Title: All About Mortgage Loan & Interest Rate Calculator
1ALL ABOUT MORTGAGE ITS FEATURES
2(No Transcript)
3What is Mortgage?
- A mortgage is a secured loan against the value of
your property that is secured by property which
can be used to meet the needs of education,
wedding, growing business needs, or unforeseen
medical expenses and many more. Most run for 25
years but the term can be shorter or longer.
4What is Mortgage Loan Interest Rate?
- Mortgage interest rate indicates the annual cost
to borrow money from your lender. The calculation
is considered as a percentage of your total loan
balance and is paid on installment, along with
your principal payment, until your loan is paid
off. Mortgage rates depend on various factors,
including availability of money in the market,
inflation and monetary policies.
5Does Mortgage Loan Calculator Helps?
- It is a tool that helps a user to calculate his
monthly installments or EMIs on mortgage loans.
For the calculation process one must know - The loan amount
- Interest rate
- Tenure
- This process helps a person to get a clear
understanding and picture as it gives the
simplifies data.
6Apply for a Bajaj Finserv Mortgage Loan and
finance your needs today.