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Can shops be mortgaged?
Of course. Personal store mortgage loan refers to the loan that the borrower applies for a loan from the lender with its own or third-party commercial house as collateral to solve the shortage of funds.

The basic conditions of mortgage loan for shops are: they must have the ownership of shops, the shops they operate cannot be rented, and the maximum loan amount generally does not exceed 50% of the assessed value. Banks will comprehensively determine the maximum loan amount according to factors such as the face value, market value and location of shops; The loan term and house age shall not exceed 30 years.

Legal basis:

Article 399 of the Civil Code of People's Republic of China (PRC) The following properties shall not be mortgaged:

(1) Land ownership;

(two) the right to use collectively owned land such as homestead, private plots and private hills, except those that can be mortgaged according to law;

(3) Educational facilities, medical and health facilities and other public welfare facilities of non-profit legal persons established for the purpose of public welfare, such as schools, kindergartens and medical institutions;

(4) Property whose ownership and use right are unknown or controversial;

(5) Property that has been sealed up, detained or supervised according to law;

(6) Other properties that may not be mortgaged according to laws and administrative regulations.