Punjab National Bank

Commercial Property Loan

At PNBHFL, we offer a range of loans for purchase/ construction of commercial property in approved areas. This includes loans for office space, shops.

Advantages of taking Non Home Loan from PNBHFL
Provides an extensive range of non-home loan products like Loan for Purchase & Construction of Commercial Property, Loan Against Residential & Commercial Property and Lease Rental Discounting
Pan India branch network
Robust service delivery model - door step services ensuring easy and fast approval & disbursal of loans
Excellent post disbursement services
Facility of enhancement in loan amount in the event of escalations in cost
Dedicated team of well-experienced employees who work on best-in-class information systems & network to deliver and provide customer satisfaction
High standards of ethics, integrity and transparency
Various repayment options

For salaried employees/ self-employed professionals/ non-professionals: Age of the customer should not be more than 50 years at the time of applying for loan
For partnership firms/ corporate bodies: The entity has to be in existence for at least 3 years prior to the date of application
Maximum Loan amount would be 70% of the purchase price of property or loan eligibility whichever is lower.
Loan eligibility shall be determined by PNBHFL taking into account income, age, qualification and occupation etc.
Income of borrower(s)/ co-borrower(s) may be clubbed together for calculation of loan eligibility.
LOAN DISBURSEMENT-Disbursement will be made after the property has been technically appraised and all legal documentation has been completed.
For purchase of house/ flat from an individual on resale, the loan amount will be paid in lump-sum to the seller at the time of transfer after confirming that the customer has paid his own contribution.
For commercial property under construction, the loan amount will be disbursed in stages based on the progress of construction.
A customer has to invest his proportionate share of the cost, prior to disbursement of loan. The loan can be disbursed either in lump sum or installments according to the requirement of the development authority/ society/ private builder.
Own contribution
Minimum contribution required from a customer will be 30% of the total cost of the property (inclusive of stamp duty and REGISTRATION charges in case of purchase of property).

Get Enquiry Here

9594111161 / 9967111161
504, 5th Floor Suchita Business Park,
Raigad Chowk, Station Road, Ghatkopar (E), Mumbai 400 077

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