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Open Plot Mortgage Loan

Empower Your Vision with Our Plot Loans

Secure Your Future with MyFinCorp Open Plot Loans

At MyFinCorp, we understand that owning a piece of land is a significant step towards securing your future, whether for building your dream home, starting a new project, or making a valuable investment. Our Open Plot Loans are designed to provide you with the financial support you need to purchase land with ease and confidence. With competitive rates, flexible terms, and expert guidance, MyFinCorp is your trusted partner in realizing your land ownership dreams.

Why Choose MyFinCorp Open Plot Loans?

  • Competitive Interest Rates: Benefit from attractive interest rates that make purchasing land more affordable.
  • High Loan Amounts: Access substantial funding to finance your plot purchase, ensuring you can secure the land you desire.
  • Flexible Repayment Terms: Enjoy flexible repayment options with tenures ranging from 5 to 20 years, making EMIs manageable and aligned with your financial plans.
  • Simple and Quick Processing: Experience a streamlined application process with quick approvals and minimal documentation requirements.
  • Loan-to-Value Ratio (LTV): Avail up to 70-80% of the plot’s market value, providing significant funding while requiring a reasonable down payment.
  • Top-Up Loan Facility: Get additional funds through top-up loans without the hassle of a new loan application, providing extra support for your plans.
  • Balance Transfer Facility: Transfer your existing plot loan to MyFinCorp for better interest rates and improved terms.
  • Prepayment and Foreclosure: Flexibility to prepay or foreclose the loan with minimal or no penalties, helping reduce your overall interest burden.
  • Expert Financial Guidance: Access to a dedicated team of financial experts to guide you through every step of the loan process, ensuring a smooth and hassle-free experience.

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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