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Loan Glossary
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Confused in the Home Loan jargon? Our glossary
will help you in understanding the basic loan related terms.
Browse through the glossary or serach for a term through the
menu to resolve any doubts.
Glossary of Home Loan terms
M
Margin amount
Margin amount is the difference in the total cost of the project
and the loan amount sanctioned.
Margin amount in case of:
* Construction of a house has to be invested by the borrower
of the property prior to the release of the loan amount.
* Purchase of a house, then the loan amount will be released
on the day of registration of the property and the margin
money has to be invested by the borrower prior to the release.
* Purchase of flats, the release will be made only on investment
of the margin money by the borrower.
Marketable title
Marketable title is the title to the property that is clear
and the person has the right and capacity to transfer the
same.
Market value
It is the value of the property as per the prevailing market
rates.
Mortgage
A security over property given to the lender for the repayment
of Principal and the payment of Interest on the loan. A
Mortgage over land is registered on the Certificate of Title
to that land.
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