Tuesday 19 January 2016

Commercial Property Purchase Loan

 Commercial Property Purchase Loan

Commercial Property Purchase Loan Overview

To achieve complete self-reliance, a flourishing business needs the right room to grow. Even if you find the property that fits your vision arranging for its finances may not be easy. At Creative Finserve Pvt Ltd  we understand your requirements when it comes to business expansion opportunities or the possibilities of a new business idea. And that's why our Commercial Property Purchase Loan make sure that you don't have to compromise on your choice of property and get complete freedom to run your venture the way you want.

 Commercial Property Purchase Loan is a loan that uses commercial property as collateral. A  Commercial Property Purchase Loan is a business loan which is secured against a commercial property.  Commercial Property Purchase Loan are often used to buy business premises, such as offices, shops, restaurants.

While residential mortgages are typically made to individual borrowers,  Commercial Property Purchase Loan is often made to business entities (e.g., corporations, developers, partnerships, funds and trusts). These entities are often formed for the specific purpose of owning commercial real estate.

 Commercial Property Purchase Loan is a loan for a property that is used for business purposes. It's probably the best way to finance the purchase of Office for business because it provides a flexible and affordable solution that gives you access to capital. A  Commercial Property Purchase Loan can be used to buy most types of commercial buildings, such as shops and offices, for both new and existing businesses.

Interest rates on  Commercial Property Purchase Loan are generally higher than on residential loans. Unlike residential loans, the terms of commercial loans are smaller. In Commercial Property Purchase Loan LTV (Loan to value) is normally up to 50% subject to income eligibility.

When evaluating  Commercial Property Purchase Loan, lenders consider the loan's collateral; the creditworthiness of the entity (owners), including three  years of financial statements and income tax returns; and financial ratios, such as the loan-to-value ratio and the debt-service coverage ratio.

Commercial Property Purchase Loan Features and Benefits


  • Commercial Purchase loans can be availed by Salaried, Self Employed Professionals and Self Employed Non-Professionals
  • Purpose - Purchase of commercial property
  • Min and Max Loan Size - Avail loan from `15 Lacs up to 10 crore.
  • Tenure - Loan tenure of up to 15 years.
  • Avail Maximum Loan Amount.
  • Door Step Service.
  • Realize your dreams faster.
  • Easy Documentation.
  • Attractive Balance Transfer Options available.
  • Easy Repayment Option by EMIs to suit your needs.

Commercial Property Purchase Loan Process

There are several steps in the  Commercial Property Purchase Loan. Here are the steps in brief:

  • Application form & Document Submission
  • Cibil report check
  • Residence verification
  • Office 
  • Eligibility calculation
  • Technical & Valuation 
  • Personal Discussion 
  • Credit decision
  • Offer Letter
  • Submission of Property documents & legal check
  • Registration of property documents
  • Signing of agreements and submitting post-dated cheque
  • Disbursement

Commercial Property Purchase Loan Eligibility

SELF EMPLOYED INDIVIDUAL

  • An Indian Resident
  • You should be in business for a minimum of 3 years.
  • You should be self employed Minimum 24 to maximum 65 years of age.
  • Your current place of residence should be occupied for a minimum of 3 years in the city.

SELF EMPLOYED PROFESSIONAL

  • An Indian Resident
  • You should be in business for a minimum of 3 years.
  • You should be self employed Minimum 24 to maximum 65 years of age.
  • Your current place of residence should be occupied for a minimum of 3 years in the city.

SALARIED

  • You should have 3 years work Experience.
  • Your Minimum age should be 24
  • Your maximum age should be 58/60 at the time of closer of the loan.

Wednesday 13 January 2016

Dropline Overdraft

Dropline Overdraft

Having an overdraft feature on your bank account gives numerous benefits. Drop Line Overdraft account protection is a customized feature which lets you spend beyond what is in your account. If you are qualified, your financial institution can give you overdraft protection although it usually comes with a fee. It is not uncommon to be charged a fee as well as a percentage rate on the amount of money that you use in your overdraft. Drop Line Overdraft protection can be extremely useful in the event that you do not have enough money in your account for a pre-authorized bill. If you are protected by overdraft you will not get charged a non sufficient funds fee which accompanies a payment in the event that it is declined by your financial institution. It can also be a great back up for unexpected expenses. If you need to dig into your overdraft account in an emergency situation overdraft provides peace of mind that it is there for you to do so.

Drop Line Overdraft is a facility granted to you whereby you can overdraw your current account up to an agreed limit. Drop Line Overdraft is an efficient form of borrowing as you pay interest only for the time you use the money. It gives you flexibility. You can at any time deposit money into the account to reduce the outstanding balance or can draw out money whenever you need it as long as you do not exceed the limit. Interest is calculated daily on the fluctuating outstanding balance and is normally charged at the end of each month.  Drop Line utilized determines the interest that will be payable by the customer. Drop Line Overdraft is a flexible product offering that allows you   facility against residential or commercial property. This product is useful for professionals, Sole Proprietors, Proprietorship Firms, Partnership Firms or a Private Limited Company.

Drop Line Overdraft Facility do not have a yearly renewal charge but it has onetime processing fees. Drop Line Overdraft are only offered to self employed persons or companies. Drop Line Overdraft Facility is best for Manufactures, traders & retailers where booking capital requirement is needed for day to day transactions Drop Line Overdraft Facility don't require a charge to be made on your stocks book debts, it also not requires any quarterly or half yearly audits of the stock.

Dropline Overdraft Features and Benefits


  • Drop-line Overdraft limit of up to Rs. 10 Crores
  • Both residential and commercial property accepted as collateral
  • Interest charged only on the amount utilized
  • Minimal documentation and faster approvals
  • Attractive interest rates
  • Excellent debt consolidation tool


Dropline Overdraft Process

There are several steps in the Dropline Overdraft process. Here are the steps in brief:

  • Application form & Document Submission
  • Cibil report check
  • Residence verfication
  • Office
  • Eligibility calculation
  • Technical & Valuation
  • Personal Discussion
  • Credit decision
  • Offer Letter
  • Submission of Property documents & legal check
  • Registration of property documents
  • Signing of agreements and submitting post-dated cheque
  • Disbursement

Dropline Overdraft Eligibility


  • An Indian Resident
  • Minimum age of applicant: 24 years
  • Maximum age of applicant at loan maturity 65 years
  • Minimum turnover of Rs 1 Crore financial should be audited.
  • Years in business: Minimum of 3 years in current business and 5 years total business experience.


















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