Mortgage Loans - FAQs
What is Loan against Residential Property? A loan against property is what it actually connotes — a loan given or disbursed against the mortgage of property. You can now take a loan against your self occupied residential
What is Loan against Commercial Property? A loan against commercial property is what it actually connotes — a loan given or disbursed against the mortgage of commercial property. You can now take a loan against your self occupied commercial or rented commercial property, to expand your business,
What is Loan against Plot? : A loan against property is what it actually connotes — a loan given or disbursed against the mortgage of property. You can now take a loan against your property
What is Loan against Rental? Loan Against Rental can be used to avail loans against rental receipts of your properties. The rent received every month is used as the EMI towards the loan sanctioned. Any Lessor having a residential / commercial property which is currently rented to MNC / Banks / Reputed Corporates etc. can apply for loan under this scheme. Loans can be availed for 36 months or residual lease agreement whichever is less for up to Rs. 500 Lakhs
What is Commercial Purchase? Commercial Purchase is a Loan Provided by the bank to purchase Machinery or Equipment etc
What is Debt Consolidation? A debt consolidation home equity
loan is a secured loan where your property will be security against the loan.
The lender will have a lien on your house until you pay off the home equity
loan in full. While you'll continue to own your home as loan collateral, the
debt consolidation loan will keep the creditors away and keep you out of bankruptcy.
You'll be able to save a little, because the single monthly payment will be
considerably less than the sum of the ones you had before.
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