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5 Things You Should Know to Opt Loan against Property

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5 Things You Should Know to Opt Loan against Property - PowerPoint PPT Presentation

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Loan against property from HDFC Ltd offers a higher loan amount at an attractive interest rate. Avail loan against a residential or commercial property now\n

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If you are in need of money and you own a property, then loan against that property is the best option to get the funds to meet your requirements.

  • Another option is always there to ask your friends and family but it\'s not ethically right to disturb their finances if the required amount is huge.
  • Moreover, loan against property comes with oodles of advantages that make it a better option among all the loans.

Ownership of the property: Even if you take the loan against your property, you\'ll continue to possess the ownership of the property, which means you can still use the property.

  • Interest rate and processing: Loan against propertyis a secured loan, which is why it\'s processing is really fast because banks start the process without any delay.
  • One more aspect which makes it preferable is the lower interest rate, range from 12% to 15% which is also less than the other types of loans.

5. Pre-closure: LAP offer you another benefit for opting it, that you can make the partial payment without any penalties.



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