Mortgage loan or Loan against Property (LAP) is the loan provided against the property. Mortgage loan is meets the financial needs of a person who already owns a property and which is free from any encumbrance. It is also known as ‘Home Equity Loan’s. This can also be used for taking over an existing Home Loan or Loan against Property to provide higher funding or lower rate of interest or both.

Features of Mortgage Loan :

• Fixed and variable interest rates
• Quick approval and processing of documents
• Wide variety of facilities offered
• Tied up with several banks and NBFC’s to ensure smooth flow of process
• Can be repaid in easy installments