As everyone is aware of financial exigencies is a fact of life. it is struck anyone, anywhere, at any time. you need to collect funds quickly but your credit card limit is exceeded and your friends relative are not a position to help you, Then loan against property is a good idea to raise funds instantly. let's discuss in details.
Loan against property (LAP) or mortgage loan is a type of loan where you can avail loan by keeping your property as collateral.
Why is it a good idea?
Low-interest rates: As we all know interest rate is decided the affordability of the loan. the loan against property interest rate is low between 7% - 12% it depends on the lender.
No usage restrictions: you can avail a loan for car purchase, a home loan for home purchase, and student loans for education. there are no user registration everyone can avail of the loan.
Easily gettable: lAP offers an easy loan facility. eligibility criteria are simple, any Indian citizen, salaried or self-employed, and the above 18 years persona can eligible.
Tenors: LAP involved lengthy tenure up to 15 years. that's mean you can repay your without disturb your monthly budget.
these are the benefits to avail Loan against property (LAP) or mortgage most of the people prefer this type of loan.
Read More:
Thank you for sharing your information about Good loan against property
ReplyDelete