26/04/2021 Financial & Legal Services
A mortgage loan is simply a loan taken out against a property that you own. Mortgages work as collateral that fetches individuals advance in lieu of an agreement that once the borrower repays it, he/she will regain all rights to the mortgaged property. A mortgage loan, also known as a loan against property in India, is a prime example of such arrangements. Most run for 25 years but the term can be shorter or longer.
You can check more about mortgage at Bajaj Finserv’s website.
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