Easy Documentation

Copies of your professional degrees and diplomas. Bank statement for your business for the last 6 months. Profit and loss statements of your business. Proof of ownership/lease of a property to set up the practice (if applicable). Loan up to Rs. 5cr easily available. For more than Rs. 5cr loan requirement, kindly get in touch to discuss.

Purpose

• ►To finance acquisition of office premises for self-occupation.
• ►For outright purchase of ready built / existing office premises or premises under construction in commercial complexes / independent buildings and construction of office premises in the land already owned OR for purchase of site/ land and construction of office premises thereon.
• ►Where loan is for purchase of site/ land and construction of office premises, value of the land shall not exceed 50% of the total project cost.
• ►Loan for purchase of office furniture & fixture, solar water/ electricity systems shall be considered only for the office premises acquired under the Scheme.
• ►In case of ready built property the age of the property shall not be more than 30 years (i.e. at the time of sanction of loans). Further, the residual life of the property should be at least 10 years more than the repayment tenor of the loan (Certificate of Residual age of the security to be obtained from empanelled valuer prior to sanction of loan).
• ►Loans for repair/ renovation/ improvement/ extension of Office premises may also be considered against the security of Office premises or any other immovable property /other financial assets after maintaining prescribed margin on respective security.