Whether you're buying your first home, transferring an existing loan, or looking to renovate your space, we’ve got you covered. Our flexible loan solutions, repayment options, competitive interest rates, and quick approval process make home financing easier, faster, and more accessible.
Grow your business to new heights with Truhome Finance Loan Against Commercial Property.
Get Loan against commercial property up to ₹10 Crore
Truhome Finance Limited, formerly known as Shriram Housing Finance Limited. For FAQs Click Here.
Loan Against Commercial Property Features and Benefits
Loan Amount
Up to ₹10 Crore
Loan Tenure
Up to 15 years (Subject to your retirement)
Interest Rate
Starting from 9.5%
Processing Fees
Individual Borrowers – 4% - 8%
Flexible Repayment
You can do multiple part payments with zero prepayment charges* (only if end use is not business). It is applicable for floating interest rates. A unique Virtual Account Number can be used directly for credit of payment to your loan account.
Easy Documentation
It is easy to obtain a loan against commercial property through Truhome Finance due to its simple documentation requirements.
Tax Benefits
Under Section 24(b) of the Income Tax Act, loans against commercial property are eligible for tax benefits. It is an attractive option for business financing due to its tax exemption on loan proceeds.
Dedicated Relationship Manager
Our dedicated relationship manager will assist you in the application process for a loan against commercial property.
Nationality
Indian citizen residing in India.
Age
- Salaried: Up to the age 60 years
- Self-Employed: Up to the age 70 years
Occupation
Salaried, Self-Employed
Step 1
Enter the details of your loan and income into the calculator.
Step 2
The calculator will display the results immediately.
Step 3
With the help of the results displayed, you can make informed decisions.
Home Loan
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Home Loan Balance Transfer
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Home Loan Top Up
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Home Extension Loan
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New plot + Home Construction Loan
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LAP Residential Loan
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Home Improvement Loan
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LAP Commercial Loan
Get an offerDocuments Required for Loan Against Commercial Property Application
Here is the list of documents required for the application for loan against commercial property.
KYC Documents:
ID Proof
- PAN card
- Voter's ID
- Aadhaar card
Address Proof
- Bank account statement
- Valid driving license
- Latest electricity bill
Income Documents
- Last 3 months' salary slip or latest salary certificate
- Last 6 months’ bank statement
- Form 16
KYC Documents:
ID Proof
- PAN card
- Voter's ID
- Aadhaar card
Address Proof
- Bank account statement
- Valid driving license
- Latest electricity bill
Self-Employed
- Last 2 years’ Income Tax Returns (ITR)
- Computation of income
- Profit and Loss Account (P&L)
- Last 6 months’ bank statement
Important Tools for Smarter Housing Finance Decisions
EMI Calculator
Learn how loan amount, interest rate, and tenure affect your monthly payments. Use this tool as a guide to plan better.
Eligibility Calculator
Discover how lenders evaluate your eligibility based on income, expenses, and other factors. Get an estimate of the loan amount you may qualify for.
What is a loan against commercial property?
A loan against commercial property, also known as a mortgage loan, is a secured loan wherein the borrower pledges their commercial property as security to obtain financing from a reputable financial institution like Truhome Finance. This type of loan enables borrowers to tap into the equity of their property, with the repayment terms being determined by Truhome Finance. The funds acquired through this loan can be utilized for a diverse range of financial needs, including expanding one's business, covering educational expenses, or addressing any other valid financial commitments.
How much can I borrow through a commercial LAP?
You can borrow between Rs. 10 lakhs to Rs. 3 crores. Kindly note that the loan is subject to Truhome Finance’s approval. Additionally, factors such as property value, income, and credit score play an important role in the maximum loan amount.
What is the loan tenure for a commercial LAP?
The loan tenure with Truhome Finance for a loan against commercial property is up to 15 years or as per the age norms stated in the Truhome Finance policy.
Can I prepay the loan before the tenure ends?
Yes, you can generally prepay a loan before the end of the term. However, the terms and conditions set by Truhome Finance will determine whether you are able to do so. It is important to check your loan agreement for specific details and discuss the matter with your lender in order to avoid prepayment penalties or fees.
Are commercial properties eligible for loans?
Yes, you can avail a loan against a commercial property.
Is there a credit score requirement for commercial property loans?
Truhome Finance offers LAP for commercial property for individuals with a credit score of 700 or more.
Can I obtain a commercial property loan without insurance?
Yes, you can avail a commercial property loan without insurance. However, it is recommended that you insure your property to safeguard against unforeseen circumstances.
Can I apply for Truhome Finance's Commercial Property Loan if my commercial property is under construction?
No, you cannot apply for the Truhome Finance Commercial Property Loan for under construction properties.
