We provide lowest interest rate
|Bank Name||Interest Rate|
|HDFC Bank Commercial Property Loan Interest Rate||9.05 % – 11.05 %|
|Yes Bank Commercial Property Loan Interest Rate||9.05 % – 11.05 %|
|Axis Bank Commercial Property Loan Interest Rate||8 % – 10.05 %|
|Kotak Mahindra Bank Commercial Property Loan Interest Rate||8.9 % – 9.85 %|
Keeping this in view, are commercial loans more expensive?
The main reason is that commercial loans are more expensive. They usually come with higher interest rates and a shorter loan term (e.g., amortized over 20 years instead of 30 years), which raises your monthly mortgage payments significantly.
Moreover, can you get a fixed rate on a commercial loan?
Fixed rate commercial mortgage products are mortgages that have a fixed interest rate and payment for the full term of the loan. These loans make it easier to budget, especially over the long term, and offer stability across an ever-fluctuating market.
Do we get tax benefit on commercial property loan?
No limit is defined for the deduction of interest in case of commercial property loan. The taxpayer can claim tax deduction for the whole interest amount. However, starting FY 17-18, the maximum loss for Income from House Property if any after deduction of interest is capped at Rs 2 lakhs annually as explained below.
Commercial loans typically range from five years or less to 20 years, with the amortization period often longer than the term of the loan.
9 Types of Commercial Loans for Your Business
- Commercial Real Estate Loan. As the name implies, a commercial real estate loan is used to purchase commercial property. …
- Business Line of Credit. …
- Equipment Financing. …
- Term Loan. …
- Commercial Construction Loans. …
- Commercial Auto Loan. …
- SBA Loan. …
- Bridge Loans.
A commercial real estate loan is a mortgage secured by a lien on commercial property as opposed to residential property. Commercial real estate (CRE) refers to any income-producing real estate that is used for business purposes; for example, offices, retail, hotels, and apartments.
In a “balloon payment mortgage,” the borrower pays a set interest rate for a certain number of years. Then, the loan then resets and the balloon payment rolls into a new or continuing amortized mortgage at the prevailing market rates at the end of that term.
|Loan Type||Interest Rate||Security Type|
|Fixed Rates From||2.09%||Residential Security|
|Lease Doc Variable||3.40% – 5.99%||Commercial Security|
|1 Year Fixed Rate From||2.50% – 6.01%||Commercial Security|
|2 Year Fixed Rate From||2.50% – 5.83%||Commercial Security|
Commercial Rates means rates charged to customers other than residential. May be General Service Large, Medium or Small.
Average commercial real estate loan rates by loan type
|Loan||Average Rates||Typical Loan Size|
|SBA 7(a) Loan||5.50%-11.25%||$5 million (max)|
|USDA Business & Industry Loan||3.25%-6.25%||$1 million+|
|Traditional Bank Loan||5%-7%||$1 million|
|Construction Loan||4.75%-9.75%||$3 million+|
Best Loan Against Property Schemes
|HDFC Bank||8.00% p.a. – 8.95% p.a.||Up to 15 years|
|IDFC First||8% p.a. onwards||Up to 20 years|
|Tata Capital||10.10% p.a. onwards||Up to 15 years|
|Axis Bank||Up to 11.25% p.a. onwards||Up to 20 years|