Specialized property-secured financing options for diverse requirements beyond standard loans.
Mortgage Backed Loans are secured financing solutions where your property serves as collateral. These loans leverage the equity in your residential, commercial, or industrial property to provide funding for various purposes. Unlike standard loans, mortgage-backed financing offers higher loan amounts, longer tenures, and competitive interest rates due to the secured nature of the facility.
Loans against self-occupied or rented residential properties including apartments, independent houses, and plots
Funding against commercial properties like shops, offices, showrooms, and commercial complexes
Loans secured against industrial properties, factories, warehouses, and manufacturing units
Transfer your existing mortgage loan to another lender for better interest rates and terms
Additional funding on existing mortgage loans for new requirements without fresh documentation
Mortgage-backed funding for construction or renovation of residential or commercial properties
Technical and legal verification of property documents, title clearance, and market value assessment by bank-approved valuers.
Evaluation of your income, existing obligations, and repayment capacity to determine eligible loan amount.
Bank issues sanction letter with approved loan amount, interest rate, tenure, and terms after completing due diligence.
Creation of mortgage through registered deed, property insurance, and other security documentation.
Loan amount is disbursed either as lump sum or in stages based on the end-use and agreement terms.
Speak with CA CS Nini Agarwal to explore mortgage-backed financing options. Get competitive rates and flexible terms tailored to your requirements.
Typically, banks offer 50-70% of the property's market value as loan. The exact amount depends on property type, location, your income, and repayment capacity.
Yes, unlike home loans, mortgage-backed loans can be used for various purposes including business expansion, education, medical expenses, or personal needs. However, some banks may restrict certain uses.
You retain ownership and can continue using the property. The bank only creates a mortgage charge as security. Once the loan is fully repaid, the mortgage is released.
Yes, most banks allow prepayment or foreclosure. Some may charge a nominal fee (typically 1-4% of outstanding amount) if prepaid within the initial years. Check specific bank terms.