Business Mortgage Loans
The Business mortgage loans are a legal agreement through which the bank or financial institutions or building society in provides or lends money at interest for achieving the title of debtor’s property. It conveys the conditional right of ownership of property or asset by its mortgagor (owner) to the mortgagee (lender) as a security for acquiring the loan.The mortgages can be used by the individual or business for the purchase of real estate or other business purposes, such as for the purchasing of machinery, equipments, etc.
The Business mortgage loans are provided by different banks or financial institutions in offering various offers together with various good options as follows:
- Lowest fixed or variable interests.
- Minimum documentation is needed for it.
- No hidden charges are taken.
- EMI options are available.
- Chances of winning exciting prizes.
- 50% off on the processing charges for the high value loan.
- It has flexible payment options.
- Can also apply for loan online too.
- The tenure is up to 30 years (variable rate) while up to 10 years (fixed rate).
The Business mortgage loans interest are of different types and are as follows:
• Fixed rate of interest in advance (Up to 5 years). Its payment can be done monthly, quarterly, yearly or half-yearly.
• Fixed rate of interest in arrears (up to 10 years).
• Variable rate of interest (up to 30 years).
The Repayment term of loans in can be done weekly, monthly, quarterly, fortnightly, yearly, half-yearly or seasonally.