Shop Loan

Expand or set up your shop with our Shop Loan. Get quick financial support with simple documentation and convenient repayment options.

Shop Loan

Smart financing solutions to grow your commercial business space

Shop Loan
Purpose
  • To purchase commercial new or old shop.
Eligibility
  • You should be a resident of India.
  • You should be at least 22 years of age at the time of loan application and a maximum of 65 years of age at the time of loan maturity.
  • Having sufficient score in Cibil ‘s reports.
  • A minimum annual turnover of INR 10 lakhs.
  • You should have a business experience of at least 5 years, Must have completed 3 years in current Business.
  • The business enterprise should be profit making since the past 2 consecutive years.
Documents Required
  • Duly filled prescribed application form.
  • KYC documents of applicant and 2 Guarantor i.e. PAN Card, Aadhar card, latest photograph, Identity proof, residence proof.
  • Latest Financial Papers ITR B/S & P/L & Computation of Income with all Schedule For Last 3 Years.
  • Agreement to sale / Sale deed.
  • Payment Receipts.
  • Sanction of Bldg Permit & Commencement Certificate.
  • Approved Plan Blue Print.
  • Completion Certificate.
  • Latest 7/12 & 6D Abstract for 30 Years.
  • Title Search Report.
  • Share Certificate, Conveyance Deed, In Case of Society.
  • Noc from Builder / Society to Mortgage the Property.
  • Sale Deed / Development Agreement / Power of Attorney from Original Owner of the Property.
  • NA Order, NA Tax paid Receipt.
  • Salary Under Taking for Salaried.
  • Two Guarantors Aadhar Card / Pan Card / Two Photo.
  • Two Guarantors Latest Financial Papers ITR B/S & P/L & Computation of income with all Schedule For Last 3 Year Certified by C.A.

Rate of Interest

11%* p.a