Commercial Property Loan
Loans Designed for Commercial Opportunities
Whether you’re a startup founder, small business owner, or professional needing space to expand, ICICI HFC’s Commercial property loan supports your vision with fast funding, flexible documentation, and personalised service.
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Properties financed
Loans available for ready and resale properties
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Wider Income Assessment
Flexible income assessment for salaried and self-employed
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Better Eligibility
Increase eligibility by adding a financial co-applicant
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Dedicated RM
Local specialists who know your market and understand your needs
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Serving India’s Growing Entrepreneurs & Professionals
Eligibility for Commercial Property Loan
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Criteria
Salaried
Self-Employed
Maximum Loan Amount
Up to ₹3 crore
Up to ₹3 crore
Age
21 to 60 years
23 to 70 years
Bureau Score
700+
700+
Work Experience / Vintage
Minimum 2 years in current company and 8 in total
Minimum 2 years in current business and 3 in total
Minimum Income
₹12,000+ per month
₹1.5 lakh+ per annum
Disclaimer: Subject to ICICI HFC internal policies
Simple Documents, Fast Processing
Easy Steps to Finance Your Commercial Space
Step 1: Submit Form Online
Fill out the lead form on our website
Step 2: RM Assistance
Your RM will help you fill out the loan application form with your necessary details
Step 3: Login Fee
Pay a non-refundable application fee for the KYC verification process
Step 4: Verification & Approval
Your application is reviewed by the branch that analyses your income details & eligibility and legal, technical valuation, and personal discussion is conducted
Step 5: Loan Sanction
Once approved, you’ll receive your sanction letter via email
Step 5: Disbursal
Get the loan disbursed to your account instantly
Service Charges for Commercial Property Loan
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Charges
Details
Interest Rate Range
Fixed Rate - 14.15% - 23.00%
Floating Rate - 11.15% - 18.00%
Login Fee
₹3,000 onwards + applicable taxes
Processing Fee
1.0% - 3.0% of loan amount + applicable taxes
General
How does a commercial property loan work?
ICICI HFC offers a commercial property loan for the purchase of completed commercial properties such as shops and offices. The loan for commercial property is secured against the property itself and repaid in easy monthly instalments (EMIs).
Can I get a loan for a commercial property in a non-residential area?
Yes, you can. Under the commercial property loan product, ICICI HFC provides loans to purchase commercial property in approved areas, provided the property is complete and has a clear legal title.
Process
How is the loan application processed for commercial properties?
The commercial property loan process involves four key stages:
Login and document collection, credit appraisal (including CIBIL score, FOIR, and financial assessment, personal discussion), legal and technical evaluation, and finally, disbursement.
Login and document collection, credit appraisal (including CIBIL score, FOIR, and financial assessment, personal discussion), legal and technical evaluation, and finally, disbursement.
How can I apply jointly with a business partner or family member?
You can apply for a commercial property loan jointly by adding a co-applicant. Both applicants must submit joint ownership and income documents and meet the eligibility criteria for a commercial property loan.
How is property valuation conducted for loan approval?
ICICI HFC’s technical team conducts a site visit to assess the property. Valuation is carried out using the Property Appraisal System (PAS), which considers both the market value and the realizable value of the commercial premises before approving the commercial loan.
Documents
How many documents are required for a commercial property loan?
To apply for a commercial property loan, you’ll need to provide:
PAN card, Aadhaar/Passport/Driving License, income proof (ITR, GST, or financials), six months’ bank statements, property documents, and co-applicant documents (if applicable).
PAN card, Aadhaar/Passport/Driving License, income proof (ITR, GST, or financials), six months’ bank statements, property documents, and co-applicant documents (if applicable).
How are financial statements from a business entity evaluated for a commercial property loan?
The financials of your business are used to assess stability, repayment capacity, and FOIR. ICICI HFC reviews documents such as Profit & Loss statements, Balance Sheets, and GST returns to determine eligibility for commercial property loans.
What are the property documents for a commercial property loan?
Applicants must submit the sale deed, title documents, municipal approvals, and an encumbrance certificate. These are essential to process a loan to buy commercial property.
Eligibility
How is eligibility determined for a non-residential property loan?
Eligibility for a non-residential property loan depends on income level, FOIR, CIBIL score, property value and type, and, where relevant, business financials.
Is eligibility affected by joint property ownership?
Yes. When applying jointly, all property owners must be co-applicants. Their combined income is considered, and ownership documents are required to assess the commercial property loan application.
How does a credit score impact loan eligibility?
A CIBIL score of 700 or above is generally preferred for commercial home loans. A strong score can positively influence both the commercial property interest rate and the maximum loan amount sanctioned.
Interest
How is the interest rate determined for a non-residential property loan?
The commercial property loan interest rates depend on several factors, including income type, property type, CIBIL score, loan amount, and tenure. These aspects collectively determine the interest rate on commercial property loan applications.
What determines the interest rate for a non-residential property loan?
The commercial property loan interest rates are influenced by the loan amount, repayment tenure, and prevailing market commercial loan rates. ICICI HFC ensures competitive interest rates on commercial property loans and commercial construction loan products.
Frequently Asked Questions
Still got questions? We have answered them. Select the category to explore the FAQs.
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