, developer, or builder

Hero Housing Finance Commercial Property Loan Fees & Charges

Following are the disclosed fees and charges of the Hero Housing Finance commercial property loan:

Hero Housing Finance Commercial Property Loan Terms & Conditions

Hero Housing Finance offers commercial property loans secured by a mortgage on the acquired or constructed property, with loans up to 65% of the property’s value. Borrowers can choose between fixed or floating interest rates; the loan tenure can extend up to 15 years. Applicants must submit proof of identity, address, income, and property documents. If the loan is not fully repaid by the end of the term, the bank may repossess and sell the property to recover the owed amount. Therefore, it’s crucial to carefully evaluate your financial capability and repayment plan before applying.