Mortgage Loan

A mortgage loan is a secured loan where a borrower uses real estate as collateral. Unlike a home loan that specifically funds property purchase, a mortgage loan provides flexibility, allowing borrowers to use the funds for various purposes, such as home improvements or debt consolidation. The property’s value determines the loan amount, and failure to repay may lead to foreclosure. Mortgage loans typically involve fixed or adjustable interest rates, influencing the overall cost of borrowing.

Income Tax Objective

Silent Features

Required Document

Generally Required Financial Documents For Self Employed Category

- All Certified Financials Statements for latest 3 financial years.
- Bank statements.
- Business and Personal Profile.
- All Know Your Customer(KYC) Documents.
- All legal and title/Property Documents to be offered as collateral.
- Copy a Partnership deed (Applicable for a partnership Firm).
- Copy of MOA & AA (Applicable for a Private Limited Company).

Generally Required Financial Documents For A Salaried Category

- Latest 3 months company certified Salary Slips.
- Latest 3 years company certified FORM No 16.
- Latest 3 years Income Tax Returns.
- Bank Statements.
- All Know Your Customer(KYC) Documents.
- All legal and title/Property Documents to be offered as collateral.

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