Mortgage Loan

A home loan is designated for the acquisition or construction of a property, whereas a mortgage loan (secured loan against property) is obtained by using an existing property as collateral. Mortgage loans can be utilized for various purposes, including business, education, medical needs, and more.

You can generally obtain a loan amounting to 80-90% of your property's market value. The precise figure is influenced by factors such as the property's location, type, condition, your income, and your ability to repay. We offer complimentary property valuation services.

Indeed, you can certainly continue to reside in or utilize your property even after it has been mortgaged. While the property serves as collateral, you maintain complete rights to its use until the loan is fully repaid.

We accept residential properties such as houses, flats, and bungalows, as well as commercial properties including offices, shops, and warehouses, along with plots situated in approved locations. It is essential that the property possesses a clear legal title and appropriate documentation.

In contrast to home loans, mortgage loans do not provide direct tax advantages unless the funds are allocated for particular purposes such as home improvement or business ventures. It is advisable to consult a tax advisor for comprehensive information tailored to your specific usage.