This is a process, wherein a secured loan is provided against the mortgage of the property with a lesser interest and longer repayment option. The loan against property can be used for various purposes such as a business expansion, a wedding, investment in a commercial property or any other greater priority.
|Competitive Rate of Interest
|Property Documents should be with approvals
|Repayment can be extended to 15 years.
|Stricter Income Norms
|Lower EMI compared to other loans
|Valuation will be done less than market value