A mortgage loan is a secured loan where borrower can avail funds by providing immovable asset as collateral to the lender. The lender keeps that asset as collateral until the borrower repays the total loan amount.
Documents required
- Property documents of the property you want to mortgage.
- Income Tax details
- Bank account details
- Passport size photographs
- Valid ID proof
Salaried individuals
- Latest Salary Slips
- Bank account statements of the previous 3 months
- PAN card/Aadhaar card
- Address proof
- Copy of the documents of the property to be mortgaged
- IT returns
Self-employed individuals
- Bank account statements of the previous 6 months
- PAN Card/Aadhaar Card
- Address proof
- Copy of the documents of the property to be mortgaged
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