Loan Against Property

Financial crunches necessitate for immediate solutions. Loan against property is a viable and secured option for obtaining credit. Unlike the unsecured loan options of personal loans (where interest rates range from 11% to 24% ), the property wagered for property loan acts as the security.

As borrowers, we tend to overborrow by placing a higher value on the property. However, it is better to shun this tendency as borrowing money more than the eligible amount can make lenders review the property loan application as a high risk for default.

To tackle unforeseen circumstances, Loan Against Property is a great financial tool that allows one to pledge their property as collateral and get funds against it, but you can continue to use it.

Loan Against Property is a secured financial tool that allows individuals to borrow money by keeping their property as a security with the lender. The property pledged by the applicant can be utilized for their persona use.

To tackle unforeseen circumstance, Loan Against Property is a great financial tool that allows one to pledge their property as collateral and get funds against it, but you can continue to use it. Whether you are a salaried, self-employed or an SME – rest assured, you can apply for Loan Against Property with minimal documentation ensures a hassle-free experience for every customer.

There are various financial instruments available for individuals to opt to finance their important decisions. While some of these instruments are unsecured which do not require any collateral or security, some are secured against which one is required to provide some security.

Interest payments often form the largest component of repayment of a loan, especially during the early period. A long tenure loan may see a larger outlay in form of interest payments from a borrower. This would form a substantial component of the overall loan amount. Although the rate of interest is mentioned in all the loan documents, certain borrowers might require more clarity about how the interest rate on a property loan can be calculated.