A home for your business
Loan to purchase, extend or renovate your business premises. You can also receive financing for buying another property for investment purposes.
Enjoy a grace period for 12 months on capital repayment for a purchase/extension/renovation and investment. In case the property is under construction grace period amounts to 12 months on capital or interest and capital (not applicable if the loan is granted for investment purposes).
Maximum repayment period is 20 years.
Answers to all your questions
You need to contribute an amount from own resources and the balance will be financed by the bank. The contribution varies depending on the purchase purpose:
- For the purchase of business premises in a light industrial/industrial/free zone own contribution is 20%
- For the purchase of business premises in a residential zone own contribution is 30%.
- For the purchase of property for investment purposes own contribution is 40% (for buildings) or 50% (for plot of land/field)
A mortgage on the property to be purchased/extended or renovated is required.
You can obtain the necessary information on our interest rates from Relationship Officers in our Branch Network or the SME Banking centres.