Every businessman wants to buy his own office but taking liquidity out of business and buying an office looks way difficult. This product is the answer. Clients need to contribute 25% of the property agreement value and the rest 75% will be funded by the bank. The property gets transferred on the buyer’s name. We suggest our clients to take pre-approval of commercial properties purchase loans and then search property accordingly which always helps to negotiate good deals as the seller understands that by having a pre-sanctioned loan you can pay it immediately also with good discounts as a market trend.
This loan can be availed by individual and companies both. It’s mandatory by lenders that the property owner should be on the loan.
| Sr. No | For Salaried Individuals | Self Employed Individuals having | ||
|---|---|---|---|---|
| Proprietorship Firm | Partnership Firm | Private Limited and Limited Company | ||
| KYC Documents | ||||
| 1 | PAN Card | PAN Card | PAN Card | PAN Card |
| 2 | Aadhar Card | Aadhar Card | Aadhar Card | Aadhar Card |
| 3 | Current resident address proof | Current resident address proof | Current resident address proof | Current resident address proof |
| 4 | Appointment letter | Office Address Proof | Office Address Proof | Office Address Proof |
| 5 | Office ID card | GST Registration Certificate | GST Registration Certificate | GST Registration Certificate |
| 6 | Partnership Deed | MOA and AOA | ||
| 7 | List of partners and shareholding pattern onletter head | List of Directors and shareholding pattern on letter head | ||
| Income Documents | ||||
| 1 | Salary Slip – 6 months | GST Returns – 1 Year | GST Returns – 1 Year | GST Returns – 1 Year |
| 2 | Form 16 - 2 years | Income Tax Returns – 3 years | Income Tax Returns – 3 years | Income Tax Returns – 3 years |
| 3 | Bank Statement – 1 year | Bank Statement – 1 year | Bank Statement – 1 year | Bank Statement – 1 year |
| Additional Documents Generally Required | ||||
| 1 | Existing loan – Sanction letter (if any) | Existing loan – Sanction letter (if any) | Existing loan – Sanction letter (if any) | Existing loan – Sanction letter (if any) |
| Sr. No | Document |
|---|---|
| 1 | Sale Agreement or Sale Deed with Registration Receipt, Stamp Duty, Index II |
| 2 | Chain of Agreement
with Registration Receipt, Stamp Duty, Index II This is required is there are resale transactions |
| 3 | Share Certificate |
| 4 | Occupancy Certificate ( OC ) |
| 5 | Commence Certificate ( CC ) |
| 6 | Approved Building Plans |
| 7 | Building Completion Certificate |
| 8 | Society Registration Certificate |
| 9 | Tax Paid Challan |
| 10 | Society Maintenance Receipt |
| Note: - As there are different properties types like residential, commercial, industrial, etc. Property documents required will always change based on type of property and location at which the property is located. We have just given the general list of property documents. | |
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