- It has become a lot easier now to take a loan for any kind of financial emergency by mortgaging your property. If you are the owner of a loan-free residential or a commercial property, you can apply for a loan against property with banks or private lenders who would be more than willing to offer you a loan by mortgaging your property.
- If you need a loan for financing your child’s education, a wedding in the family, for business expansion, or some unforeseen medical expenses, you can apply for mortgage loan by clicking here if you are a salaried or a self-employed individual.
- The mortgage loan interest rate is much lower than a personal loan as you pledge your property as collateral security with the bank or private lender.
- The eligibility criteria for loan against property is quite simple and requires minimal documentation. You can apply for it online as the application process is hassle-free and the loan is disbursed within two weeks if you have a good credit score with credit rating agencies and your documents are in order.
- When you apply for mortgage loan online, you can calculate the mortgage loan interest and EMIs (Equated Monthly Installments) by using the loan calculator available on websites of all major banks and private lenders. You can also get the doorstep service from the bank if you want to apply it offline.
- The tenure for a loan against property ranges from 5 to 15 years and it can be foreclosed anytime by making a part payment or full payment.
