PROPERTY !!!! It is one of the most valuable asset for any individual which can serve array of purposes in times of trouble. Loan against property in India is the preferred choice after personal loans. It is a secured loan where banks provide a loan against a property or any valuable asset as a collateral. The biggest advantage of this loan, is it available at low rate of interest as well as has longer loan tenure. The loan against property in India can be used for several purposes such as a business expansion, a wedding, investment in a commercial property or any other greater priority. Basically, this type of loan helps fulfilling a person’s needs in times of necessity.
Loan against property is given against any type of property such as commercial, industrial or others. The value of the property will determine the loan amount, which in turn will determine the EMI. There are lenders who offer overdraft facility as well.
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