commercial property loan


Loan on Commercial Property Many people look for a commercial property loan but don’t know how to get it. Getting a home loan is easier as most banks and financial institutions provide home loans on easy terms with low interest rates. On the other hand, getting a commercial property loan is quite a task. First, not many banks give loans on commercial property, and the eligibility criteria and loan application process are very different from the home loan process. Most people get confused while applying for loans to purchase commercial property. Even if they know the basic procedure of commercial property loans, some points still seem complex. Most financial institutions are more cautious while sanctioning loans for commercial properties. If the commercial space is under construction, they become slightly more cautious while sanctioning the loan. Here is the detailed guide with all the nitty-gritty that should be kept in mind…