Commercial Loan

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Open an Account with Sadbhav Bank, please visit the bank near Dak Khana Mahal Road Chhatarpur Madhya Pradesh

SADBHAV NAGRIK SAHKARI BANK MARYADIT

Commercial Loan

A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank. It is typically used to fund major capital expenditures and/or cover operational costs that the company may otherwise be unable to afford.

Key Takeways

A commercial loan is done between a bank and a business, used to fund operating costs and capital expenditures.

Many commercial loans require collateral, such as property or equipment.

Companies generally have to provide financial statements to prove their ability to repay.

Although most commercial loans are short-term, they can be “rolled,” or renewed to extend the life of the loan.

Rate of Interest for Commercial Loan

The Bank is charging 14% on Commercial Loans.

Documents and Details required for Commercial Loan are as follows:

CIBIL Report

Bank Statement

Firm/Organization Registration

Quotation

Income Tax Return

Property for Mortgage

Diversion

Namantaran/Mutation

Bhu Pustika

Life Insurance

Collateral Insurance

Co-Applicant/Gurantor Details

Applicant KYC

Co-Applicant/Guarantor KYC

Mobile Number

Valuation Report

Search Report

Fees structure for Commercial Loan

Fees Structure for Commercial Loan are as follows:

S.No.	Expense Title	Fees/Expense
1.	Share Capital	2.5% of Sanction Amount
2.	Processing Fees	2% of Sanction Amount
3.	GST	18% GST on Processing Fees
4.	Building Fund	INR 250

Useful Links

Accounts	Deposits and Investments	Loans and Advances	Payments	Other Useful Links	Request or Enquiry Form
Saving Account	Fixed Deposit	Commercial Loan	NEFT	RBI Kehta Hai	First Name:
Current Account	Recurring Deposit	Housing Loan	RTGS	RBI Circular Index	Last Name:
		Vehicle Loan		FAQ	Mobile Number:
		Cash Credit Limit		Sitemap	Choose a Product:
		Personal Loan		Privacy Policy	Choose a Reason for Contact:
		Consumer Loan		Terms & Conditions
		Fixed Deposit Loan		Loan Calculators
		Recurring Deposit Loan
		Loan Against Property Loan
		Gold Loan

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