What are the property types you can take Mortgage Loan?

A Loan against Property is a convenient option to finance all high-end expenditures for business or personal purposes. You can mortgage various Loan against Property types as collateral to avail funds of up to Rs. 3.5 Crore.

Following are some of the collateral variants lenders consider with their Mortgage Loan product types:

1. Self-occupied residential property, including house, apartment, flat, etc.
2. Rented residential properties are also accepted as Property Loan types.
3. Commercial property such as an office building, shops, malls, complexes, etc.
4. A plot of land under your ownership is accepted as one of the Mortgage Loan types.