A mortgage loan, also referred to as a mortgage, is used either by purchasers of real property to raise funds to buy real estate; or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged. The loan is “secured” on the borrower’s property. This means that a legal mechanism is put in place which allows the lender to take possession and sell the secured property to pay off the loan in the event that the borrower defaults on the loan or otherwise fails to abide by its terms. The word mortgage is derived from a “Law French” term used by English lawyers in the Middle Ages meaning “death pledge”, and refers to the pledge ending when either the obligation is fulfilled or the property is taken through foreclosure. Mortgage can also be described as “a borrower giving consideration in the form of a collateral for a benefit
Switch to a better life! Enjoy financial freedom!
Sunkari Services believes that nothing is impossible for those who aspire to enter a better life. Loans against your property is intended to finance all your dreams and that of your family members. You could use the additional revenue for a multiple requirements, the choice is yours.
- Loans up to INR 5 Crores
- Secured long term loans
- Floating rate of interest
- Exclusive products for the self-employed
- Fast track approval process
- Interest rate lower than other modes of raising funds
- Loan processing in 5-7 working days
- Transfer of existing equity loan possible
- Part pre-payment of loan facility available
Ideal for :
If a person is not eligible for a personal loan due to low salary, he or she can easily take a loan against property.
- To expand business
- For medical treatments
- For marriage
- For education expenses
- To fund dream vacation.
list of Documents Required:
1. Minimum 2 years ITR’s
2. 1 year Bank Statement
3. Address Proof
– Aadhaar Card
– PAN Card
4. Business Registration Certificate
– Labour License
– Partnership Deed