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| Commercial loans are broadly classified as follows: |
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| Loan for buying commercial property: |
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If a customer wishes to setup a shop or an office and wants to purchase the same, the loans are available at attractive interest rates |
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| Loan against commercial property: |
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If a customer already has self owned commercial premises in his individual name or in the name of the company and wants to unlock the value of the said commercial property he can avail of this loan |
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Under this program apart from normal products on the basis of income, few other tailormade products are made as per the customer’s requirement |
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| They are broadly classified into: |
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| Debt Consolidation: |
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Customer has the option of closing other loans (personal loan, auto loan etc) in which scenario the same will be removed from obligations while calculating eligibility |
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No financials are required for assessment Eligibility calculations basis good repayment track records |
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| USP - Single Emi with lower rate of interest and higher tenor. |
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| Gross Turnover and Gross Receipt Program: |
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Suitable for firms with high turnover but not very healthy bottom lines |
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Gross receipts program is suitable for Doctors and Chartered Accountants |
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Eligibility calculated by applying pre-defined multipliers to gross turnover or gross receipts |
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| Liquid Income Product: |
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Suitable for customers with low declared financials but good cash flow |
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Program is based on a CA assessment of the customer’s financials, so the customer needs to be sensitized to the fact that assessment would be done for checking credit worthiness only |
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| Mortgage Takeover Program: |
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Financial assessment of the customer is not required |
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The loan is given only on the basis of existing repayment track record |
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| Lease Rental Discounting: |
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If the customer has given his commercial premises on lease to a MNC/ Bank whereby he gets a monthly rental |
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On the basis of future rent receivable the customer can avail loans which is said to be lease rental discounting |
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Normally the product is offered by all the banks / Financial institutions for a period of 9 years |
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