Housing loan on freehold property
Mayuri Thakker (11 Points)
28 September 2021also can housing loan be availed on a freehold property
Mayuri Thakker (11 Points)
28 September 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3681 Points)
Replied 28 September 2021
A home loan is designed specifically for financing the purchase or construction of a residential property. A mortgage loan, on the other hand, has no restriction on the usage of the loan amount. ... A mortgage loan, also known as a loan against property, is a loan secured by a property that the loan applicant already owns
Mayuri Thakker
(11 Points)
Replied 28 September 2021
CA Raj Doshi
(Practising CA)
(8908 Points)
Replied 29 September 2021
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