Loan Against Property

What Is Loan Against Property?

A Loan against Property is a secured loan availed against a commercial or residential property kept as collateral with the lender. As the funds come with no end usage restriction, borrowers can utilise the funds for various purposes such as business expansion, wedding, child’s education, etc.

Check out these features of a Loan against Property

• LTV of the Property Loan is 75% – 90% of the current market value of the mortgaged property.
• Comes with flexible repayment tenure up to 20 years
• Funds up to Rs. 10 Crore are available
• Simple and easy-to-meet eligibility criteria.

What are the property types you can take Mortgage Loan?

A Loan against Property is a convenient option to finance all high-end expenditures for business or personal purposes. You can mortgage various Loan against Property types as collateral to avail funds of up to Rs. 10 Crore.

Following are some of the collateral variants lenders consider with their Mortgage Loan product types:

• Self-occupied residential property, including house, apartment, flat, etc.
• Rented residential properties are also accepted as Property Loan types
• Commercial property such as an office building, shops, malls, complexes, etc
• A plot of land under your ownership is accepted as one of the Home Mortgage Loan types.

About heartbeatloans.com

Over 24 years experience and knowledge but the majority suffered alteration barrased many desktop publishing ages Are you looking for a Personal loan, Home Loan, Business Loan or Mortgage Loan? You are in the right place. Heartbeat Loans is an unbiased loan advisor for best deals in loans and unmatched advisory services. We are one stop shop for all types of lending solutions such as Home Loan, Loan Against Property, Business Loan, Personal Loan & Insurance. We manage the entire borrowing process for clients, starting by helping our clients to choose the right product from the best suited lending organization as per the client's requirement, till the time the entire loan is disbursed.