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BEST FOR

Salaried individuals, self employed professionals and

non-professionals

  • For new office purchase

  • For workspace expansion

  • Construct or Renovate office space

 

 

 

Commercial Property Loan EMI Calculator

Amount

Interest Rate

Duration

 Disclaimer: The amortization schedule is for representation purpose only.  

Things you should know

  • Processing Fee

    Nominal processing fee applicable

  • Legal and Technical Charges

    Applicable based on property and documentation checks

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About Commercial Property Purchase Loan

What is Commercial Property Purchase Loan?

Commercial Property Purchase Loan, also known as a Non-Residential Property Loan, is a loan facility offered by ICICI Bank to the self-employed professionals and non-professionals who want to construct, expand, renovate or buy an office space, to achieve their business goals. Apply for an ICICI Bank Commercial Property Purchase Loan, online or offline.

Who is eligible for Commercial Property Purchase Loan?

Any salaried, self-employed professional and self-employed non-professional is eligible for a Commercial Property Purchase Loan.

How can we apply for Commercial Property Purchase Loan?

You can apply for Commercial Property Purchase Loan through either the online or offline mode. In the online mode, customers can apply through an app or website, while in the offline mode, customers can reach out to any nearest ICICI Bank branch or any ICICI Bank representative.

About Commercial Property Purchase Loan

What is a commercial property loan?

A commercial property loan finances purchase of offices, shops or commercial spaces for business purposes.

What documents are required for a commercial property loan?

Identity proof, income documents and property papers are required as per the eligibility guidelines. For details, click here.

What is the eligibility criteria for a commercial property loan?

Here is the basic eligibility criteria for a commercial property loan:
Age: Salaried: 20 – 65 years

Self-employed: 21 – 70 years

Employment Type: Salaried individuals, self-employed professionals and non-professionals

Credit Score – 750 and above

Citizen: Indian residents and Non-Resident Indian (NRI)

Income Proof: Proof of a stable and regular income.

What is the maximum loan amount on commercial property?

Loan amount depends on property value and internal credit assessment norms.

Can a salaried person apply for a commercial property loan?

Yes, salaried individuals may apply subject to eligibility criteria.

What tenure options are available?

ICICI Bank provides commercial property loans for a maximum of 15 years.

What are commercial property loan interest rates in India?

Interest rates depend on credit assessment and prevailing lending benchmarks. For current interest rates, click here.

Can I take a loan to buy commercial property?

Yes, eligible customers can apply for a loan to purchase commercial property.

Disclaimer

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