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.
|1||Secured Loan||Competitive Rate of Interest||Property Documents should be with approvals|
|2||Obligation||Repayment can be extended to 15 years.||Stricter Income Norms|
|3||Interest||Lower EMI compared to other loans||Valuation will be done less than market value|