Business Loan
Grow your business with our commercial financing solutions
Shop/Commercial Loan
Finance for purchase or construction of commercial property
The main objective of this scheme is to provide financial assistance to meet various needs and requirements of individuals, self-employed persons, professionals, and business persons for purchase or construction of commercial building or shop.
Whether you're looking to expand your business, purchase a commercial space, or construct a new shop, Fingrowth Bank offers flexible financing options tailored to your business needs with competitive interest rates.
Purpose & Object
Financial assistance for:
Shop Purchase
Purchase of commercial shop or retail space
Construction
Construction of commercial building
Office Space
Purchase of office or commercial space
Business Expansion
Expand your existing business premises
Eligibility Criteria
Who Can Apply?
Individuals & Co-Borrowers
Self-employed persons, professionals, and businessmen (may include co-borrower)
Business Entities
HUF, Trust, Firm including Partnership Firm, Group, Association of Persons & Pvt/Ltd Company
Age Limit
Maximum age limit: 60 years. If age is above 60 years, a co-borrower is insisted upon.
Loan Amount Calculation
Loan admissibility is assessed based on the following criteria (lowest of the below):
Income-Based
48X Monthly Income
OR 4X Yearly Income
Property Value
75% of Value
Of registered property value
Margin
25%
Borrower contribution (5% relaxation allowed)
Maximum Limit
Up to Rs. 200 Lakhs
Subject to special approval
Special Relaxations:
- In genuine cases, loan limit up to 5 times of annual income may be considered
- Relaxation in margin up to 5% (i.e., 20% instead of 25%)
Security Requirements
Primary Security
Equitable mortgage of legally acceptable title documents of non-encumbered shop/commercial building/urban property allotted by JDA/other municipal authority in the name of borrower, either self-occupied or vacant, not mortgaged to any institution/bank for any purpose.
For Shop from Builder/Commercial Complex
- Original stamped agreement executed with builder on Rs. 100/- stamp paper
- Receipts of payment made to the builder
- Certified copy of permission letter granted by competent authority (JDA/JMC etc.) to the builder
- Certified copy of approved plan of building/commercial complex
- Any other document, if required
Margin Requirement
Margin of 25% on registered value of property (70% loan). Relaxation up to 5% available for approved projects
Documentation Required
For Self-Employed & Professionals:
- Duly filled application form
- Evidence of income
- Income Tax Returns of last 2 years with PAN Card
- Bank account statements (if not account holder)
- Business registration documents
- Residence and business address proof
For Companies/Firms:
- Registration certificate
- Partnership deed/MOA & AOA
- Audited financial statements (last 2 years)
- IT Returns with PAN
- Board resolution for loan application
Personal Guarantee
Third party personal guarantee of two persons having good credentials and adequate net worth
Terms & Conditions
Interest Rate
As per prevailing rates. Interest calculated on reducing balance method
Repayment Period
Up to 10 years (120 months) based on repaying capacity
Disbursement Timeline
Construction: After 12-18 months completion
For Purchase
Purchase: EMI starts after 2-4 months
Processing Fee
0.70% + GST
Minimum Fee
₹500
Key Benefits
Up to 200 Lakhs
High loan amount available
Up to 10 Years
Extended repayment tenure
Flexible Tenure
Repayment as per capacity
Quick Processing
Fast approval process
Ready to Grow Your Business?
Apply for a business loan and expand your commercial ventures
Other Loan Products
Check Eligibility
- Minimum age: 21 years
- Maximum age: 60 years
- Stable business income
- Valid property documents
Where to Apply?
Visit any branch in Jaipur, Kishangarh (Ajmer), Palanpur (Gujarat) or contact Head Office.