There are ample of options available for commercial property loans and some of them work in similar way as residential property home loans. As an astute investor, you can select from fixed rate, variable rate, combination of fixed and variable interest rate and interest only loan. Some customized commercial loans often come with unique features such as zero processing charges and early payment facility.
While opting for commercial property loans, you need to pay larger deposit from your side to get an approval from financial lender. Many lenders can fund maximum amount which is 70% of your property value, which means the rest 30% is expected from your side, in the form of initial down payment. Sometimes investors finalize with their decision of commercial property investment but are not able meet the down payment because of liquidity crunch. In such cases, you can utilize some other form of short term loans like secured and unsecured loan. You can avail significant amount of funds against gold which act as mortgage in secured gold loan. Other forms of unsecured loans like personal loan and borrowed-money from friends or relatives may help you in meeting short term requirements. As interest rate involved in unsecured loans is as high as 20% per annum, you need to be cautious while enrolling for them in funding your down payment requirements.
If you are looking for any commercial property loans in Nasik, then you can consult with local mortgage brokers who will assist you in securing a loan with a best deal which has lower risk and maximum benefits. Your mortgage broker helps you in picking loan which suit your budget and needs. Most of the loan dealers have a tie up with commercial property builders of nasik, who assist you in getting best loan deal with attractive conditions. You can also make comparison according to features provided by loan lenders, who present during commercial property exhibition.