Following are the procedure steps:

1. Research Lenders:

Explore various banks, non-banking financial companies (NBFCs), and other financial institutions that offer loans against commercial properties, including shops. Compare their interest rates, terms, eligibility criteria, and customer reviews to identify suitable lenders.

2. Check Eligibility Criteria:

Understand the eligibility requirements set by different lenders. Generally, factors such as the value of the shop, your business's financial health, your credit history, and your ability to repay the loan will be assessed.

3. Documentation:

Gather the necessary documents for the loan application process. Commonly required documents include:

• Title deed or lease agreement of the shop
• Identity proof (Aadhar card, PAN card, passport, etc.)
• Address proof (utility bills, rental agreement)
• Income proof (bank statements, income tax returns)
• Business documents (registration certificates, GST registration, business licenses)
• Property tax receipts

4. Loan Application:

Complete the loan application form provided by the chosen lender.