BENEFITS OF LOAN AGAINST PROPERTY 5
LOWER INTEREST RATES
Loans against property typically offer lower interest rates compared to unsecured loans.
Secured nature of the loan reduces the risk for lenders. Borrowers can save significantly on interest payments.
HIGH LOAN AMOUNT
Property value allows borrowers to access larger loan amounts.
Useful for substantial financial requirements such as business expansion or large personal expenses. The loan amount can go up to a significant percentage of the property's market value.
LONGER REPAYMENT TENUR
Loans against property come with extended repayment periods.
Borrowers can choose tenures that suit their repayment capacity.
Longer tenure results in smaller, more manageable EMIs.
MULTI-PURPOSE USE
The loan can be used for a variety purposes including business, education, or personal needs. No restrictions on the end-use of the loan amount.
Ideal for consolidating debts or funding large expenditures.
RETAIN OWNERSHIP OF PROPERTY
Borrowers continue to own and use the property while repaying the loan. Property remains an asset and can appreciate in value over time. Ownership is retained, providing a sense of security and stability.
