Nature of Loan - MORTGAGE LOAN
Rate of Interest - 16.00%
Installment/ Period - 5 Year
Details (Purpose) - Personal/Domestic Max.25.00 lakhs
A mortgage is a loan in which property is used as collateral. The borrower enters into an agreement with the lender (usually a bank) wherein the borrower receives cash upfront then makes payments over a set time span until he pays back the lender in full.