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All Purpose Loan - Loan against Property

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All Purpose Loan - Loan against Property

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  1. Home Loans

  2. All Purpose Loan - Loan against Property

  3. Loan against property is an all-purpose loan. A loan can be taken for any purpose in the time of financial emergency. • There is personal loan but it is tagged with a high interest rate along with short loan repayment tenure. Therefore many people are not able to take personal loan. • If you own a house you can take loan against and it turns out to be cheaper than a personal loan. • The reason behind this is the lender has the mortgaged property as security with it therefore there is no tension of defaulter of loan amount. While in the personal loan there are no such security norms.

  4. Loan against property is an all-purpose loan. A loan can be taken for any purpose in the time of financial emergency. • There is personal loan but it is tagged with a high interest rate along with short loan repayment tenure. • Therefore many people are not able to take home loans. If you own a house you can take loan against and it turns out to be cheaper than a personal loan. • The reason behind this is the lender has the mortgaged property as security with it therefore there is no tension of defaulter of loan amount. While in the personal loan there are no such security norms.

  5. Loan against property is an all-purpose loan. A loan can be taken for any purpose in the time of financial emergency. • There is personal loan but it is tagged with a high interest rate along with short loan repayment tenure. • Therefore many people are not able to take personal loan. If you own a house you can take loan against and it turns out to be cheaper than a personal loan. • The reason behind this is the lender has the mortgaged property as security with it therefore there is no tension of defaulter of loan amount. While in the personal loan there are no such security norms.

  6. Click to know more on Home Loans: https://www.hdfc.com/housing-loans/home-loans/for-new-homes-salaried Thank You…

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