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Home / Loan Products / Loan Against Property Commercial

About Loan Against Property Commercial

At Shriram Housing, we always strive to ease our customer’s path of success. We provide you loan facility against an existing fully completed commercial property for your business expansion or any personal use like medical emergency/marriage expense/education etc.

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Why choose SHFL for your Loan Against Property Commercial

key features
Loan Amount

₹1 Lac - ₹10 Crore

Loan Tenure

Upto 25 Yrs

Subject to your retirement age

Flexible Repayment

Highly flexible - upto 25 years. Loan to be normally repaid before date of retirement in case of salaried persons and before attaining 70 years of age in case of others. Repayment upto 70 years also allowed to salaried employees having assured post retirement income.

Easy Documentation

With Simple Documentation Process. Getting a home loan from SHFL is easy and quick.

Dedicated Relationship Manager

We provide Dedicated Relationship Manager to offer a distinguished service to our Customers

Insurance Products

Life insurance cover is offered to housing loan borrowers , at affordable premiums against risk of death during the tenure of the loan under group insurance Credit shield scheme. We have a tie up with Shriram Life insurance and Kotak Life insurance for the same. The premium can be funded as well . We also offer a property insurance to our customers to safeguard the structure against any accidents or damages.

Loan Against Property Commercial Eligibility

  • You should be between the ages of 24 to 70 (at the time of completion of your home loan).
  • You should be a salaried individual, a self-employed Professional/Non-Professional or Non-Individual Entities.
    I AM
  • Salaried
  • self employed

For salaried individuals, home loan eligibility criteria is as follows –

Monthly salary must be a minimum of Rs. 30,000
A minimum of two years of work experience is a must

KYC Documents

DOCUMENTS (Self attested copy of any one of the following)
Latest 2 months Salary Slips
Latest 6 months banking with Salary credits (cash salaried not allowed)
Latest 1 Year form 16 (non mandatory for non taxable income)

Processing Fees

Up to 2.5% of the loan amount plus applicable taxes.

Pre-Payment Fees

Individual Borrowers – Nil

For self-employed individuals or entrepreneurs, home loan eligibility criteria are such that they have must at least three years of experience in their current field.

KYC Documents

Latest 2 years ITR along with Financials
Latest 6 months business banking. (CC/ OD/ CA)
Audit reports / Directors reports in case of companies
Partnership deed/ MOA-AOA/ List of directors/ Share holding pattern

Processing Fees

Up to 2.5% of the loan amount plus applicable taxes.

Pre-Payment Fees

Individual Borrowers – Nil


Application Process

Fill the application form and submit to us.

Our Representative will talk to you for a quick chat.

Congratulations! You’re on your way to secure Loan Against Property Commercial!

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Evaluate your finance with our calculator

  • EMI Calculator
  • Eligibility Calculator
Loan Amount :
Loan Tenure :
1 Year
30 Year
Rate of Interest :

Your EMI Amount will be


Principal Amount


Interest Amount


Total Amount Payable


Note: These calculators are provided only as general self-help planning tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances or an assurance from SHFL on the calculations.
Gross Income (Monthly) :
Tenure (Years) :
Rate of Interest :
Other EMIS :

Your Home loan Eligibility


Your Home Loan EMI will be


Note: These calculators are provided only as general self-help planning tools. Results depend on many factors, including the assumptions you provide. We do not guarantee their accuracy, or applicability to your circumstances or an assurance from SHFL on the calculations.

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Frequently Asked Questions

When is the right time to apply for a home loan?

From the time you decide to invest in real estate to the time you decide the final property, any time in between is a good time to apply for loans. The loan amount is sanctioned in principle so that you can know the loan amount limit. This will help you plan your other expenses involved during setting up your dream home.

Is home loan only for a ready property?

The good news is that you can avail a home loan for any ready property, under construction or if you are constructing your own house. The loan can also be applied before the commencement of the project.

Can I get an in-principle approval and actually avail of the loan later?

We are happy to say yes again! Before you choose the house you want to buy, we give you an in-principle approval based on your income and capacity to repay. This makes the entire process of identifying and buying a house easier and more flexible.

Who can be a co-applicant?

The Co-owners of the property for which loan has been sought can be co-applicants. The co-applicants must be blood relatives. Usually, joint applications are from husband-wife, father-son or mother-son.

Why should I have a co-applicant to the loan?

To maximize the sanctionable loan amount.. Adding a woman as co-applicant also helps in getting a better interest rate.

What is a Loan Against Property (LAP) ?

