A mortgage loan or a loan against property has several advantages. Firstly, it allows you to leverage the market value of your property. This is particularly useful if you're struggling with cash flow but own a home or a piece of property. Secondly, it usually has lower interest rates compared to other types of loans, making it a more cost-effective borrowing option. Lastly, it often provides more flexible repayment terms. You have the choice of deciding the loan tenure, which can extend up to 15 years, making it possible to reduce the burden of hefty monthly installments.