Commercial Property Loan
A Commercial property loan is a medium- to long-term loan specifically designed to fund, re-finance and/or enhance non-residential property. This loan can enable you to purchase, expand or renovate any income-producing real estate that is used for business purposes such as retail shops, offices, hotels, and apartments
Some of the benefits
Competitive interest rates
Since this Property Loan is a secured, the interest rates are low
Ownership
You can own and use the property before you finish paying for it for as long as you do not default with the payments
Long repayment tenure
The repayment period is long making repayment installments an easy burden on the borrower
No repayment charges
The bank will not charge prepayment fees for this loan
What you get
- This is a specific loan for the funding of property investments and enhancements.
- The loan is specifically designed to fund the purchase, re-financing and additions/alterations of non-residential properties.
- Evaluation principles: primarily based on the property being bonded, being able to generate sufficient rental/lease income from either the owner tenant and/or contracted tenants.
- Collateral: rental/lease income supported by rental or lease income agreements offering a minimum of 3 years to return
- Period is 60 to 120 months
What it costs
How to get it
Visit your nearest Standard Bank branch with the following documentation:
- Cash-flow projections
- Financial statements
- Bank statements (new customer)
- Personal statements (Members/Directors)
- Rental/lease income projections and insurance policies.
If you have been in business for 12 months or more, you can apply for a Commercial property loan.
Minimum turnover requirements
Note: Terms and conditions apply.
-
What you get
-
What it costs
-
How to get it
- This is a specific loan for the funding of property investments and enhancements.
- The loan is specifically designed to fund the purchase, re-financing and additions/alterations of non-residential properties.
- Evaluation principles: primarily based on the property being bonded, being able to generate sufficient rental/lease income from either the owner tenant and/or contracted tenants.
- Collateral: rental/lease income supported by rental or lease income agreements offering a minimum of 3 years to return
- Period is 60 to 120 months
Visit your nearest Standard Bank branch with the following documentation:
- Cash-flow projections
- Financial statements
- Bank statements (new customer)
- Personal statements (Members/Directors)
- Rental/lease income projections and insurance policies.
If you have been in business for 12 months or more, you can apply for a Commercial property loan.
Minimum turnover requirements
Note: Terms and conditions apply.