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Loan For Purchase Of Non Residential Property

If you are a self-employed individual looking for an office space or planning to purchase a non-residential property, Aadhar Housing Finance can support your funding needs.

The commercial property should, however, be within municipality limits of the city and should also have been approved by the civic authority for commercial usage.

With Aadhar Housing Finance, you can avail of a loan for purchase of non-residential property up to ₹1 Crore. The minimum loan amount that you can opt for is ₹2 Lakh. However, the loan amount cannot exceed 70% of the registered cost of the property or 50% of market value, whichever is lower. The final loan amount that we approve to lend to you depends on your eligibility and certain other factors such as your financial stability, and others. Here is a list of parameters that lenders take into account while determining your loan amount.

  • Age
  • Stability of income
  • Continuity of income
  • Number of dependents in the family
  • Income of the co-applicant
  • Amount of assetst
  • Liabilities
  • Educational background
  • Saving habits, and others
  • Available Bank Balance for past 6 months

Before applying for a loan for purchase of non-residential property, it is key to understand your eligibility. You can identify your eligibility by using our loan eligibility calculator.

Maximum loan tenure is 15 years subject to retirement age for Salaried and 70 years of age for Self Employed on loan maturity.

 

The repayment of your monthly EMI for the availed loan depends on parameters such as the interest rate offered, the quantum of the loan, and the tenure of the loan. If you would like to calculate how much EMI is to be paid, you can use our EMI calculator.

With Aadhar Home Loans, you can opt for a loan for purchase of non-residential property either by yourself or along with another co-applicant. It is not necessary for the co-applicant to own a part of the property. However, all the owners of the property have to be co-applicants. Your parents, spouse, or children* can apply to be co-applicants.

To get more information, click on the "Apply for Loan". button that is on the left side of this page and provide all the necessary details. Ensure that these details are accurate as it will be used by an Aadhar representative to contact you. You also have the option to walk into a branch of Aadhar Housing Finance that is nearest to you. To get a comprehensive list of Aadhar Housing Finance branches, please click here.

For list of required documents, please click here.