A Mortgage loan is a type of secured loan that a person can avail by providing an immovable asset as mortgage as mortgage with the lender. The asset can be a residential and commercial property.
The loan amount provided can helpful to meet diverse funding needs involving big-ticket expenditures as Overseas education, a grand wedding, growing business needs, or unforeseen medical expenses. Mortgage Loans customised to the needs of salaried and self employed individuals.
HIGH – VALUE LOANS
Facilitates the customer to access a higher loan amount at affordable Mortgage Loan interest rates. Salaried personnel can avail loan amount up to Rs. 1 Crore, while the self-employed individuals can get a loan amount up to Rs. 3.5 Crore.
HASSLE FREE LOAN DISBURSAL
With minimal documentation and quick processing, the application for the loan is completed in just 4 days. This makes the fastest process of Loan Against Property and also provides doorstep service for submitting the mortgage loan documents.
Salaried individuals can avail loan tenor ranging from 2 to 20 years to repay the loan conveniently. Self-employed individuals can select a tenor of up to 18 years to repay the loan. The customers can part-prepay the loan anytime at minimal charges.
EASY BALANCE TRANSFER FACILITY
The customers can easily transfer their existing mortgage loan to any banks of non banking finance companies and get a high-value top-up loan.
FLEXI HYBRID FEATURE
This option allows the customer to borrow as their need and pay interest only on the amount utilised. The customers can manage their finances effectively and pay interest-only EMIs.
ONLINE ACCOUNT ACCESS
The customers can access their loan details anytime and anywhere through the customer portal- Experia of the banks or finance companies in which they availed loan. With tools like Mortgage Loan Eligibility Calculator and Mortgage Loan EMI Calculator, the customers can manage their loan easily.
Mortgage loan is given against fully constructed, freehold residential and commercial properties for both Personal and Business Needs (other than for speculative purposes) like marriage, medical expenses and child’s education etc. Existing Loan Against Property(LAP) from one bank and financial institutions can also be transferred to bank and financial companies. We will also give clear picture regarding the frequently asked questions regarding the loan.