As the name advocates, you can happily take loan against your property and make your present dream happen true. A loan against property is a very good alternative if you need capital. These loans are the best option over personal loans because of low interest rates by the lender. Loan against Property can get you a higher loan amount for your business or personal needs with the benefit of lower EMI. Your property must have no outstanding ownership dispute associated with it and should not be mortgaged. If you can make repayments from your earnings, there is nothing to stop you for getting this loan.
There are no specific limitations against this loan. You can happily take mortgage loan against your residential, land or commercial property. This means your property will stay mortgaged with the lender for specific time period. In case you fail to repay the amount within the time; the lenders holds the full right to auction your property and recover the money by selling it. Loan against property is highly preferred by people in India, as they find it cost-effective and more convenient to apply and avail.
You can apply for a mortgage loan or loan against property for the purpose of :
Expanding your current business
For your child marriage
Spending on medical treatments
Dream vacation investment
Features & Benefits
These loans are usually get approved fairly quickly and sans without any hassle process.
Loans amounts ranging from Rs. 10 lakhs to Rs. 3 crores
Doorstep Service - Fix an appointment with any of our representatives on phone and get assistance in completing loan related formalities
Gain quick approval on loans
Flexible loan offerings - EMI based loan or Overdraft facility available