Loan against Property
Loan against Property is a Secured Loan which a Bank / Organization provides to Salaried Individuals as well as Business Owners/ Co-Owners for their concerned needs.
Typically the Loan Amount Ranges close or equal to the value of the Land being kept as an assurance and the Income Status of the Individual.
Availing for Loan against Property is easier and more effective than Unsecured / Personal Loans since the Banks / Organizations have an asset linked with the Loan which they can use to replenish the Loan Amount if the borrower fails to provide the agreed payments in proper intervals.
Processing of the Loan may be delayed or cancelled if the Property is disputed.