Bajaj is Offering Mortgage Loan with Flexible Tenor - PowerPoint PPT Presentation
Title:
Bajaj is Offering Mortgage Loan with Flexible Tenor
Description:
A mortgage loan is a loan with a lien on real estate so that the lender has collateral until the loan is repaid. On any given date, the borrower is liable for the unpaid principal balance plus any accrued interest expense up to that point. Mortgage loan can be used in education, a grand wedding, growing business needs, or unforeseen medical expenses etc. – PowerPoint PPT presentation
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Title: Bajaj is Offering Mortgage Loan with Flexible Tenor
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MORTGAGE LOAN
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What is Mortgage Loan?
- A mortgage loan is one in which you secure funds
by pledging your property. It is a type of loan
where your house functions as a collateral. By
default, The lender is protected by the
borrower's collateral which is in the mortgage
agreement. - Mortgage loan are types of loans that are secured
with real estate or personal property. A loan is
a relationship between a lender and borrower.
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- Advantages
- Leverage
- Security
- Investment Opportunity
- Mortgage Interest Deduction
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How to apply for a Mortgage Loan?
APPLY NOW!
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Documents Required for Mortgage Loan
Meet the following mortgage loan eligibility
criteria to avail the advance.
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Mortgage Loan Interest Rates and Charges
- Mortgage loan interest rate for self-employed
individuals ranges between 10.50 and 14.50. As
for salaried borrowers, the general property loan
interest rate remains between 10.10 and 11.50. - A borrower can avail up to Rs.3.5 crore as a
mortgage loan with the repayment tenor extending
up to 20 years. - LTV can range between 70 and 80 of the
propertys market value.
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THANK YOU
