Mortgage Loan Interest
                     Mortgage Loan Interest: An 
Overview
What is Mortgage Loan Interest Rate?
● Buying a home with a mortgage is the largest financial transaction most of 
us will make. 
● Mortgage Loan are secured loan which keeping an owned property as 
collateral to the finance institution. 
● Mortgages can be the biggest financial transaction most people ever make.
● The interest rate on your mortgage will depend on such factors as the type 
of loan and the length of the loan term (such as 20 or 30 years).
Factor Affecting Interest Rate
There are following factors which affects the mortgage loan interest rate:-
● Credit score
● Income
● Employment type
● Age
● Credit utilisation ratio
● FOIR
● Existing debts
Types of Mortgage Loan
There are many types of mortgage loan depending upon the nature of loan:-
● Simple Mortgage - A simple mortgage is a system where in the borrower 
gives his/her property to the lender to get a loan.
● English Mortgage - It involve the creation of personal liability for the 
borrower which involve property transfer to the lender and recovery.
● Usufructuary Mortgage - It involves transfer of property along with a 
lender to receive rent or any other payment for such property until loan 
repayment is full.
Benefits of Mortgage Loan
There are following types of benefits of mortgage loan are as follows:-
● You can purchase a home loan without cash
● Keep your cash reserves
● The interest is tax deductible
Required Document For Mortgage Loan Interest
● PAN card
● ID proof
● Address proof
● Document of the property to be mortgage 
● Title document
● Bank account statement
Apply Now 
Apply for Mortgage loan now to fulfil your needs with low interest rate. 
Take Loan from Bajaj Finserv it will give you easy repayment tender and 
good facilities so it will not affect your budget.
For More Info:-
6th Floor,Bajaj Finserv Corporate Office, 
Off Pune-Ahmednagar Road,
Viman Nagar, Pune – 411014
Email:- [email protected]
Website:- https://www.bajajfinserv.in/
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