Mortgage loan or loan against property means the borrower takes a loan which is secured against his current residential or commercial property.
The benefit of mortgage loan is that it considers the market value of the property as on date.
As such, the borrower can get higher amounts of loan. Best is, the loan money can be used to meet financials requirements of any kind.
10 Lac to 30Crore
Decided on Market Value of Property
Decided on repaying capacity of the borrower basis income documents
5 yrs to 15/20 yrs
Working capital requirement
To fill short term financial requirement
Business Expansion
To set up new business
Debt Consolidation
Home Extension or Renovation
Marriage, Travel or Education