Anyone applied for NRI loan for commercial peroperty?

[JohnSnow]

I am looking for 1 crore loan to buy some commercial property.

I know they ll give housing loan by taking our salary slips as proofs, But will i get loan for commerical property which has business? 

Please throw some light about the process and better interest rates

[JohnSnow]

Ltt

[Android_Halwa]

same to same process....

if you could provide any documentation that the so said commercial property has any tenants already then you can include the future lease amounts to support your application....or if the property you are buying, if there any active or proposed tenancy that will help you get better rates,,,

lekapothey inkedaina takattu pettu ani adugutaru...comemrical property konadaniki jara paper work and tareekha alag vuntadi...completely depneds on the bank and type of property

[JohnSnow]

5 minutes ago, Android_Halwa said:

same to same process....

if you could provide any documentation that the so said commercial property has any tenants already then you can include the future lease amounts to support your application....or if the property you are buying, if there any active or proposed tenancy that will help you get better rates,,,

lekapothey inkedaina takattu pettu ani adugutaru...comemrical property konadaniki jara paper work and tareekha alag vuntadi...completely depneds on the bank and type of property

Housing loan lage payrolls chusi process chesthada or emanna properties surety ga pettamantada?

[SH_221B]

@JohnSnow @Android_Halwa Housing loan amount depends on NRI's salary?

Around 2 crores loan kosam planning to buy a house.

[Android_Halwa]

Just now, JohnSnow said:

Housing loan lage payrolls chusi process chesthada or emanna properties surity ga pettamantada?

they usually go by a formula...for example if the property value is 1 crore, they look for assurances,surities and securities for at least 2 crores...they can be either 60 times the monthly pay check, un-encumbered property value in urban docks for atleast 2 crores like a plot, if it is a built house, then depending upn the age of the house, etc...

commercial property ki paper work ekuva vuntadi....proposed tenant vunadu ani document cheyisthe load taggutadi...most people do this way

[Android_Halwa]

6 minutes ago, JohnSnow said:

Housing loan lage payrolls chusi process chesthada or emanna properties surity ga pettamantada?

Resindential housing aithe emi vundadu exytra surity...manam kondam anukunnade already vaade petukuntadu kada...inkemi surity....

[Android_Halwa]

2 minutes ago, SH_221B said:

@JohnSnow @Android_Halwa Housing loan amount depends on NRI's salary? 

and lot of other factors but being an NRI, it weights more.

atu itu ga aithe oka 2-3cr varaku easy ga ne sanction aitadi...but then again depends on the kind of property too

[JohnSnow]

3 minutes ago, Android_Halwa said:

they usually go by a formula...for example if the property value is 1 crore, they look for assurances,surities and securities for at least 2 crores...they can be either 60 times the monthly pay check, un-encumbered property value in urban docks for atleast 2 crores like a plot, if it is a built house, then depending upn the age of the house, etc...

commercial property ki paper work ekuva vuntadi....proposed tenant vunadu ani document cheyisthe load taggutadi...most people do this way

Okay thank you

[SH_221B]

Just now, Android_Halwa said:

and lot of other factors but being an NRI, it weights more.

atu itu ga aithe oka 2-3cr varaku easy ga ne sanction aitadi...but then again depends on the kind of property too

Property type - Villa. Within 10 km of financial district

[SH_221B]

6 minutes ago, Android_Halwa said:

and lot of other factors but being an NRI, it weights more.

atu itu ga aithe oka 2-3cr varaku easy ga ne sanction aitadi...but then again depends on the kind of property too

Middleman involvement avasaram untunda loan approval process lo? 

He's quoting 2% of the loan amount as a commission. Bekaar anipisthundi 

[JohnSnow]

Just now, SH_221B said:

Middleman involvement avasaram untunda loan approval process lo? 

He's quoting 2% of the loan amount as a commission. Bekaar anipisthundi 

No need baa.. bank manager tho ne pettuko. Middle vallu job leni vallaki ippinchataniki help avtaru. But manaki anni docs proper untai so no need

[Android_Halwa]

2 minutes ago, SH_221B said:

Property type - Villa. Within 10 km of financial district

market value complete white payment with receipt and GST oka 2 crore vunte, bank odu niku 1.5 varaku istadu, migita 50 nuvvu esukovali...more or less this is the equation..

black la emaina payment chesthe adi alag lekka...cash payment chesi, builder gaade GST esukunta ante adi inkoka lekka...so go with the equation 60-70% of market rate loan..

[SH_221B]

Just now, JohnSnow said:

No need baa.. bank manager tho ne pettuko. Middle vallu job leni vallaki ippinchataniki help avtaru. But manaki anni docs proper untai so no need

Thanks macha. Any specific bank recommendations based on your experience? 

[JohnSnow]

Just now, SH_221B said:

Thanks macha. Any specific bank recommendations based on your experience? 

Nenu SBI lo ne theesukunna oka 70 lakhs so far for my business. Normally ICICI faster ga approve aipoddhi ani kuda vinna.

But i suggest sbi