Commercial & Institutional Loans
Hostel Mortgage Loans
Secure financing by mortgaging hostel properties. Raise funds against your existing hostel building for expansion, renovation, or any other business/personal requirements.
Key Features
Loan Amount
Up to 60% of property value
Competitive Rates
Interest from 11% p.a.
Long Tenure
Up to 15 years
Multipurpose Use
Any business/personal use
Rental Income Based
Eligibility on rental income
Continue Operations
Keep running your hostel
Why Choose Us?
Unlock Value
Monetize your asset
Keep Earning
Continue rental income
Quick Processing
Faster than business loans
Expert Support
Property valuation help
Documents Required
Property Documents
- Sale Deed
- Building Approval
- Occupancy Certificate
- Tax Receipts
- EC (15 years)
Business Documents
- Business Registration
- Trade License
- Current Occupancy Details
Financial Documents
- Rental Income Proof
- Bank Statements (12 months)
- ITR (2-3 years)
Frequently Asked Questions
Can I continue operating the hostel after mortgage?
Yes, you can continue running your hostel business. The mortgage is only a security; operations remain unaffected.
How is the property valued?
Valuation considers built-up area, location, condition, occupancy rates, and rental income potential. A bank-empaneled valuer will assess.
Can I use the loan for a new venture?
Yes, the loan amount can be used for any purpose - new business, expansion, education, medical, or personal needs.
What if I want to sell the property later?
You can sell after clearing the loan or with buyer taking over the loan (subject to lender approval and documentation).