IndiaBulls Commercial Property Loan

Your business journey to success could start with an Indiabulls commercial property loan. Eligible applicants can ideally obtain the necessary funds to purchase, construct, or renovate commercial properties. These may include offices, shops, hotels, warehouses, or almost any property related to your business. However, before finalising your decision, there are certain factors you should be aware of, such as Indiabulls commercial property loan's rate of interest, processing fees, eligibility, documents, and more. To assist you in making a more informed decision, Urban Money offers a complete overview of a commercial loan from Indiabulls. Let’s dive in.

Indiabulls Commercial Property Loan Features

The following are the expected features of an Indiabulls commercial property loan:

• Competitive interest rates 
• Personalised repayment plans  
• Easy-to-meet eligibility criteria
• Completely digital application 
• Quick fund disbursement 
• No hidden charges

Indiabulls Commercial Property Loan Interest Rates

The Indiabulls commercial property loan rate of interest and other key parameters are as follows:

Indiabulls Commercial Property Loan Eligibility Criteria

Let’s examine the applicable eligibility criteria for a commercial loan from Indiabulls:

• Age Limit: Your age should not exceed 75 years at the time of loan maturity.
• Income Requirement: You need a steady income to pay the monthly loan payments.
• Property Status: You must have a valid and clear title of the property to be mortgaged. 
• Nationality: You must be an Indian citizen.

Indiabulls Commercial Property Loan Documents Required

The required documents required for a loan for the purchase of commercial property in Indiabulls are given below:

• Proof of Identity: Aadhaar card, PAN card, passport, driving licence, election ID, etc.
• Proof of Income: Salary slips, Form 16, and bank statement. Self-employed individuals must require income-tax returns with financial statements and bank statements.
• Proof of Business: Business plan, balance sheet, P&L sheet, GST certificate, etc.
• Proof of Property: Sale agreement or deed of sale, letter of allotment, NOC from builder/society, etc.
• Additional Documents: Duly filled out application form, processing fee cheque, passport-size photographs of both the borrowers and the co-borrowers (if applicable).

Indiabulls Commercial Property Loan Processing Fees and Charges

Let’s examine the applicable fees and charges associated with the commercial loan from Indiabulls:

Indiabulls Commercial Property Loan – Terms and Conditions

Indiabulls commercial property loan is a type of secured loan. Namely, it is secured by a mortgage on the commercial property being purchased or constructed. Failing to repay the loan can lead to serious consequences, as Indiabulls has the right to seize and sell the mortgaged property to recover the outstanding amount. Hence, It’s important to carefully assess your financial situation and repayment plan before finalising your decision.