Mortgage Financing

About Betterbond finance's Mortgage Loan

To meet anticipated expenses such as a family wedding, home improvements, children’s education, company investments, and so on, get a loan based on the worth of your home. Betterbondfinance may be able to help you get a low-interest loan against your property. Property can be used as collateral for both residential and commercial loans, and the proceeds from a Bank Loan Against Property can be used for a variety of personal or company objectives.

Get a mortgage loan at a low interest rate for your personal or commercial requirements. A loan against property can be taken out on both residential and commercial assets. Both salaried and self-employed persons can benefit from a seamless and hassle-free loan against property from Betterbondfinance. The Mortgage loan from Betterbondfinance is a straightforward answer to your financial demands.


What is Loan Against Property

The term Loan against Property refers to a mortgage loan, which you can avail by pledging your property as security or collateral. Such a loan can be availed by an individual, or a business, against existing property as collateral. The mortgage property could be your home, land, industrial building, shop, or any other kind of landed estate. Most banks and NBFCs offer loans against property as multi-purpose secured loans. You can obtain funds of up to 60% to 80% of the market value of your property.

Loans against property typically offered at lower interest rates as compared to personal loans or business loans and disbursed within a reasonable period. The fact that you mortgage your property does not mean that you don’t own your property. In fact, you may continue to use the mortgaged property for residential or commercial purposes. When you apply for a loan against property, you are required to meet several requirements, including minimum credit scores, and down payments. Your application then goes through a rigorous screen process before approval and disbursal.

Why you should opt for Loan Against Property?

A loan against property allows you to manage your cash flows effectively, since the costs of borrowing are minimal. The loan backed by collateral has cheaper implications, making such kind of funds economical to borrow. Being multi-purpose borrowings there are no restrictions on end-usage, which gives you the advantage of flexibility, backed by low interest rates.

Required Documents

Find out the Required Documents for Home Loans
  • Original Emirates ID and Emirates ID copy
  • Valid Passport Copy with valid Resident Visa page (Old Passport copy if Visa is stamped on old Passport)
  • Latest Salary certificate addressed to Emirates NBD
  • Latest Pay slips (in case of more than 10% variance in Salary)
  • Previous employment proof if less than 3 years
  • Latest 6 Months Bank statement
  • Valid Trade License copy
  • Plus MOA (Memorandum of Association) including all amendments
  • Latest 6 Months Bank statement
  • Latest 2 years audited financial
  • Co-borrower’s valid Passport and visa page
  • Income documents (if applicable)
  • If Co-borrower is a company, then MOA & TL to be obtained. Passport Copy of partners also to be obtained