Find top mortgage loan options in Hyderabad

Mortgage Loan LAP

Choosing the Right Mortgage Loan

Unlock Your Future with Mortgage Loans ( LAP )

Welcome to MyFinCorp, your trusted partner in achieving Mortgage loan, that owning property can provide opportunities to secure loans using it as collateral. Mortgaging a property ( Like Residential, commercial , Hospitals, Warehouse, Hostels, and specialized properties) can indeed be a viable option to obtain funds for various financial needs such as business expansion, education expenses, weddings, medical emergencies, Purchase other property and more. Lenders often offer lower interest rates on mortgage loans because the property serves as security, reducing their risk.

Why Choose MyFinCorp for Your Mortgage Loan?

Competitive Interest Rates: Benefit from some of the lowest rates in the market, making homeownership more affordable.
Flexible Repayment Options: Tailor your loan terms to fit your financial situation with various repayment plans.
Fast Approval Process: Our streamlined application and approval process gets you into your new home faster.
Expert Support: Our experienced loan officers provide personalized support every step of the way.
Customized Loan Solutions: From FHA and VA loans to refinancing options, we offer a variety of products to suit your needs.

At MyFinCorp, we believe in transparent, honest, and straightforward lending practices. We are committed to helping you navigate the loan process with confidence and ease. Start your journey with MyFinCorp – where your dreams become a reality.

9.5%

Interest Rate

Starts from 9.5 to 14%

70%

Loan Amount Range

Up to 70% on Property value

1.0%

Fees and Charges

Start from 1.0% to 2.0%

For Salaried Employees

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

For Self-employed

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).

For NRI

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

Property documents

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

Eligibility criteria for aMortgage loans in India typically include: Age: Most lenders require applicants to be between 21 and 65 years old. Income: A stable and sufficient income to cover EMI payments. Lenders may have minimum income requirements. Employment Status: Salaried individuals, self-employed professionals, and business owners are eligible, but criteria may vary. Credit Score: A good credit score (usually 700 and above) can enhance loan approval chances and result in better interest rates. Property Type: The property must meet the lender's criteria and legal requirements.

Interest rates on Mortgage loans in India are determined based on several factors: Repo Rate: The rate at which the Reserve Bank of India (RBI) lends to commercial banks influences lending rates. Credit Score: A higher credit score can result in a lower interest rate. Loan Amount: Larger loan amounts may attract different interest rates. Loan Tenure: Longer tenures can affect the interest rate. Lender Policies: Different banks and financial institutions have varying interest rate policies.

Mortgage loan, that owning property can provide opportunities to secure loans using it as collateral. Mortgaging a property ( Like Residential, commercial , Hospitals, Warehouse, Hostels, and specialised properties) can indeed be a viable option to obtain funds for various financial needs such as business expansion, education expenses, weddings, medical emergencies, Purchase other property and more.

The maximum tenure for a mortgage loans in India typically ranges from 15 to 20 years, depending on the lender's policies. Longer tenures result in lower EMIs but higher interest payments over the loan's life. Borrowers should choose a tenure that balances their monthly affordability with overall interest costs.

there is no tax benefits