Mortgage loan is a short to medium term unsecured loan (no collateral) that you can use to meet your financial needs. Though most commonly used to meet expenses related to debt consolidation, vacations and unexpected medical expenses, a personal loan may be used for practically any type of expense.
|Providers||Loan Amount||Interest Rate||Processing Fee|
|State Bank of India||Rs. 25,000 - Rs. 15,00,000||11.00% onwards||1% of the loan amount|
|Axis Bank Limited||Rs. 50,000 - Rs. 15,00,000||11.49% onwards||1.50 - 2.00|
|ICICI Bank||Up to Rs. 20,00,000||11.10% onwards||Up to 2.25% of the loan amount|
Legal costs Valuation costs, and Arrangement fees (essentially administrative fees charged by the lender). Exactly which of these fees (and others) you'll be charged will vary from lender to lender so if you're at all unsure, get in touch with the bank or building society you plan on doing business with and they'll let you know.