Mortgage Loan

A mortgage loan, or simply mortgage, is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. Mortgage loans are also known as or claims on property, Loan against Property, Loan on Property or liens against property. In case, you stop repaying your mortgage loan, the lender/bank has the complete right to possess and sell the secured property. A mortgage loan involves the following components - principal, interest, tax and insurance. Principal is the amount you actually borrow from your lender. Interest is the reward your lender receives for lending you the money. The interest rate plays a major role in increasing the size of your mortgage loan.

Mortgage Loan from VANDHANLAGHU SHAHARI & GRAMIN

VANDHANLAGHU SHAHARI & GRAMIN offers a host of Home Loan options that can be tailor-made to suit individual needs. VANDHANLAGHU SHAHARI & GRAMIN mortgage loan is a Loan against Property (LAP) that helps you with financial needs to invest in your business ventures while allowing you to direct all your attention to your business. With Loan against Property, you can leverage the value of a residential or commercial property, and we will ensure that your enterprise does not feel the burden of working capital, warranting a stable business for you.

Gold loan products have a maximum tenure of one year. However, depending upon how high the LTV is opted, members are required to service the interest at specified periodicities. For example, in schemes where LTV is high, interest would have to be serviced monthly.

Eligibility for Mortgage Loan

• Small and mid-sized businesses
• Partnership firms
• Self-employed professionals
• Private or closely held companies