Check the Eligibility Criteria for Loan Against Property for Unsalaried


Loan against property or mortgage loan is the best loan for those who don't have stable monthly income means they don't have a proper payslip to show to the lender. All you have to do is submit your assets in the form of collateral with the lender and you can easily avail loan against property. In this type of loan payslip is not a mandatory thing all you should have a clear property that you will submit to the lender.

What is a mortgage loan: It is a secured type of loan in which the borrower submits a piece of land to the lender in the form of collateral. The land can have a joint owner and they can also Apply for a mortgage loan here

Uniqueness in Mortgage Loan: The best part of mortgage loan is the interest rate is low as compared to other loans and the range starts from 9.50% to 13% depending upon lender to lender.

Eligibility criteria: The mortgage loan has easy eligibility criteria. Hassle-free process checks mortgage loan eligibility criteria here

Long repayment tenure: The mortgage loan provides long repayment tenure which helps in EMIs. In short, you can repay the loan without disturbing the monthly budget. 

Conclusion: Availing a loan against property is the best advice if you need money in an emergency.
 
Read More: Top Benefits of taking Loan Against Property in India
 

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