Loan for Purchase of Commercial Property

SIB Loan for Purchase of Commercial Property

Invest in the future of your business or diversify your assets with South Indian Bank’s loan for the purchase of commercial property. This loan offers financial support for purchasing ready-built commercial buildings, properties under construction, or reimbursement of purchase costs, catering to both personal and business use.

Key Features and Benefits

High loan amounts

Finance ranging from Rs.25 Lakhs to Rs.15 Crores to cater to diverse commercial property needs.

Flexible tenure options

Loan repayment terms of up to 144 months, ensuring manageable EMIs.

Customer-centric terms

Flexible holiday periods for under-construction properties with interest servicing.

Attractive loan tenures

Long repayment periods of up to 12 years for better financial planning.

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Pro Tips for Loan for Purchase of Commercial Property Applicants

Benefits of SIB Loan for Purchase of Commercial Property

Finance ranging from Rs. 25 Lakhs to Rs. 15 Crores to cater to diverse commercial property needs
Loan repayment terms of up to 144 months, ensuring manageable EMIs
Avail up to 75% of the property's value for maximum funding support
Open to individuals, businesses, and organisations, including residents and NRIs
Finance for ready-built commercial properties, properties under construction, or reimbursement of property purchase costs
Flexible holiday periods for under-construction properties with interest servicing
Long repayment periods of up to 12 years for better financial planning
Available to individuals, businesses, LLPs, and societies for personal or business purposes.

To qualify for the SIB Loan for Purchase of Commercial Property, applicants must meet certain eligibility criteria. The table below outlines the key requirements.

Criteria	Details
Target customers	Individuals (residents and NRIs) Proprietorships Partnerships LLPs Private/public limited companies Trusts Societies
Age criteria	Minimum- 21 years Maximum- 65 years
Credit score	Minimum bureau score of 730 for applicants.

Meeting the eligibility criteria enhances your chances of loan approval and ensures a smooth application process.

Category	Details
Interest Rates	Check Interest Rates
Additional Charges	Click here for Service Charges

Prepare the required documents based on your applicant category to ensure a seamless loan application.

Applicant Type	Required Documents
Salaried Individuals	KYC documents (PAN card, Aadhaar card, and photographs) Salary slips for the last 3 months Last 6 months’ bank statements
Businesses	KYC documents of the business and authorised signatories Last 3 years’ audited financials Last 6 months’ current account statements Property documents, including title deeds, location sketch, encumbrance certificate, and tax receipts
Pensioners	KYC documents (PAN card, Aadhaar card, and photographs) Pension statements for the last 3 months Last 6 months’ bank statements