Balance Transfer
आईटीआर क्या है? होम लोन के लिए आईटीआर कैसे फाइल करें और इसका महत्व
Mar 20, 2026 | 4 mins read
As an established business owner, you likely 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 a new facility, renovate an office, or are looking for a loan for purchase of commercial property, we can help you achieve it with a Commercial Property Loan. *Avail a Commercial Property Loan with competitive interest rates (starting at 8.70%*), funds disbursal within *72 hours* and a flexible tranche-based EMI and part prepayment scheme.
Calculate Your Monthly Repayments: Commercial Property Loan EMI Calculator
Results generated by the calculator(s) are for illustration only and indicative in nature.
Preferred loan amount
₹
₹20,00,000
₹10,00,00,000
Interest rate (per annum)
%
7%
13%
Loan tenure (months)
36 months
360 months
Estimated EMI
per month- ₹ 36,690
Interest payable
₹52,41, 690
Commercial Property Loan Eligibility Criteria and Document Checklist
Who is Eligible? Commercial Property Purchase Loan Eligibility
We offer a streamlined eligibility process for our Commercial Property Loan to both salaried and self-employed applicants:
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
Mandatory 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
PAN and any one of the following- Aadhaar Card| Driving License | Passport | Voter ID | Job card by NREGA | Letter issued by the National Population Register containing details of name and address
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
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FAQs & Support
View allHow 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 the maximum tenure I can avail of a Commercial Property Purchase Loan?
The maximum tenure for a Commercial Property Purchase Loan with L&T Finance ranges from 3 to 20 years. This long tenure allows you to spread out the repayment of the loan, making the EMIs more affordable.
Who can avail of a Commercial Property Loan?
Commercial Property Loans are available to self-employed professionals like doctors, chartered accountants, architects, lawyers, and self-employed non-professionals, including traders, commission agents, and contractors. Applicants must be residents of India with a stable income.
What is the maximum loan amount I can get under L&T Finance for Commercial Property Purchase?
L&T Finance offers a maximum loan amount of ₹ 7 Crore for Commercial Property Purchase. The exact amount you can borrow will depend on your creditworthiness, income, and the value of the property being financed.
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.
What happens if I don’t pay on my Commercial Property Loan?
If you fail to make payments on your Commercial Property Loan, the lender may charge late payment interest and fees. Continued non-payment can lead to default, resulting in the lender taking legal action to recover the outstanding loan amount, including potentially repossessing the mortgaged property.
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 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.
How long does it take to process Commercial Property Loan?
L&T Finance typically processes Commercial Property Loans within 72 hours* of receiving a complete application with all necessary documents. The actual processing time may vary depending on the complexity of the loan application and the promptness of document submission.
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.
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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!
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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.
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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.
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