All To Know About Mortgage

1
MORTGAGE
2
All To Know About Mortgage

• A mortgage is a loan taken out to buy property or
  land. The loan is 'secured' against the value of
  your home until it's paid off. If you can't keep
  up your repayments the lender can repossess (take
  back) your home and sell it so they get their
  money back.

3
Types of Mortgage

• Mortgage are of 3 types
• Home loans
• Commercial property loans
• Loans against properties

4
Features of Mortgage
High-Value Loans - A salaried individual can
avail up to Rs. 1 crore, while a self-employed
individual can avail up to Rs. 3.5 crore. Longer
Repayment Tenors - The repayment tenure ranges
from 2 to 20 years for salaried customers and 2
to 18 years for self-employed customers. Competiti
ve Interest Rates - Mortgage loan interest rates
are lower than the interest rates of unsecured
loans. Minimal Documents - You only have to
provide few basic documents to avail a mortgage
loan.
5
(No Transcript)
6
Mortgage Loan Interest Rate

• Mortgage interest rate indicates the annual cost
  to borrow money from your lender. The calculation
  is considered as a percentage of your total loan
  balance and is paid on installment, along with
  your principal payment, until your loan is paid
  off. Mortgage rates depend on various factors,
  including availability of money in the market
  (liquidity), inflation and monetary policies.

7
Get Competitive Interest Rates with Mortgage Loan
8

• Recommend Mortgage to avail the benefits Now!