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Loan Against Property - Retail Loans (1)


Loan Against Property - Retail Loans Business Loan In Delhi · Personal Loan In Delhi. Loan Against Property. Loan against property belongs to the secured loan category where the borrower – PowerPoint PPT presentation

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Title: Loan Against Property - Retail Loans (1)


Loan Against Property - Retailloans
Business Loan In Delhi  Personal Loan In Delhi. L
oan Against Property. Loan against property
belongs to the secured loan category where the
borrower gives a 
Is Taking a Loan Against Property a Good Idea?
A financial setback does not come with a prior
warning. If it comes, it will bring its share of
hindrance to your plans. In fact, most of us fall
short of much-needed fund that could do us any
good. Instead we need to rely on certain options
which may not always work out to our advantage.
So what is the most feasible option to rely on
when you run into an unwanted situation like
this? Taking a loan against property will be the
smartest move you are likely to make.  Even
though these loans taken against ones property
are not at par with home loans, they are a lot
cheaper when compared to personal loans. What is
a loan against property (LAP)? A loan against
property or LAP in short is exactly what the name
implies - a loan rendered or paid against the
property mortgage. This loan is the one which is
given at a certain percentage of the market value
of the property, which is generally around
What purposes can you take a loan against
property for? You can take a loan against
property for a number of purposes,
including Growing your business Sending your
child abroad for pursuing higher studies Getting
your child married Financing your long-awaited
international holiday Financing medical
What are the benefits of loan against
property? Lower Interest Rate Longer Tenure Lower
EMI Easy to Get Lower to No Prepayment Charges  
What kind of property can you mortgage? Well, a
self-occupied house, a rented residential
property, or even a piece of land can be held as
mortgage. However, you should ensure that the
property does not hold any kind of legal
proceeding. The propertys title should be
clear. You may be aware of interest rates of
personal loans that many of us have a hard time
to bear. This is where the loan against
property (LAP) comes to your rescue. Its a type
of secured loan which is paid out against the
security or guarantee of the loan borrowers
property. However, this property must be legally
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