Mortgage Loan

A mortgage loan, commonly known as a loan against property, is a type of secured loan offered by banks and financial institutions. In this loan, the borrower mortgages their residential or commercial property to access funds for various purposes such as business expansion, education, medical emergencies, or debt consolidation. The borrower retains ownership and can continue using the property, but the lender holds it as collateral until full repayment. Mortgage loans generally offer lower interest rates, higher loan amounts, and longer repayment tenures, making them a reliable financing option for individuals and businesses.