Some Quick Facts About Mortgage Loan
There are two types of personal loans. First is secured personal loan which is secured against the mortgage of insurance policies, immovable property, gold jewelry, investments & many other costly things. While the other is unsecured personal loan which does not require you to pledge anything. Loan Against Property is another name for mortgage loan. Mortgage loan in India is a secured loan that is sanctioned against fully constructed, freehold residential and commercial properties. Some of the key factors are given below for your consideration before you apply for Mortgage Loan.
• For the expansion of business • Education Expenses of children
• Marriage expenses in the family
• Minimum age is 21 years
• Self Employed professionals / non-professionals