A mortgage loan is a secured loan where you pledge your property as collateral to borrow funds for various purposes, such as business expansion, education, weddings, or even medical emergencies.This type of loan allows you to unlock the value of your property without losing ownership. It's a reliable way to access substantial funds at lower interest rates compared to unsecured loans.Benefits of a Mortgage Loan
High Loan Amount You can borrow a significant amount, often up to 60–80% of your property’s market value, depending on the lender’s policy.Lower Interest Rates Mortgage loans come with lower interest rates compared to personal or business loans since they are secured by your property.Flexible Usage
The loan amount can be used for any legitimate purpose, such as business needs, education, debt consolidation, or personal expenses.Longer Repayment Tenure
Repayment tenures can extend up to 15–20 years, making EMIs more affordable.
Retain Ownership .