Mortgage loan

Find the Best Mortgage loan

Mortgage loan

Mortgage loan or simply mortgage is used either by purchasers of real property to raise funds to buy property, or alternatively by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.


The minimum eligibility criteria for Mortgage loan are Your age should be above 18 years at the time of availing the loan, and it cannot be more than 70 years at the end of its tenure.

    Age of the Applicant 18 to 70 years
    Salary Rs. 25,000 per month and above
    Work Experience for Salaried 3 years and above
    Business Stability for Self Employed 5 years and above
    Maximum Loan on Property Value Up to 90%
    Maximum EMI as percent of income 65%

Mortgage loan:-

There are mainly two types of Mortgage loan charged by most of the banks.1. Fixed Interest Rate 2. Floating Interest Rate


The mortgage Loan is usually to be paid back in the form of monthly payments that consist of interest and a principle. The principal is repayment of the original amount borrowed, which reduces the balance.

Documents Required:-

To make your application process simpler, here is a list of documents that you will need:

    Identity Proof Address Proof Proof of income Other documents Property Documents
    Voter Card Voter Card Last 2 months salary slip Documents related to running loans along with 6 months repayment bank statements Copy of complete chain documents of the property
    Aadhar Card Aadhar Card Last 6 months bank statement of salaried account -- Copy of Agreement to Sell
    Valid Passport Valid Passport Latest Form 16 / ITR -- Copy of the Allotment Letter / Buyer Agreement
    Driving License Letter from a recognized public authority or public servant verifying the identity and residence of the customer -- -- Copy of Receipt/(s) of payment/(s) made to the developer
    Photo Credit Card Latest Utility bill - - -
    Photo Identity card issued by Govt. body Rent agreement on stamp Paper -- -- --
    -- Bank Statements reflecting address of borrowers of any commercial nationalized bank Business Profile and Previous 3 years Income Tax returns -- --
    -- Credit Card Statement not older than 3 months Previous 3 years Profit/Loss and Balance Sheet -- --

Mortgage loan Interest Rate

    Allahabad Bank 14.15%
    Canara Bank 11.70%
    Corporation Bank 11.35%
    SBI Mortgage loan 9.65%
    HDFC Mortgage loan 9.40%
    ICICI Bank Mortgage loan 10.15%
    Axis Bank 11.25%
    IDBI Bank 10.20%
    Central Bank of India 11.10%

These rates can vary depending upon the value of the property, your occupation and repayment capacity. Higher the loan amount, higher will be the rate of interest.

Mortgage loan

More about Mortgage loan

If you want to take a Mortgage loan for either buying a flat/ house or a plot of land for construction of a house, or renovation, extension and repairs to your existing house.

If you start the Mortgage loan process, determine your total eligibility, which will mainly depend on your repaying capacity. Your repayment capacity is based on your monthly disposable or surplus income, which, in turn, is based on factors such as total monthly income/surplus less monthly expenses, and other factors like spouse's income, liabilities, assets, stability of income.

The bank has to make sure that you're able to repay the loan on time. The higher the monthly disposable income, the higher will be the loan amount lyou will be eligible for. Typically, a bank assumes that about 50% of your monthly disposable or surplus income is available for repayment. The tenure and interest rate will also determine the loan amount. Further, the banks generally fix an upper age limit for Mortgage loan applicantsl, which could impact one's eligibility.

Our Associated Bank

We have associated with given bank list we also working other bank also

  • ICICI Bank
  • HDFC Bank
  • Axis Bank
  • IDBI Bank
  • IndusInd Bank
  • Bandhan Bank
  • State Bank of India
  • Union Bank of India
  • Punjab and Sind Bank
  • Bank of India