Mortgage Loan: A Handy Guide to Loan Against Propertybr br Features:br br 1. Loan for 50-60 of property's Market Valuebr 2. Subject to Floating Rates of Interestbr 3. Applicants will be primary owner & others the co-applicantsbr 4. No pre-payment charges for individuals with variable rates of interestbr 5. Maximum tenure of 15 years or the age of retirement, whichever is lowerbr 6. No tax exemption benefitsbr br Basis of Interest Rates:br br 1. Type of Property (Residential or Commercial)br 2. Profile (Salaried or Business)br 3. Income shown in papersbr 4. Current Usage of Property (Vacant, Occupied or on Rent)br 5. Credit History of Applicant & Co-Applicant (CIBIL Score)br br Eligibility Criteria:br br 1. Resident of Indiabr 2. Age between 18-70 Yearsbr 3. Consistent incomebr 4. Good CIBIL Score of Applicant & Co-Applicantbr br Documents Required:br br 1. Proof of Identitybr 2. Proof of Residencebr 3. Most recent Bank statement or Passbook statementbr 4. A copy of all your Property-related Documentationbr 5. For Salaried Individuals - Latest Salary Slips for last 3 monthsbr 6. For Self-Employed Individuals - CA certified Financial Statementsbr br Benefits:br br 1. Possible to get long-term Mortgage Loansbr 2. Possible to negotiate for better interest ratesbr 3. Utilize your Loan for Personal & Business Requirementsbr 4. Documentation process is comparatively simplebr 5. Faster approval processbr 6. Great way to consolidate your Debtbr 7. Add co-applicants to increase your Mortgage Loan amountbr br Visit to learn more.