Loan Against Property

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Loan Against PropertyYou can take Loan Against Property to expand your business, your all business requirements, purchase a new shop or office for your business, plan a dream wedding, fund your child's education and much more. Loan Against Property is specially designed product to help you expand your business without reducing the capital from your business. Features at Glance:-Loan against property is a Secured Loan offered against the security of Residential/ Commercial / Industrial Property.• Loans from Rs10 Lakh onwards depending on your needs• Borrow up to 65% of market value of the property• High tenure loans for ease of repayment.• Attractive Interest Rates.• Simple and speedy processing.• Loan for salaried & self-employed individuals  Advantages of taking a Loan Against Property:  • Cheaper than Personal Loans: It works out to be much cheaper than a personal loans, which is usually issued at interest rates in the region of 16 per cent-21 per cent.• Longer Loan Tenure: The tenure for a Loan Against Property is usually longer than that for a personal loan. Generally, LAP is given for a maximum tenure of 10 To 15 years. • Lower EMI: Since the rate of interest is lower and the Tenure is High, the EMI amount is lower than the Personal Loan • Simple documentation and Fast Approvals: LAP being a secured Loan has comparatively faster approvals and minimal documentation. Loan Against Property can be taken for following purposes:• Expanding your business• For Your child marriage• Send your child for higher studies• Fund your dream vacation• Fund Medical Treatments In nutshell, Loan Against Property is a secured multi-purpose loan with larger tenure and lesser rate of interest.