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Commercial Loan

Purpose : Loan for Purchase / Construction of commercial property.

Our Customer :

  • Occupation : Salaried | Self Employed (Skilled Professionals) | Drivers | Small Business| Technicians | Policemen | Salary : 300000 upwards per annum
  • Interest rate starts from 17.5%* pa

    • WHAT and HOW WE ASSESS ??

    ||TYPE OF EMPLOYMENT / EMPLOYER ||

    || STABILITY OF INCOME ||

    		 Branch and Credit team - verification of - business process, supplier details, P and L , cash flows and Finances.
    || NET INCOME || Bank statement verification | Verification of monthly commitments and Lifestyle. Non traditional modes of Income verification and financials obligations.
Document Required

➙ Duly filled Application Form with Photograph Click here to download the application form

➙ Age & Residence Proof (PAN Card, Aadhaar, Voter ID, Ration Card, Drivers Licence, Passport, Utility Bills, Any other Certificate from Statutory Authority)

➙ Salaried - Latest Salary-slips for 3 months / Salary certificate in case of Cash Salary. Self Employed - Certificate & Proof of business existence along with Business Profile, GST , MSME registration.

➙ Last 3 years Income Tax returns (self and business) / Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant/p>

➙ Last 6 months Bank Statements (salary account), Last 12 months Bank Account Statements (self & business)

➙ Photocopy of Title Documents of the Property, Approved Plan

You can pay your home loan EMIs through:
  • ➙ Electronic Clearing Service (ECS)/ National Automated Clearing House(NACH)- based on standing instructions, given to your bank
  • ➙ Post Dated Cheques (PDCs) - Drawn on your salary/savings account. (Only for locations where ECS/NACH facility is not available.)

 

Your Sasvitha Home Loan makes you eligible for certain tax benefits* as per the prevailing laws. This means that you can save more money by claiming deductions in your income tax, against principal and interest amount repaid.

Insurance / Customer Safety
“For the safety of our customers, we encourage to insure their property mortgaged and life to overcome any unfortunate event during the re-payment term of the loan. We work with prominent insurance companies to provide need based Life & Non-life insurance solutions.

Interest rate : 16.5 % onwards

Additional fees such as stamp duty, e-filing charges, CERSAI filing charges, and other statutory dues applicable on the Memorandum of Equitable Mortgage may vary depending on the location and will be charged in addition to processing fees.

* Terms and conditions - CLICK HERE to know more

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Do you have any questions to ask, please let us know!

 
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