Achieve Business Growth with Our Commercial Loans
Accelerate your business growth with 24×7 Achha Hoga Advisory Pvt. Ltd.! Our Business Loan services offer the perfect solution for expansion, equipment purchases, or managing cash flow. With flexible loans up to ₹5 crore, competitive interest rates, and personalized repayment options, we ensure you get the funds you need quickly and hassle-free. Our fast approvals and minimal documentation process mean less waiting, more growing. Backed by 20+ years of expertise, we empower businesses of all sizes to reach their full potential with the right financial support.
Key Features of our Commercial Loan
Maximize Business Loan Eligibility
Prepare a business plan, know your credit score, choose the loan amount, research loan options, and have documents ready.
Common Documents Required
Proof of address & identity, business proof, income proof, partnership deed, articles of association, board resolution, PAN card, etc.
Business Loan Approval Criteria
Applicants aged 21 to 65, business vintage of 1-2 years, minimum turnover as per ITR, and profit-making for at least 1 year.
Advantages and Highlights of Commercial Loan
Diverse Property Types: Whether it’s office spaces, retail outlets, warehouses, or industrial properties, our loans cover a wide range of commercial real estate. This flexibility allows businesses to choose the right property to suit their operations and growth plans.
Quick Approval & Disbursal: Time is of the essence in business. We offer a streamlined approval and disbursal process so you can access the funds quickly, ensuring you don’t miss out on opportunities and can start your projects promptly.
Collateral Advantage: By leveraging the value of your commercial property as collateral, you can secure the funds you need for business expansion or new projects. This ensures access to larger loan amounts, giving you greater financial freedom.
Support for Property Development: Our loans can also be used for property development or renovations. This allows you to tailor the property to your specific business requirements, ensuring your space supports your long-term goals.
Diverse Property Types: Whether it’s office spaces, retail outlets, warehouses, or industrial properties, our loans cover a wide range of commercial real estate. This flexibility allows businesses to choose the right property to suit their operations and growth plans.
Quick Approval & Disbursal: Time is of the essence in business. We offer a streamlined approval and disbursal process so you can access the funds quickly, ensuring you don’t miss out on opportunities and can start your projects promptly.
Collateral Advantage: By leveraging the value of your commercial property as collateral, you can secure the funds you need for business expansion or new projects. This ensures access to larger loan amounts, giving you greater financial freedom.
Support for Property Development: Our loans can also be used for property development or renovations. This allows you to tailor the property to your specific business requirements, ensuring your space supports your long-term goals.
Eligibility Criteria for Commercial Property Loan
To apply for a commercial property loan in India, here’s what you need to know:
- Nationality: You must be an Indian citizen.
- Age Requirements: If salaried, you should be between 21 to 65 years; if self-employed, between 25 to 70 years.
- Income Stability: A steady income from your business or profession is crucial to cover loan repayments.
- Credit Score: A good credit score, typically 750 or higher, boosts your chances of approval.
- Property Ownership: You must own a commercial property free of legal issues and meet the lender’s valuation and location criteria.
- Collateral: The property can serve as collateral or be used for rental income.
- Required Documents: Keep identity proof, address proof, income documents, bank statements, and property papers ready when applying.
- EMI Calculation: Use an online EMI calculator to estimate your monthly payments and total interest based on your loan amount, interest rate, and tenure.
Required Documentation for Business Loans
The documents you need to submit for a business loan depend on the type of business entity. Below is a list of commonly required documents to start the loan process:
- Income Tax Returns (ITR): Past 2-3 years of ITR filings.
- Bank Statements: Current account statements for the last 12 months.
- PAN Card: Photocopy of the business owner’s or company’s PAN card.
- Residential Address Proof: Any of the following – Voter ID, Passport, Aadhaar, Telephone Bill, or Electricity Bill.
- Business Address Proof: Telephone or electricity bill for the business premises.
- Financial Statements: Last financial year’s provisional financials and projections for the coming year.
- Business Profile: Company’s business profile on official letterhead.
- Photographs: 2 passport-sized photos of promoters and property owners.
- Loan Details: Sanction letter and repayment schedule of any existing loans.
- GST Documents: GST registration certificate and returns for the last 2 years.
- Tax Registrations: D-VAT or Sales Tax registration copies.
- Udyam Aadhaar Certificate: Registration certificate for small businesses.
- Rent Agreements: Rent agreement copy for factory and/or residence, if applicable.
- Business Continuity Proof: Evidence of business continuity for 3 years (e.g., ITR filings or company registration).
- For Private Limited Companies: Company PAN card, Certificate of Incorporation, Memorandum and Articles of Association (MOA & AOA), list of directors, and shareholding pattern.
- For Partnership Firms: Partnership deed and company PAN card.
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 4999/- to 5% of Loan Amount |
| Loan Cancellation | Usually 3000 to 5% of Loan Amount |
| Stamp Duty Charges | As per value |
| Legal Fees | As per value |
| Penal Charges | Usually 2% per month |
| EMI / Cheque Bounce | Approx 500/- to 600/- |
Charges may vary as per Case scenario!