Are there restrictions on the location or condition of the property?

Commercial property purchase loans typically do not impose strict location restrictions, but each property and project is evaluated independently based on its financial projections and viability.

The emphasis is usually on the intended commercial usage, operating plans, financial feasibility and growth outlook. As long as the applicant can demonstrate the property's income generation ability and loan repayment capacity, the loan can typically be approved.

In principle, commercial property purchase loans can be typically approved for:

• Rural, semi-urban or tier 2/3 cities if there is a sound business case.
• Distressed or dilapidated properties requiring extensive renovation, as long as the plans and budgeting are reasonable.
• Sites with environmental or zoning concerns, if the applicant has the means to address those issues.
• Any area, as long as the local market dynamics and demand drivers justify the activity proposed for that property.