Quick Guide to Explained Mortgage Loan Meaning 
                     A Quick Guide to 
Understanding  Mortgage 
Loan Meaning
What is Meaning of 
Mortgage
Mortgage Loan is a secure way to  
avail funds to meet the 
requirements. 
Mortgage loan meaning can be  
explained by, the revolutionary step  
taken by lenders to help borrowers  
avail themselves of large amounts 
of  funds.
Benefits Associated with 
Mortgage Loan
Ownership of property  Longer 
mortgage loan tenor  Mortgage 
loan interest rates
Tax Saving benefits of
mortgage  loan
Ownership 
of  Property
When a borrower takes out a  
mortgage  loan, the property being 
purchased  serves as collateral for 
the loan. This  means that if the 
borrower is unable to  repay the loan, 
the lender may take  possession of 
the property to recoup  their losses.
Mortgage 
Loan  
Tenor:
Mortgage loans are usually repaid  
over a  period of several years, often 
15  to 20 years, depending on the 
terms  of the loan.
Mortgage 
Loan  Interest 
RBorraowteres scan avail of both fixed 
interest  rates or floating interest rates, 
meaning  that the amount paid as 
monthly EMI may  fluctuate while opting 
for a  floating  interest rate, it states that 
there are two  types of 
mortgage loan interest rates provided by 
lenders.
Contact Us
BAJAJ FIN SERV 
 LIMITED
BajajFinserv.in