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Loan Against Property-Apply Loan Against Property with Lowest EMI

07-19-2016 03:00 PM CET | Business, Economy, Finances, Banking & Insurance

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Loan Against Property-Apply Loan Against Property with Lowest

A loan against property is ideal for those looking to invest in business, set-up new business, purchase a new property or satisfy any monetary need of personal nature such as vacation, wedding or any major purchase. Loan against property, as the name suggests, is a secured loan and uses a commercial and a residential property as collateral. The eligibility for this loan is determined based on the value of the property. Typically, borrowers are offered up to 70 percent of the value of the property.

Two of the main benefits of this type of loan are that you can get a higher loan amount at a slightly lower rate of interest compared to that of a personal loan. The tenure for loan against property is also higher ranging between one and nine years up to 15 years. As the rate of interest of loan against property is lower and the tenure is, comparatively, longer, the Emi for this type of loan tends to be lower. The property under this loan can be self-occupied, on lease, commercial in nature, a house or even a piece of land. If there is more than one owner of the property, then all of them are required to apply for the loan jointly.

Apply for loan against property online. Get loan against commercial property and loan against residential property. Get low interest rate and low EMI.

Lakhani Centrium, 4th Floor, Plot #27, Sector – 15, CBD Belaur, Navi Mumbai – 400614.

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