It is a loan against fully constructed, freehold residential and commercial properties for: Personal and Business Needs (other than for speculative purposes) like marriage, medical expenses and child's education etc. Existing Loan Against Property(LAP) from other banks and financial institutions can also be transferred to SHFL.

What is maximum funding that I can avail on a property as LAP?

Loan under LAP product varies based on the different product cap, the loan amounts usually varies from Minimum INR 10 Lakhs to Max INR 3 Crores.

Who can avail a Loan Against Property (LAP)?

Loan Against Property(LAP) can be availed by both salaried and self-employed professional (SEP) for professional and Self – employed Non Professional needs for personal needs (other than for speculative purposes) like marriage, Child's education, business expansion, debt consolidation etc.

What is the maximum term for which I can avail a Loan Against Property (LAP)?

You can avail a loan against property for a maximum term of 15 years or should comply age norms defined in SHFL policy whichever is lower.

What is the security that I need to provide to avail a Loan Against Property (LAP) ?

Security of the loan would generally be security interest on the property being financed by us and / or any other collateral / interim security as may be required by us.

Can I avail Loan Against Property (LAP) for a commercial property?

Yes, Loan against Property (LAP) can be availed against a fully constructed and freehold Residential and Commercial properties.

What are the fee & charges that are applicable on home loans & LAP?

To view the complete list of fee charges applicable on your home loan, please visit https://shriramhousing.in/terms-and-conditions

What Is EMI?

EMI (Equated Monthly Instalment) shall mean the amount payable every month by the Borrower to the Lender comprising of interest, principal and interest or as the case may be.

What Is Pre-EMI?

“Pre-Equated Monthly Interest Instalment" means the interest on part disbursements of loan, from the date of disbursement to the date, prior to the date of commencement of EMI.

Why should I get Home insurance?

In the event of an unfortunate incident, home loan insurance will help you or your family pay off the home loan. This ensures that the burden does not suddenly fall upon family members at a bad time.

Does the property have to be insured?

Yes, you will have to ensure that your property is duly and properly insured for fire and other appropriate hazards during the pendency of the loan. You will also have to produce evidence thereof to SHFL, each year and/or whenever called upon to do so. SHFL should be the beneficiary of the insurance policy.

What does ‘own contribution’ mean?

‘Own Contribution’ is the total cost of the property less SHFL’s home loan.

What does ‘market value’ of the property mean?

Market value refers to the estimated amount that is expected to be fetched on the property as per the prevailing market conditions.

Do I get tax benefits on the loan?

Yes. You are eligible for tax benefits on the principal and interest components of your Home Loan under the Income Tax Act, 1961.

What security will I have to provide?

Security of the loan would generally be security interest on the property being financed by us and / or any other collateral / interim security as may be required by us. It is extremely important for you to ensure that the title to the property is clear, marketable and free from encumbrance. There should not be any existing mortgage, loan or litigation, which is likely to adversely affect the title to the property.

When do I start repaying the principal amount?

Repayment of the principal commences from the month following the month in which you avail full disbursement of your loan. Any amount over and above the interest which is paid by you goes towards principal repayment, thus helping you repay the loan faster. This is especially useful in case your disbursements are likely to be spread over a longer period of time.

What does ’Agreement to Sale ’mean?

The ’Agreement to Sale ’ in a property transaction is a legal document executed on a stamp paper that records in writing the understanding between the buyer and the seller and all the details of the property such as area, possession date, price etc.

What does encumbrance refer to?

Encumbrance on a property refers to claims or charges on the property due to liabilities such as unpaid loans and bills. It is critical that during your home search you consider properties which are free of encumbrances of any sort.

What is an under construction property?

An under construction property refers to a home which is in the process of being constructed and where possession would be handed over to the buyer at a subsequent date on completion of the property.

When can I take disbursement of the loan

You can take disbursement of the loan once the property has been technically appraised, all legal documentation has been completed and you have paid your Own Contribution in full.

In how many instalments will the loan be disbursed to me?

Once we receive your request for disbursement, we will disburse the loan in full or in instalments. In case of an under construction property, we will disburse your loan in instalments based on the progress of construction, as assessed by us and not necessarily according to the developer’s agreement. You are advised in your own interest to enter into an agreement with the developer wherein the payments are linked to the construction work and not pre-defined on a time-based schedule.

Can I repay my loan ahead of schedule?

Yes, you can repay the loan ahead of schedule by making lump sum payments towards part or full prepayment, subject to the applicable foreclosure charges as per RBI Master Directions.

What is part/subsequent disbursement of a home loan?

SHFL disburses loans for under construction properties in instalments based on the progress of construction. Every instalment disbursed is known as a 'part' or a 'subsequent' disbursement.

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