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If you have applied for a loan and worrying about the interest rate then you must have a look at our presentation, we have covered every risk factor that can have a great impact on your budget. Read them carefully and to know more visit our official website Visit:- https://www.bajajfinserv.in/mortgage-loan-interest-rate<br>
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What is Mortgage Loan? Mortgage loan is a type of loan that is taken against the asset that belongs to a person or an organization. Individual can avail high funds on their property within a short amount of time, to get their asset back they need to pay the full amount with the tenure period they selected. You don't have any restriction around the funds so you can use it any way you desire, whether it is for education, travelling, or business. See the below slides to know about the factors that affect mortgage loan interest rates.
Factors Affecting Mortgage Loan Interest Rate • Property type and location:- The resale value of a property, and its location, influence the interest rate. • Credit score:- If our credit score is above 700 then it is considered good for loan • Size of loan:- If you take loan of higher amount then your interest rate is also higher and if you take loan of lesser amount then your interest rate also goes down. • Loan tenor:- If you take the amount for a longer period of time, your mortgage loan interest rate is more but if you take the amount for a shorter period of time, then your interest rate is less.
Different Types of Mortgage Loan • Simple Mortgage • English Mortgage • Usufructuary mortgage • Mortgage via a deposit of title deed • Conditional sale mortgage
Contact us 6th Floor,Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014 Email:- wecare@bajajfinserv.in Website:- https://www.bajajfinserv.in/ /bajajfinserv /Bajaj_Finserv bajaj-finserv-lending/