Mortgage loan | Ruloans

MORTGAGE LOAN

 

 

A loan given against a certain percentage of the property's current market value is called as a Loan given against property. An individual can take a loan against property by mortgaging his personal or commercial properties. These properties must be under the individual's name. Since there is collateral involved, this is called as a secured loan.

Anyone right from a salaried employee, professionals and self employed individuals can avail a loan against property. The property being kept as collateral must be under the name of the applicant. Also, you can get around 40-60% of the property value derived by the bank as the loan amount.

Minimum Age of the applicant - 25

Amount (Min) - 1,00,000

Annual Percentage (Min and Max) - 10.99% - 21.25%*

Tenure - 1-15 years*

1. Advantages of taking a secured loan - http://blog.ruloans.com/advantages-of-taking-a-secured-loan/

2. Tackle Your Financial Emergencies With A Loan Against Property - http://blog.ruloans.com/tackle-your-financial-emergencies-with-a-loan-against-property/

3. Eligibility criteria to avail a loan against property - http://blog.ruloans.com/eligibility-criteria-to-avail-a-loan-against-property/

4. Documents checklist for loan against property - http://blog.ruloans.com/documents-checklist-for-loan-against-property/

5. A guide to understanding loan against property - http://blog.ruloans.com/a-guide-to-understanding-loan-against-property/