Commercial & Industrial Property Loan
Commercial and Industrial Property Loans in Singapore are specialized financial products designed to help businesses acquire, expand, or invest in commercial and industrial real estate properties. These loans are distinct from residential home loans and cater specifically to the needs of businesses looking to purchase, develop, or refinance properties for commercial and industrial purposes. They are intended for business or investment use.
Commercial and Industrial Property Loans can have fixed or variable interest rates. The loan terms and repayment structures can vary, often with flexibility to suit the specific needs of the business borrower.
The Loan-to-Value (LTV) ratio in Singapore for commercial and industrial property loans varies between different banks in Singapore. Banks can finance 70% to 90% of the property’s value.
Loan tenors ranges from 10 to 30 years, depending on the guarantor’s current age.
Interest rates can be either fixed or variable and may be based on benchmarks such as the Singapore Overnight Rate Average (SORA).
Loan Requirements
Businesses seeking these loans must meet specific eligibility criteria, including demonstrating a stable financial track record, having a viable business plan for the property, and showing the ability to service the loan.
Consult with us to help you make informed decisions about the Commercial Property Loan.
Documents required for a no obligation assessment:
- Latest 6 months Bank Statements
- Latest 2 years Financial Statements or latest Management Accounts
- Copy of NRIC for all directors and guarantors
- Copy of latest 2 years Notice of Assessment for all directors and guarantors
- Option to purchase (if any)
- Letter of Offer from current financier (for refinancing)
- Latest Statement of Account (for refinancing)
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