Apply Commercial Property Loans up to ₹7 Cr* at 8.70%

As an established business owner, you must want to grow your business through additional investment. This is only possible when you have a suitable workplace or environment to scale your business. If you require funds to construct or renovate an office, we can help you achieve it with a Commercial Property Loan. Avail a Commercial Property Loan with interest rates starting at 8.70%*, funds disbursal within 72 hours* and a tranche-based EMI and part prepayment scheme.

Features & Benefits
EMI Calculator
Documentation
Eligibility
Fees & Charges
Frequently Asked Questions

Loan Tenure

Loan repayment period ranges from 3 to 20 years

Huge Amount

Loan amount from ₹ 3 Lakh to ₹ 7 Crore

Quick Processing

Funds disbursed within 72 hours*

Flexible Repayment

Tranche-based EMI and part prepayment scheme

Attractive interest rates

Starting at 8.70%* rate of interest

Commercial Property Loan EMI Calculator

Results generated by the calculator(s) are indicative in nature.

Preferred loan amount

₹

₹20,00,000

₹10,00,00,000

Interest rate (per annum)

8.15%

13%

Loan tenure (months)

36 months

360 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

Apply Now

Commercial Property Loan Eligibility & Documents Required

Eligibility Criteria Required for Commercial Property Loan

Residency:

Indian resident

Age:

Salaried: 23 years to 70 years
Self-employed: 25 years to 70 years

Profession:

Salaried / self-employed professionals and non-professionals

Other:

Can be increased by adding co-applicant income or other verifiable income sources

List of Documents required for Commercial Property Loan

Age Proof

Aadhaar Card | PAN Card | Passport

Address Proof

Utility bills (not older than 2 months) | Aadhaar Card | Driving License | Passport | Voter ID etc

Photo ID Proof

Income Proof

Income proofs vary for different professionals across salaried, non-salaried and self-employed.

a) Salaried

i. Salary slips for the last 3 months

ii. Bank statements for 1 year

iii. Latest Form 16

b) Self Employed: Professionals

i. Latest two ITRs (personal and business) with computation of income

ii. Advance tax challans (if available)

iii. Latest two years of P&L accounts and balance sheets (with schedules), certified by a CA(both personal and business)

iv. Bank account statements (current and savings accounts) for the last 1 year

v. Qualification Proof of professionals

c) Self Employed: Non-Professionals

i.Latest 2 years ITRs with computation for individual applicants and co-applicants (if borrower is an individual)

ii. Bank account statements (current and savings accounts) for the last 1 year

iii. Latest 2 years of audited/CA-certified profit & loss accounts and balance sheets of the firm/company (if borrower is a firm/company)

iv. Proof of Business (GST / Shop Establishment/Udayam Aadhar, etc.)

v. MOA & AOA & Certificate of Incorporation

vi. For Partnership Firm-Partnership Deed

Other documents to be provided as required for disbursement of Loan

Seamless Loans, Simplified Experience

Download the Planet app for a one stop loan solution with effortless management at your fingertips. Learn More

FAQs & Support

View all

How can we apply for a Commercial Property Purchase Loan?

To apply for a Commercial Property Purchase Loan, visit the L&T Finance website and fill out the online application form. You will need to provide personal details, financial documents, and property-related information. The process includes verifying your documents and assessing your loan eligibility quickly.

What is a Commercial Property Loan?

A Commercial Property Loan is a type of financing specifically designed for purchasing, constructing, or renovating non-residential properties such as office spaces, retail outlets, or industrial buildings. This loan can help businesses acquire commercial properties to expand their operations or invest in real estate.

What is the interest charged on a Commercial Property Loan?

The interest rate on a Commercial Property Loan with L&T Finance starts at 9.55%* per annum. The rate is subject to change based on market conditions, your credit score, and the loan amount.

What are the documents required for a Non-Residential Property Loan?

Required documents include age proof, address proof, photo ID, income proof, business documents, and bank statements.

Can I prepay my Commercial Property Loan?

Yes, you can prepay your Commercial Property Loan. However, depending on the loan terms and the time that has elapsed since the loan disbursement, there may be prepayment charges. For instance, prepayment within the first year might incur higher charges than prepayment after one year.

When can I apply for a Commercial Property Loan?

You can apply for a Commercial Property Loan when you need funds to purchase, construct, or renovate a commercial property. Whether expanding your business, moving to a new office space, or investing in real estate, this loan can provide the financial support you need.

Will there be a processing fee?

Yes, a processing fee for a Commercial Property Loan can be up to 3% of the sanctioned loan amount, plus applicable taxes. This fee covers the administrative costs of processing your loan application. It is typically deducted from the loan amount at the time of disbursement.

What security will I have to provide for a Non-Housing Loan?

For a Non-Housing Loan like a Commercial Property Loan, the financed property is typically used as collateral. This means that the property will be mortgaged to the lender until the loan is fully repaid. Depending on the loan amount and the borrower’s profile, additional security or guarantees may be required.

What are the fees and charges for a Commercial Property Loan?

The fees and charges for a Commercial Property Loan include a processing fee of up to 3% on the sanctioned amount, repayment bounce charges, late payment interest, and foreclosure charges. Other charges may include documentation, valuation, and additional costs incurred during the loan processing.

Do I get Tax Benefits for Commercial Property Loan?

Yes, you can receive tax benefits on the interest paid on a Commercial Property Loan, particularly if the property is used for business purposes. However, the specific tax benefits may vary depending on your tax situation, so it's advisable to consult a tax professional for detailed guidance.

Explore all FAQs

Housing Loan

L&T Finance made my homeownership and business growth easier! After taking a home loan with another bank, I needed additional funds to expand my business. L&T offered a quick response, pre-approval, & a streamlined process with minimal paperwork. Plus, I received lower interest rate & maximum funding!

Amol Hirawadekar

Mumbai

Housing Loan

Buying a home in Mumbai was always a dream of mine, and L&T Finance has made this dream come true. They offered competitive interest rate, quick approval with easy documentation. I would highly recommend L&T Finance to anyone looking for a reliable home loan provider.

Yadika Hussain

Mumbai

Housing Loan

Choosing L&T Finance for our home loan was seamless. The team was supportive, with transparent documentation, quick responses, and competitive rates. Their efficient process made our home-buying journey smooth, and the L&T Emerald’s location, amenities, and security make it the perfect choice for our family.

Amit Chaturvedi

Mumbai, Maharashtra

Housing Loan

I was looking to buy a property and L&T finance Housing Loans stepped in forward to cater to all my demands, the ease of the documentation processes and their commitment to provide disbursement at the earliest. Whatever I asked, the team was there support at every step to get me through.

Mr. Sharad Pandey

Captain, Merchant Navy

Housing Loan

The process of applying L&T Finance Housing loans was a very easy and seamless process. And the credit goes to L&T Finance's entire Housing loan team. They have been extremely helpful & quick response. A very transparent process, the best of the market rates and quick disbursement.

Amit Chaturvedi

Powai, Mumbai