Commercial Property Purchase Loan | SVC CO-OPERATIVE BANK LTD

Key Features

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Attractive rate of interest

For Salaried / SEP / SENP

Margin - 10% to 20%

Loan To Value – 80% - 90%

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Other Benefits

Purpose:
- Purchase of New Commercial property – Office /Shop
- Construction of Commercial Premises /Factory
- Purchase of resale, ready built and under construction commercial property.

Loan Amount:
- ₹750 Lakhs

Interest Rates:
- Starting from 9.35%* pa onwards

Repayment:
- Loan Tenure maximum upto 15 years.

Security:
- Mortgage of commercial premises to be purchased

*Terms & conditions apply

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Eligibility

SEP /SENP /Salaried /Business Entity:
- Age – 21 years and above.
- Profitable Business for min. 3 years.
- CIBIL score – 700 and above

Documents Required

For Salaried / Self-Employed/ Professionals
- KYC.
- Income Documents – 3 year ITR Returns & Financial statement, latest salary slip & Form 16.
- Property documents.

*Note: The documents mentioned above are indicative in nature. SVC Bank may ask for additional document if required during the processing of your loan application.

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1800 313 2120
Rates & Charges

General:
90 days - 5.00% p.a.*
180 days - 6.00% p.a.*

12 months- 6.75% p.a.*
Above 12 months to below 14 months - 7.00% p.a.*

Senior Citizens:
90 days – 5.50% p.a.*
180 days – 6.50% p.a.*
12 months- 7.25% p.a.*

Above12 months to below 14 months – 7.50% p.a.*

Tax Exemption Scheme:
5 years - 6.75% p.a.*

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Home Loan: 7.65%* p.a onwards

Gold Loan: 8.75%* p.a. onwards

New Four Wheelers (Personal Use): 8.40%* p.a. onwards

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Savings Deposits: 2.75% p.a.

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