Tag: mortgage

business

Know The Application Procedure for The Encumbrance Certificate

While purchasing a new property or obtaining a LAP, individuals need to ensure whether the said property is free from legal or monetary liabilities. An encumbrance certificate, in this regard, acts as evidence regarding the free title and ownership of a property. Thus, it is imperative for prospective borrowers in Tamil Nadu or any other Indian state to obtain this certificate and ensure that there … Continue reading Know The Application Procedure for The Encumbrance Certificate

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Finance

Tax Benefits of Mortgage Loan in India

A mortgage loan is a type of secured loan where the borrower can avail a loan against a mortgaged property. including home loans and loans against property, these loans are offered at competitive interest rates compared to unsecured loans such as personal loans, business loans, etc. A salaried individual can avail a loan against property amount ranging up to Rs.1 crore while self-employed are eligible … Continue reading Tax Benefits of Mortgage Loan in India

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