Mortgage Loan

A Mortgage Loan, also known as a Loan Against Property, is a secured loan where borrowers pledge their residential, commercial, or industrial property as collateral to obtain funds. The loan amount is determined based on the market value of the property and the borrower’s repayment capacity. It can be used for various purposes such as business expansion, education, debt consolidation, or personal needs. Mortgage loans generally have lower interest rates and longer repayment tenures compared to unsecured loans, making them a reliable option for raising large amounts of capital. This loan type provides financial flexibility while retaining ownership of the pledged property.