+91 8130292751

ccare@fnfin.com

Commercial Loan

Products

Construction

  • C & C Constructions
  • Best Constructions (India)
  • DLF, Precision (Oman)

Eligibility

  • Minimum age of applicant - 21 years
  • Maximum age of applicant at loan maturity - 60 years
  • Minimum loan amount -
    For Personal 1, 00, 000/-
    For Housing Loan 5, 00, 000/-
    For Commercial loan 3, 00, 000/-
  • Loan to property value
    For Housing & Commercial Loan 60%

Schedule of fees & charges for Property Loans

(subject to revision as per the discretion of company from time to time the rates stated below are applicable as on date of disbursement till changed by the company the changed rates shall be applicable as and when changed by the company)

Fees & Charges Amount
* Home loans (HL) 1.00 % of loan amount + service tax (subject to minimum of Rs. 10,000 + services tax)
* Commercial property loans (CP) 1.50 % of loan amount + service tax (subject to minimum of Rs. 10,000 + services tax)
Non refundable processing fees payable at the time of application (included in the processing fees)
Loan type Charges
Home loan Rs. 5000 + service tax
Commercial loan Rs. 7000 + service tax
Cheque bounce charges Rs. 500 + service tax (per instance)
Late payment charges 3 %  per moth
Cheque swap charge Rs. 500 + service tax (per instance)
Facility statement charges (nil for 1 statement every half yearly) Rs. 500 + service tax
NOC issuance charges (nil for first NOC) Rs. 500 + service tax
Document retrieval charge Rs. 500 + service tax
EMI cycle charge Rs. 500 + service tax
Foreclosure statement charges Rs. 200 + service tax
Switch charges (Floating to fixed and vice versa only if the product exists at the time of request and is permitted by company) 3 % + service tax of the loan outstanding
Part prepayment Charges Part prepayment can be done after 6 months from date of first disbursement. Subject to minimum of Rs. 50, 000 and maximum of 25% of the loan outstanding at the beginning of the financial year. One payment allowed every financial year. All part Pre payments made 12 months prior to the foreclosure of the loan will be charge at the applicable foreclosure rate at the time of foreclosure.
Foreclosure Charges Home Loan - NIL for Floating rate of interest. 2% + service tax on principle outstanding for fixed rate of interest. Loan Against Property/ Commercial Property Loan/ Lease Rental Discounting - 5%  + service tax in the first 12 months from date of 1st disbursement. 3% service tax for loans foreclosed between 12-24 months from date 1st disbursement 2% + service tax thereafter. The charge is levied on the loan outstanding at the time of foreclosure.
Stamp duty (Facility documentation & Property) + Registration As per actual
Legal, repossession and incidental Charges As per actual
Creation of charge with ROC As per actual
Customer Credit information Report -- (Credit Bureau) Individual Customers - Rs. 500 per report, Non Individual Customers - Rs. 1000 per report
Any other charge As per sanction letter and Loan Agreement

Documentation:

The Following documents are required alon with Application Form to process your Loan.

Salaried Customers Self Employed Professionals Self Employed Non Professionals
Application form with photograph Application form with photograph Application form with photograph
Identity and Residence Proof Identity and Residence Proof Identity and Residence Proof
Latest Salary-slip for last 3 months Education Qualification
Certificates and Proof
of business existence
Proof of business existence
Form 16/ITR Last 3 years Income Tax returns Business profile
Last 6 months bank statement Last 3 years Profit/Loss and balance Sheet Last 3 year Income Tax returns
    Last 3 years Profit/Loss and Balance Sheet statements
Processing fee cheque Last 6 months bank statements Last 6 months bank statements
  Processing fee cheque Processing fee cheque

FMCG

  • Best Foods Ltd

Not for Profit organisations

  • Allied JB Friction Pvt. Ltd
  • Allied JB Friction Pvt. Ltd

Healthcare

  • Allied JB Friction Pvt. Ltd
  • Allied JB Friction Pvt. Ltd

Media

  • Allied JB Friction Pvt. Ltd
  • Allied JB Friction Pvt. Ltd