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Loan Against Commercial Property is a type of loan where a business or individual borrows money from a financial institution using their commercial property as collateral.

Loan Against Commercial Property

Commercial properties include office buildings, retail spaces, industrial warehouses, and other real estate properties used for business purposes.

The loan amount is typically determined based on the value of the property offered as collateral and the borrower's ability to repay the loan.

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Loan Against Commercial Property-

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Following are the procedure steps:

1. Research and Comparison:

Research various lenders offering loans against commercial property, including banks, NBFCs, and other financial institutions. Compare their interest rates, terms, fees, and eligibility criteria to find the best option for your needs.

2. Eligibility Check:

Determine if you meet the lender's eligibility criteria, which may include factors such as the value of the commercial property, your credit history, income stability, and other financial metrics.

3. Loan Application:

Submit a loan application to the chosen lender. The application form typically requires detailed information about the property being offered as collateral, your financial situation, business details (if applicable), and other relevant documentation.

4. Property Valuation:

The lender will conduct a valuation of the commercial property to assess its market value. This valuation helps determine the loan amount you are eligible for.

5. Due Diligence:

The lender will perform due diligence, which may include verifying your income, credit history, legal ownership of the property, and any outstanding loans or liens on the property.

6. Documentation:

Complete the necessary documentation required by the lender. This may include identity proof, address proof, income documents (such as bank statements, salary slips, or income tax returns), property documents, and any other documents requested by the lender.

7. Loan Approval:

Once the lender completes the due diligence process and is satisfied with the documentation provided, they will approve the loan amount and terms. You may receive a formal loan offer detailing the terms and conditions.

8. Property Mortgage:

You'll need to create a mortgage on the commercial property in favor of the lender. This involves signing legal documents and completing any formalities required by local laws.

9. Disbursement:

After completing all necessary formalities and documentation, the lender will disburse the loan amount to your account or as per the agreed-upon terms (such as partial disbursements for specific purposes).

10. Repayment:

Repay the loan according to the agreed-upon schedule, which typically includes monthly installments comprising principal and interest. Failure to repay the loan can result in the lender initiating foreclosure proceedings to recover their funds by selling the mortgaged property.

Why choose Livanity for Loan Against Commercial Property?

Livanity is a one-stop solution for all your financial needs. Here, we try to provide you best services that are hassle-free and quick in nature. For Loan Against Commercial Property, we provide you a comparative analysis of what different banks are offering. We also assist you in your final decision.

Here are a few reasons for you to apply for a Loan Against Commercial Property at Livanity:

Fast assistance:

At Livanity, you can contact us at any official working hours of the day.

Customer needs in forefront:

Your needs are our priority. We promise to deliver you with services that are best on our capabilities. By handpicking loan offers based on customer profile, we try to give you the most personalized experience.

Compare Offers Online:

With more than 100 lenders as partners, you can compare the different offers of financial institutions to make the right decision. In fact, we help you find the best lender as per your eligibility requirements. There is a personalized relationship lender for every customer who helps him/her select the bank of his/her choice.

Real-time customer support:

Our customer support team is fast and efficient to clear all your doubts regarding loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.

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