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 RealGrowth Nidhi:
Ayushman nidhi offer a host of Home Loan options that can be tailor
made to suit individual needs. Ayushman 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.
Eligibility for Mortgage Loan:
- Small and mid-sized businesses
- Partnership firms
- Self-employed professionals
- Private or closely held companies