• Loans against property
  • Loan for commercial property
  • Documents
Description
Loan to finance all your business and personal needs, can be availed by mortgaging a property
Acceptable Collaterals
- Residential property
- Commercial property
- Industrial property
Max loan tenor
Up to 15 Years
Max loan eligibility
75% of property's market value* in case of a residential property
65% of property's market value* in case of a commercial property
50% of property's market value* in case of a industrial property

*Property's market value as assessed by Hero Housing Finance Ltd.
Rate of Interest
Starting at 11.75%
Description
Loan to individuals/business entities for purchase of office premises, shops or commercial properties.
Max tenor
Up to 15 Years
Max loan eligibility
60% of the property market value
Rate of Interest
Starting at 11.75%
Proof of both identity, age, and
residence (any combination
that fulfills both.)
Document ID Proof Address Proof only Relationship Proof Age Proof
Aadhar Card/E Aadhar
issued by UIDAI
Valid Passport
Pan Card
Driving License issued
by the RTO
Voter ID Card issued by
Ec
Job card issued by
NREGA duly signed by
an officer by the state Govt
Income
  • Last 3 months salary slip
  • Last 2 years Form 16
  • Bank statements for last 6 months reflecting salary credits
  • Appointment letter with salary breakup if current employement is less than 1 year old
Application Form
  • Application form
  • Passport size photograph of all the applicants / co-applicants to be affixed on the Application Form
  • Cheque for processing fee favouring ‘ Hero Housing Finance Ltd.
Details of current loans
  • Bank statement reflecting last 6 months EMI payment/ SOA of running loans
Property related documents
  • Copy of complete set of property papers including prior deeds
  • Latest property tax receipt/ utility bill

Note: All documents to be self attested. The above list is indicative in nature and additional documents can be asked for.

07, Basant Lok, Vasant Vihar New Delhi-110057
1800-103-5271