Loan Options for Purchasing Commercial Properties in Sholinganallur

[Ramya Krishnan]

I’m considering purchasing a commercial property in Sholinganallur. Could someone explain the different loan options available for such an investment?

• This topic was modified 6 months, 4 weeks ago by gaichermaickel.

[Samuel Peter]

You can opt for a commercial property loan from banks like SBI, HDFC, or ICICI. These loans are specifically designed for purchasing commercial real estate and often come with competitive interest rates.

[Vijayalakshmi Subramanian]

Some non-banking financial companies also offer commercial property loans with more flexible terms. This can be a good option if you need tailored financing solutions.

[Ansar Khan]

Another option is a loan against property . If you already own a property, you can mortgage it to get funds for purchasing a new commercial property. This might come with a lower interest rate compared to a standard commercial loan.

[Shiva Kumar]

For those looking at smaller investments, some banks offer micro and small enterprise loans, which can also be used for purchasing commercial properties.

[Susan Thomas]

If you have a good relationship with your current bank, you might be able to negotiate a better rate or terms on a commercial property loan. Always worth discussing directly with your banker.

[Abubakar Siddiq]

It’s also a good idea to check for any special schemes or offers that banks might have, especially during festive seasons or for specific business sectors. These can sometimes offer lower rates or better terms.