What is a Mortgage Loan?

A Mortgage Loan (also called Loan Against Property) means:

You give your property as security
Bank gives you a loan

Property can be:

• House
• Flat
• Land
• Commercial property

• How it works (Super Simple)

  1. You own a property
  2. Bank checks property value
  3. Bank gives loan based on that
  4. You repay monthly EMI
  5. After full payment → property is fully yours again

Example 

Property Value: ₹50 Lakhs
Loan you can get: ₹30–35 Lakhs

Key Benefits

• Lower interest than personal loan
• High loan amount (up to 60–70% of property value)
• Longer tenure (up to 15–20 years)
• Continue using your property