PNB Housing

Commercial Property Loan

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

Advantages of taking Non Home Loan from PNB Housing

Pan India branch network
Door step services ensuring easy and fast approval & disbursal of loans
Dedicated team of well-experienced employees
Excellent post disbursement services
High standards of ethics, integrity and transparency
Facility of enhancement in loan amount in the event of escalations in cost.
Various repayment options

Commercial Property Loan

Interest Rate

Starting from
                    8.75%* 
on Loan for purchase of non-residential property (NRP)
Note: The mentioned Interest rates are Floating Rates

PNB Housing

Commercial Property Loan Amount

Maximum Loan amount would be  70% of the purchase price of property or  loan eligibility  whichever is lower.
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    Loan eligibility shall be determined by PNB Housing taking into account income, age, qualification and occupation etc.

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    Income of borrower(s)/ co-borrower(s) may be clubbed together for calculation of loan eligibility.

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).
*Terms and Conditions Apply

Commercial Property Loan

Loan Disbursement

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    Disbursement will be made after the property has been technically appraised and all legal documentation has been completed.

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    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.

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    For commercial property under construction, the loan amount will be disbursed in stages based on the progress of construction.

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    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.

Loan Repayment
Loan repayment is in Equated Monthly Installments (EMI) comprising of principal and interest through Post Dated Cheques or Electronic Clearance System over a maximum period of 15 years.

Insurance / Customer Safety at

PNB Housing

PNB Housing, for the safety and extended comfort of its customers, suggests that they should get their property and loan repayments insured to overcome an unfortunate event during the re-payment term of the loan.
For the convenience of customers, PNB Housing has tied up with various insurance companies to offer best-in-class products and services at their doorstep.

PNB Housing Finance Limited offers   wide variety of insurance products to our loan customers.

List of Insurers is given below:

Segment Company Name Products Offered for Loan Customers
Life Insurance Bharti AXA Life Insurance Company Limited Bharti AXA Life Group Credit Protection Pro
HDFC Life Insurance Company Limited HDFC Life Group Credit Protect Plus
PNB MetLife Insurance Company Limited Met Complete Loan Protection
Axis Maxlife Insurance Company Limited Group Credit Life Secure
Acko Life Insurance Company Limited Acko Life Group Credit Protect
Acko Life Group Credit Shield Combi
General Insurance ICICI Lombard General Insurance Company Limited Group Secure Mind (Critical Illness Plan)
Group Personal Accident
Group Home Protect (Bharat Grih Raksha)
Group CHI (Complete Health Insurance – HS360)
TATA AIG General Insurance Company Limited Group Credit Secure Plus
TATA AIG Group EMI Protect
TATA AIG Home Protect Policy
Group Criticare 360
Bajaj General Insurance Company Limited Credit Linked Health Plan
Bharat Griha Raksha Policy
Universal Sompo General Insurance Company Limited Group Credit Protection Policy
Group Health Insurance
Bharat Griha Raksha
Go-Digit General Insurance Ltd Digit Life Healthy Long Term Group Policy
Digit Flexi Griha Raksha Policy
IndusInd General Insurance Company Limited Loanee Kavach (PA+CI+HC)
IndusInd - Group Hospi Cash Insurance
IndusInd Bharat Griha Kavach Group
Health Insurance CARE Health Insurance Company Limited Group Care 360
NIVA BUPA Health Insurance Company Limited Group Health Protect Plus
Star Health and Allied Insurance Co Ltd Star Group Health Insurance Benefit Plus Platinum - Plan A(54 - Critical illnesses) & Plan D (Personal Accident)
Star Group Health Insurance Benefit Plus Platinum - Plan C (Equal Monthly Instalment)
Star Group Health Insurance Benefit Plus Platinum - Plan- E (SGHI)
Disclaimer:

PNB Housing Finance Limited is registered with IRDAI (Insurance Regulatory and Development Authority of India) as a Corporate Agent (Composite) with registration number CA0862.

Participation in the insurance products by the loan customers is purely on Voluntary basis. There is no linkage either direct or indirect, between the provision of financial services offered by PNBHFL to its customers and the use of insurance products. The business is undertaken on fee basis without any risk participation.

Issuance of insurance policies is exclusively done by the respective insurance company based on their underwriting guidelines.

Acceptance / rejection of insurance claims is exclusively done by the respective insurance company.

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Commercial Property Loan

Frequently Asked Questions

What is a Commercial Property Loan?

A commercial property loan helps finance the purchase of income-generating properties like office spaces, shops, warehouses, or commercial complexes. These properties are intended for business use rather than residential purposes.

What are the documents required for a commercial property loan?

Required documents include:

  • Personal Documents: KYC, income proof, bank statements, ITRs
  • Business Documents: Business registration, license, GST registration
  • Property Documents: Title deed, approved plans, sale agreement
  • Financial Documents: Balance sheet, profit & loss statements, CA certification

What is the eligibility criteria for a commercial property loan?

Eligibility includes:

  • Age: 21-70 years for individuals
  • Business: Minimum 3 years of business operations
  • Income: Adequate income to service the loan
  • Credit Score: Good credit history
  • Property: Property must be in an approved commercial area

What is the maximum loan amount I can get on a commercial property?

Commercial property loans typically offer:

  • LTV Ratio: Up to 70-80% of property value
  • Amount: Based on income and property value assessment
  • Repayment Capacity: Determines maximum loan eligibility
  • Property Type: Different limits for different commercial property types

Can a salaried person apply for a commercial property loan?

Yes, salaried individuals can apply for commercial property loans for:

  • Investment Purpose: Rental income generation
  • Business Setup: Starting their own business
  • Portfolio Diversification: Real estate investment
  • Income from salary plus expected rental income is considered

What tenure options are available for commercial property loans?

Commercial property loans typically offer:

  • Maximum Tenure: Up to 15-20 years
  • Flexibility: Shorter tenures available based on preference
  • Age Factor: Tenure limited by retirement age (70 years maximum)
  • EMI Impact: Longer tenure means lower EMI but higher total interest

What are the commercial property loan interest rates in India?

Commercial property loan rates are typically higher than residential loans, ranging from 8.75% to 11.80% per annum. Rates vary based on:

  • Credit Profile: Better scores get lower rates
  • Property Type: Different rates for different property types
  • Loan Amount: Higher amounts may get better rates
  • Market Conditions: Overall interest rate environment