A mortgage loan is a secured loan where you can avail funds by providing your property as collateral. The property remains with the lender as security until the loan is repaid.

Any salaried, self-employed individual, or business owner with a clear title to a residential, commercial, or industrial property can apply for a mortgage loan.

Common documents include identity proof, address proof, income proof (salary slips/ITR), property documents, and bank statements. Requirements may vary by lender.

The tenure for a mortgage loan in India typically ranges from 5 to 15 years, depending on the lender and borrower profile.

Residential, commercial, and industrial properties with clear titles can be mortgaged for a loan, subject to lender approval.

The loan amount is usually up to 60-70% of the property’s market value, depending on the lender’s policy and property type.

You can use the funds for business expansion, education, marriage, medical expenses, home renovation, or any other personal or professional need.

Yes, most lenders allow prepayment or foreclosure of the loan, though some may charge a nominal fee. Check with your lender for details.

Processing time varies by lender, but typically ranges from 7 to 15 working days after submission of all required documents.

Yes, a good CIBIL score increases your chances of approval and may help you get better interest rates. Most lenders prefer a score of 700 or above.