Factors affecting loan against Commercial property interest rates

Hero Fincorp28 Aug, 2021Business

If you are applying for a loan against your commercial property there can be certain factors that determine the interest rate of the same. The interest rate of loans availed against offering a commercial property as security is generally higher than a residential property and varies from 8.75% to 15%. These are some of the important factors that affect your loan against commercial property interest rates: