MORTGAGE LOAN
Mortgage Loan is a type of secured loan that you can avail by keeping an immovable asset as mortgage with the lender. The asset can be a residential/commercial property or other immovable properties like heavy machinery.
This type of loan is secured on the borrower's property as per process which is called mortgage origination. Such loans are long-term advances with repayment tenors ranging from 15 – 20 years and interest rates much lower compared to unsecured advances. You can utilise the loan amount to meet diverse funding needs involving big-ticket expenditures.