Mortgage Loan

  1. Home
  2. Mortgage Loan

Overview

Mortgage Loan: Secure Your Dream Home

A Mortgage Loan is a type of secured loan specifically designed for purchasing real estate. At RED FINCORP, we understand that buying a home is one of the most significant investments you'll make. Our mortgage solutions offer competitive interest rates and flexible repayment options, making homeownership accessible and affordable.

Whether you're a first-time homebuyer or looking to refinance your existing mortgage, our team is here to guide you through the process. With a quick approval process and personalized service, you can focus on finding your dream home while we handle the financing.

Mortgage Loan Details

  • Loan Type: Mortgage Loan
  • Loan Amount: Up to 90% of the property value
  • Interest Rate: Starting from 8.5%*
  • Loan Tenure: 5 to 30 years
  • Collateral: Property purchased with the loan
  • Loan Feature: Flexible repayment options, quick disbursal

  • Apply Now
Mortgage Loan Image

Documents Required for Mortgage Loan

To ensure a smooth application process, please prepare the following documents:

  • Proof of identity (Aadhaar, Passport, etc.)
  • Proof of income (salary slips, bank statements)
  • Property documents (title deed, sale agreement)
  • Credit score report

Our Lending Partners

ICICI Bank Federal Bank SBI Canara Bank Yes Bank Kotak Mahindra Bank IDFC First Bank Karur Vysya Bank Indian Overseas Bank HDFC Bank

Mortgage Loan FAQs

Frequently Asked Questions

A: A mortgage loan is a loan secured by real estate property, where the property serves as collateral. Individuals, salaried employees, self-employed professionals, and business owners can apply for a mortgage loan. Eligibility typically depends on factors like income, credit score, and the property’s value.

A: Required documents usually include Identity proof (Aadhaar, PAN, passport), address proof, income proof (salary slips, bank statements, income tax returns), property documents (title deed, sale agreement), and any existing loan statements. Specific requirements may vary by Bank, so it's advisable to check their guidelines.

A: The loan amount generally depends on the property’s market value and the borrower’s repayment capacity. Most lenders offer 70%-90% of the property’s value as a loan. The exact percentage and amount will depend on the Bank’s policies and the borrower’s financial profile.

A: Mortgage loan interest rates in India typically range from 8% to 12% per annum. The rates may vary based on factors like the borrower’s credit score, loan tenure, and whether the interest rate is fixed or floating. Borrowers with better credit scores may qualify for lower rates, so it’s beneficial to shop around and compare offers.

A: Mortgage loan tenures usually range from 5 to 30 years, providing flexibility in repayment options. A longer tenure results in lower EMIs but can increase overall interest costs. Most Banks allow for early repayment, but some may charge a fee for prepayment. It's important to understand the lender's prepayment policy and any associated charges.

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Contact

redfincorp99@gmail.com

+91 99442 64799

About Us

RED FINCORP is your trusted partner for all your financial needs. From personal to business loans, we offer a wide range of solutions to support your financial goals.

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