Mortgage Loan

What is Mortgage Loan?

Mortgage Finance is a type of loan where a borrower uses real estate property as collateral to secure funding. It is typically used to purchase, construct, or refinance residential or commercial properties.

Benefits of Mortgage Loan:

Affordable Financing: Mortgage loans often have lower interest rates compared to unsecured loans because they are secured against property.

Long Repayment Tenures: Longer tenures make EMIs manageable and reduce the financial burden.

Tax Benefits: Borrowers can claim tax deductions on the principal and interest components of home loans under applicable laws.