There are many ways of getting loan. May finance entities or individuals are there to finance your Property requirements. Below are the some examples:

Mortgage Bank, a state-licensed banking entity, provides mortgage loan directly to the consumer to purchase a real property.

Savings and loan institution association, or S&L, is a financial institution that specializes in making mortgage and other loans.

Regional banks are also there to provide loan to consumer. Although regional banks have some limitations to provide loans or other services, it will not be a trouble to get loan from a renowned bank. Despite having limitations, these banks can manage to provide you a good amount of loan.

Contact private investors. Some individuals are very wealthy and provide loan to others to purchase property or commence small business. The benefit of getting loan from a private investor is that you need not have to get into much more tension of loan documentation formalities.

When buy Commercial Property, bank is the most popular way among the above mentioned options for financing a Commercial Property. When banks are giving loans, they have a list of some requirement that is supposed to be fulfilled by the consumer to provide security and assurance against the loan. Following are the some common requirement of banks:

·         Commonly banks do not finance more than 75% of the value of property.

·         The applicant must be above 21 years old

·     The assurance can be supported with a debt-repayment ability of property by a ratio of 1:20X or higher. Debt Repayment Ratio can be calculated as Net Operating Income / Total Annual Debt Burden.

Take care of fraud agents or small finance entities that are experts at making fool out of you by taking some advance money as a loan processing fee or some other tricks. After getting money, they direct you towards fake deal. Some property dealers in Delhi are worth trusting to deal with them.