Loan against property is the best option for those who have a piece of land that they would like to lend to some bank and get good loan opportunity. Loan against property provides many options which might attract you and lend up with an attractive deal.

If you are wander to have a loan for your business or other personal works and a property owned by you then you must talk to your bank for loan against property. By going with this idea you will definitely get the most amazing deal in best interest rate. Surprisingly, you will get higher loan amount and that too for long tenure isn’t it?

The best thing which ups in a bright light that one can easily get speedy approvals if hunting for loan that too for a commercial property. Many banks like HDFC & ICICI bank. These type of loans act as a debt consolidated tool. It’s like you need to pay your Emi in low interest rate.

Interest rates & Criteria for eligibility

Different interest rates are asked by different banks when it comes to loan against property. Hence, it is important for borrowers to check all the available interest rates in order to get the most lucrative one. We know that interest rates are often changed according to the policy of the banks and so we regularly update about it. Even a small decimal change in the rate can make a huge different in your EMI.

Property Documents Required :

• Sale Deed Copy
• Complete Set of Parent Documents Copies
• Upto date encumbrance Certificate
• Plan approval Copies.