What You Must Know About Loan Against Property

By SiliconIndia   |   Wednesday, April 25, 2012   |    6 Comments
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Bangalore: Money and finances, is always the matter of worry in every step of life. You may have a lot of plans when you plan to send your children for higher education abroad or finance your child’s wedding or your business. The first question which arises is “Where would I get the money from?”

Among many ways of arranging money, one option is taking a loan. There are primarily two options to take a loan – firstly you can take a personal loan for the amount required and secondly you can take a loan against your property. Bankbazaar.com has come up with the following facts which you must know before applying for a loan against property.

What is a loan against property?

As the name suggests, ‘loan against property’ is a loan given against the mortgage of your property. The loan is provided at a certain percentage of your property’s market value which is usually around 40 percent to 60 percent. Loan against property is a secured loan where the borrower gives a guarantee.


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Reader's comments(6)
1: the best information on property loans. Lot of people will benefit from this
http://looking4loan.com/lap/apply-loan-against-property
Posted by:AshleshSharma - 04 Jul, 2012
2: You must have all required information regarding documents needed for applying to loan against property...and if you are looking for personal loan hanumangarh then you can apply online at http://www.dialabank.com/article.cfm/articleid/5937 / Call 98 78 98 11 66
Posted by:Anu - 23 May, 2012
3: Avail the Best Interest Rates for Personal Loan Pithapuram by just applying Online at
http://www.dialabank.com/article.cfm/articleid/5839 or / Call 98 78 98 11 66
Posted by:anu - 16 May, 2012
4: Get the Best Interest Rates for Personal Loan in Nagpur and very fast Approval of your Loan. Apply Online at http://goo.gl/0AJCg or Call 98 78 98 11 66
Posted by:anu - 15 May, 2012
5: nice to know
Posted by:venkat - 26 Apr, 2012
6: Nice to know. This is something which I was not aware of. Much informative I must say.
Posted by:Narayan - 25 Apr, 2012
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