Loan Against a Shop- Commercial Property Loans

A loan against a commercial property, such as a shop, helps you to leverage the value of your property to secure funds for diverse needs. With a loan against a shop, you can avail of Rs.5 Crore*, or more, based on your eligibility. 

Whether you are seeking funds for business expansion or improvements, Bajaj Housing Finance provides a Loan Against Property for both residential and commercial properties at competitive interest rates, and flexible repayment tenors, with end-use flexibility.  

Benefits of Availing of a Loan Against a Shop

A loan secured against a shop or commercial property offers the following advantages: 

Sizeable Loan Amount

You can secure a loan of Rs.5 Crore* or higher depending on your financial profile and property value.  

End-Use Flexibility

The funds secured through a loan against a shop can be utilised to address diverse financial needs, such as business expansion, debt consolidation, or housing expenses. 

Continued Property Usage 

Even after mortgaging the shop, you can continue using it for your regular business operations while repaying the loan.  

Competitive Interest Rates

Bajaj Housing Finance extends Loans Against Property, such as shops, at competitive interest rates to salaried, self-employed, and professional applicants. 

Long Repayment Tenor

By availing of a loan against a shop, you can benefit from a flexible repayment tenor of up to 17 years. 

Eligibility Criteria for a Loan Against a Shop

You need to meet the following parameters to apply for a loan against a shop with Bajaj Housing Finance:  

For Salaried Applicants:

• You should be a residing citizen of India.  
• The shop you wish to mortgage must be located in the cities where we operate. 
• You should be between 23 and 60 years** of age.  
• You should be employed in the public or private sector with a minimum of 3 years of work experience. 

For Self-Employed Applicants:

• You must be a residing citizen of India.  
• The shop to be pledged as a collateral should be located in a city where we operate. 
• You should be between 23 to 70 years** of age.  
• You should have a business vintage of at least 3 years. 

**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit is subject to change, depending on the property profile. 

Also Read: Eligibility Criteria for Obtaining a Loan Against Property 

Documents Required for a Loan Against a Shop

If you wish to apply for a loan against a shop with us, you need to submit the following documents:

• Aadhaar Card, Passport, Voter’s ID, or Driving License 
• PAN Card or Form 60 (mandatory) 
• Title Documents, mortgage, and ownership papers 

Based on your employment type, you will have to submit the following documents: 

For Salaried Employees:

• Identity card issued by the employer 
• Income Tax Returns of the previous years 
• Salary slips for the past 3 months 
• Bank account statements for the last 3 months 

For Self-Employed Applicants:

• Business registration certificate, partnership agreement, and ownership documents 
• Income Tax Returns for previous years 
• Balance Sheet and Profit and Loss Statements 

​​​​Note: Additional documents may be required at the time of loan processing. ​​​ 

How to Apply for a Loan Against a Shop

To apply for a loan against a shop, you can either visit our nearest branch or access our online application. Here are the steps to apply online: 

1. Go to our Loan Against Property application form. 
2. Fill in personal details as required.  
3. Enter the PIN code and the required loan amount. 
4. Generate and enter the OTP. 
5. Provide your financial and property-related information. 
6. Submit the application form

 Our representative will get back to you within 24 hours* to guide you through the next steps, which will include document submission and verification. 

*Terms and conditions apply.