For Mortgage loans or property loans, Loan amount would be derived at after ascertaining the repayment capacity based on net profit of the year, projected income, Debt Service Coverage ratio (DSCR) etc
It is a cost effective way of borrowing. Normally, you can take a mortgage loan for a longer duration and pay off your repayment by using smaller monthly EMIs.Mortgage loans charge lower rates of interest on your borrowings than any other loans hence mortgage loan is a secured loan. It is secured against your property and the bank or lender has the right to repossess your property if you can’t repay your loan. A mortgage loan helps you buy your own house. You can afford to buy a home with the help of this loan and be the sole owner of your property once repayment is over.
You can get loans against under construction property, fully constructed property, freehold residential and commercial properties for to get loan for a longer tenure. You can repay your loan with a simple repayment process through monthly installments. You can pay it off by paying smaller monthly EMIs.
Mortgage loans are offered at attractive interest rates and you can enjoy an easy and hassle free documentation process. You can get a mortgage loan anywhere in India with integrated branch network provided by banks.