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Learn everything about a mortgage loan against immovable commercial real estate

Do you own commercial property and want to borrow money against it? If yes, here is what you need to know.

HeroFinCorp
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Learn everything about a mortgage loan against immovable commercial real estate

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  1. Learn everything about a mortgage loan against immovable commercial real estate

  2. What Commercial estate is eligible for a mortgage loan?

  3. Office Building • A centrally located office helps you obtain a substantial loan amount.

  4. Manufacturing unit • You can secure funds by mortgaging in a well-equipped factory. 

  5. Farmhouse • If you use the farmhouse for commercial purposes, such as renting it out for events, you can borrow money against it.

  6. What factors are crucial in mortgage loan approval?

  7. Creditworthiness • You can get quick approval if you have previously demonstrated good credit behaviour.

  8. Debt-to-income percentage • Make sure that after paying your total EMIs, you have more than 50% of your income left.

  9. Business Type • You will not be approved for funds if you are conducting illegal business.

  10. Obtaining a loan against a commercial asset is simple if you understand the lenderrequirements and have the necessary documentation.

  11. Thanks! Would Love to hear from you. Hero Fincorp Limited 09, Basant Lok, Vasant Vihar, New Delhi - 110057 Tel : 18001024145 Email : customer.care@herofincorp.com Website :https://www.herofincorp.com/ • Know More : https://www.herofincorp.com/blog/loan-against-property-against-immovable-commercial-assets

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