Can industrial land be mortgaged?
To know whether industrial land can be loaned, we must first know what industrial land is. Generally speaking, industrial land refers to the independently set factories, workshops, manual workshops, construction and installation production sites, slag discharge (ash) sites and other land.
Industrial land can be loaned, but there are conditions. The most important condition for industrial land to be used for loans is to have a land title certificate. If there is no house on the industrial land, just show your land title certificate. However, if only one piece of land is contracted as industrial land, whether it is 10 year, 20 years or longer, this industrial land cannot be used for loans during this period, because we only have the right to use this industrial land.
Specific process of industrial land mortgage loan
If the industrial land meets the requirements and can be mortgaged, what should I do specifically?
1. First, the estimated total value of collateral should be calculated according to the loan amount to be applied and the mortgage rate promised by the bank (loan amount/collateral evaluation value).
2. Consult the real estate appraisal agency for the highest appraisal unit price that can be achieved in the appraisal of the target collateral, and then divide the total appraisal calculated in the first step by the highest appraisal unit price to calculate the required collateral area.
5. Go to an appraisal institution for appraisal and issue an appraisal report.
6. Go to the Cadastral Section of the Bureau of Land and Resources with the appraisal report and relevant company documents (business license, etc.). ) mortgage registration, fill in the maximum mortgage loan contract, provide the bank with the loan application and the information such as the shareholders' meeting (or the resolution of the board of directors) that the company agrees to mortgage the target plot.
7. Fill in the maximum mortgage loan contract, and wait for the bank to lend money after the bank requests the relevant information. At this point, the whole mortgage loan procedure is basically completed.
That's my answer. I hope I can help you and wish you a happy life!