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Commercial Mortgage Loans

Flexible Financing for Your Commercial Property

Unlock Your Business Potential with MyFinCorp Commercial Mortgage Loans

At MyFinCorp, we understand that the right commercial property can significantly impact your business’s growth and success. Our Commercial Mortgage Loans are designed to provide you with the financial support you need to invest in, expand, or renovate your commercial real estate. With competitive rates, flexible terms, and expert guidance, MyFinCorp is your trusted partner in achieving your business goals.

 

Why Choose Commercial Mortgage Loans?
  • High Loan Amounts: Secure substantial funding to finance your commercial property acquisitions, expansions, or renovations, tailored to your business needs.

  • Competitive Interest Rates: Benefit from attractive interest rates that make your commercial real estate investments more cost-effective.
  • Flexible Repayment Terms: Enjoy flexible repayment options with tenures ranging from 5 to 15 years, ensuring that your EMIs align with your business cash flow.
  • Variety of Property Types: Our loans cater to various types of commercial properties, including office spaces, retail outlets, warehouses, industrial units, and mixed-use properties.
  • Loan-to-Value Ratio (LTV): Avail up to 70% of the commercial property’s market value, providing significant funding while requiring a reasonable down payment.
  • Customized Loan Products: We offer tailored mortgage solutions to meet specific business requirements, including construction loans, bridge loans, and refinancing options.
  • Quick Disbursement: Experience a streamlined application process with quick approvals and disbursement of funds, enabling timely investment in commercial properties.
  • Prepayment and Foreclosure: Flexibility to prepay or foreclose the loan with minimal or no penalties, helping you reduce the interest burden over the loan tenure.
  • Balance Transfer Facility: Transfer your existing commercial mortgage loan to another Banks for better interest rates and improved terms.
  • Top-Up Loan Facility: Avail additional funds through top-up loans on your existing commercial mortgage without the need for a new loan application.
  • Collateral Options: Utilize various types of commercial properties as collateral, ensuring that you can leverage the value of your assets effectively.
  • Expert Financial Guidance: Access to a dedicated team of financial experts to guide you through the loan process and help you make informed decisions.

KYC: Applicant and Co-Applicant 

  • PAN Card (Mandate)
  • Aadhar Card (Mandate)
  • Voter ID (optional)
  • Driving License (optional)
  • Passport  (optional)
  • Latest Passport Size Photo
  • Employer ID card
  • Resident Address Proof 

Income Proof Documents: 

  • 3 months Pay slips (Latest)
  • IT returns for the past 2 years  or Form 16 or PF ( Provident Fund ) Statement
  • 6 months Bank Statement latest where your salary is credited

KYC: Applicant and Co-Applicant 

  • PAN Card (Mandate)
  • Aadhar Card (Mandate)
  • Voter ID (optional)
  • Driving License (optional)
  • Passport  (optional)
  • Latest Passport Size Photo

Income Proof Documents :

  • Income Tax Returns ( ITRs ) for the Last 3 years ( Along with Profit & Loss and Balance sheet and Computation of income)
  • Office or Shop Business Registration Certificate.
  • One year Bank Statement from personal a/c and Current Account
  • GST registration certificates, 1 year GST monthly returns (if applicable.)
  • Partnership deed in case of partnership firms (if the applicant is one of the partners).
  • Certificate of Incorporation in case of Limited or Pvt. Ltd Company (if the applicant is one of the Directors).

KYC : Applicant and Co-Applicant

  • Valid passport and visa (attested copy)
  • PAN, Driving License, Aadhar Card
  • Address proof with the current overseas address
  • Documents must be attested by  Overseas Notary Public or Indian Embassy/Consulate.
  • passport size photograph
  • Employer identity card

Income Proof Documents for NRI

  • For Salaried
    • Employment contract Letter with an English translation (if it’s in another language)
    • Last 6 months’ salary slips or salary certificate
    • Last one Year bank statements showing salary credits
    • Latest Individual Tax Return (duly acknowledged copy) except for NRIs/PIOs located in Middle East countries & Merchant Navy employees.
  • For Self-employed
    • Business address proof
    • Income proof in case of Self-employed Professionals / Businessmen.
    • Last 2 years’ balance sheet and P&L accounts (audited / C.A. certified).
    • Last 2 years’ Individual Tax Return except for NRIs/PIOs located in Middle East countries
    • Last 12 months’ bank statements of overseas account(s) in the name of individual as well as company.
  • GPA ( General Power Attorney ) PAN, Aadhar Who is Staying in India   
  • Agreement of Sale
  • Mother link Document Copies of all, that can establish the chain of ownership for the past 20 years.
  • Building Construction Permission Plan
  • Encumbrance certificate for 20 years
  • Property tax paid receipt

The Loan Journey

Minimum Loan Starts
₹ 25 Lacs
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