Mortgage Loan

A mortgage loan is a type of secured loan offered by banks and financial institutions where an individual can borrow funds by pledging a property, such as a house or commercial real estate, as collateral. The borrower repays the loan through monthly EMIs over a fixed tenure, and ownership of the property remains with them while the lender holds the property title as security. Mortgage loans are often used for buying, constructing, or renovating property and generally offer lower interest rates due to the secured nature of the loan.