What is a Mortgage Loan?
A Mortgage Loan — also known as a Loan Against Property (LAP) — is a secured loan where you pledge your residential, commercial, or industrial property as collateral to get funds for personal or business needs.
Types of Mortgage Loans
1.Loan Against Residential Property
2.Loan Against Commercial Property
3.Lease Rental Discounting (LRD)
4.Second Mortgage Loan / Top-up Loan
Benefits
✅ Large loan amount based on property value
✅ Lower interest rate than personal loans
✅ Continue using your property
✅ Long repayment tenure
✅ Funds can be used for any purpose (business, education, wedding, etc.)
