Industrial Property Loan
Industrial Property Loan
Industrial property Loan is a loan that provides a credit facility upon what is industrial property loan as collateral. The loan provides to all self-employed non-professional who are running a manufacturing facility in major industrial zones in country.
and offering # Achieving your goals requires dedication and challenging work but it begins with the right environment. With a workplace tailored for your profession, you can take your professional dreams to the next level. If you are a Doctor, Lawyer, Chartered Accountant, or a Self-Employed Businessman, HDFC's Commercial Property Loans will help you own the workplace of your choice so that you can take a step closer to your business goals.
Benefits of industrial property loan
You can apply individually or jointly for the loan. All proposed owners of the property will have to be co-applicants. However, all co-applicants need not be co-owners. Generally, co-applicants are close family members.
Eligibility
An individual must be an Indian national possessing a steady source of income.
He/she must belong to the eligible age bracket (varies for salaried and self-employed individuals), and you must own commercial property that should be free of legal concerns.
To become eligible for a industrial property loan interest rate you should have a CIBIL score of 750 or more.
Documents
The documents you may need include:
To Proof your identity and residence: you must have PAN (Permanent Account Number) card/Voter’s ID/Driving License/Passport.
To Proof of income: you can show your Bank account statements, Income Tax Returns, etc.
Property-related documents: Buyer agreement/title deed, etc. (if applicable)
Other documents: Those pertaining to business (for self-employed applicants)
