Loans against property are a type of secured loan. In the case of these loans, a borrower pledges a residential or commercial property as collateral and in return, receives loan money. Most lenders maintain a LTV ratio of 50 to 60% in the case of loans against property. In simpler words, when a borrower pledges their property, they can receive up to 50% of the … Continue reading Improve your Loan Against Property Eligibility
Loans against property or property loans have become quite popular. These loans give borrowers quick access to a substantial amount of money, allowing them to take care of various personal and professional emergencies. Further, since loans against property are secured loans, borrowers sanction these loans at low interest rates and for a longer repayment tenor, which is another reason why these loans are becoming so … Continue reading How to Use a Loan Against Property Eligibility Calculator
Before we get to the different property types to avail of a mortgage loan, let us understand what is a mortgage loan. A mortgage loan is a type of secured loan under which a borrower pledges their residential or commercial property as collateral in return for loan money. Since these loans are secured in nature, mortgage loan interest rates tend to be on the lower … Continue reading Different Types of Loan Against Property and their Workings
What is a loan against property? A loan against property is a secured loan in which the borrower pledges their residential or commercial property to a lender such as a bank or an NBFC in order to obtain a large sum of money. The funds received from a loan against property have no end use restrictions, allowing the borrower to use them for any purpose, … Continue reading Know how Property loan EMI works in a Better Way
Loans against property or property loans are a type of secured loan under which borrowers pledge a residential or commercial property as collateral. The lenders sanction 60% to 70% of the property’s value as a loan. Since loans against property are backed by security, these loans are sanctioned at low-interest rates. As of today, borrowers can avail of a loan against property at interest rates … Continue reading Top 3 Income Tax Benefits on Loan Against Property
FinanceTips 