Mortgage loan Overview

A Mortgage Loan is a type of secured loan where you can avail funds by providing your asset as collateral to the lender. A mortgage is usually a loan sanctioned against an immovable asset like a house or a commercial property. The lender keeps the asset as collateral until the borrower repays the total loan amount. Individuals, Self-Employed, Proprietors, Professional, Partnership Firms and Private Limited Company are eligible for mortgage loan. Mortgage loan provide against residential, commercial & industrial property. Lease Rental Discounting (LRD), Commercial & Industrial property purchase come under a mortgage loan only. The focus of TrustWin Financial Advisors is to analyse, evaluate, and recommend the best bank / NBFC/ HFC to fulfil your financial need. We itself analyse your financial, as per your business/ Income paper, we will provide you competitive Rate of Interest (ROI) and other component as per current market.

Mortgage Loan Finance Process

• Application form & document submission
• CIBIL report check
• Residence verification
• Office verification
• Eligibility calculation
• Personal discussion
• Legal & Technical 
• Credit decision
• Offer letter
• Legal kit signature and other process
• Disbursement

Criteria for Mortgage Loan

• An Indian Resident 
• Individuals, Self-Employed, Proprietors, Professional, Partnership Firms and Private Limited Company and are eligible for mortgage loan 
• For salaried/ Individuals maximum age of applicant at loan maturity is 58 years or date of retirement
• Minimum age of 21 years
• For Self-Employed or Professional maximum age of applicant at loan maturity is 65 years 
• Tenure for mortgage loan from 5 years to 20 years
• Rate of Interest between 8.25% to 11.75%
• Processing Fees 0.50% to 1% + GST

Documenst required for Mortgage Loan

• Profile 
• Legal proof-- GST Certificate with GSTR-3B, Shop Establishment etc. (for Self-Employed) 
• Identity & Address proof  ( Pan Card , Aadhar Card ) 
• Income documents ( Form 16 / Income Tax Return ) 
• Bank statement 
• Existing loan / Obligation details 
• Property document 

Balance Transfer of Mortgage Loan

Why we do balance transfer?
We do balance transfer because of good and competitive rate of interest and additional top-up for business expansion, working capital and for short term debt consolidation.

Required additional documents for Mortgage Loan BT:-

• Required Property LOD (List of Document) from Existing Bank (From you are transferring your loan).
• Required FC (Foreclosure letter) from Existing Bank (From you are transferring your loan).