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Loan Against Property in NCR

Loan against property in Delhi NCR is provided by various banks, Non-Banking Financial Institutions (NBFCs), and other financial institutions.

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Loan Against Property in NCR

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  1. Loan Against Property in NCR

  2. Loan Against Property in NCR Loan against property in Delhi NCR is provided by various banks, Non-Banking Financial Institutions (NBFCs), and other financial institutions. Borrowers can avail the loan at competitive interest rates by keeping a residential or commercial property as collateral against the borrowing loan amount. In this case, the mortgaged property documents and its legal ownership remains with the financial institutions unless the entire loan is paid or cleared.   Loan against property can be availed for multiple purposes which means loan amount can be used for both the personal and business requirements including debt consolidation, business expansion and medical emergency. Loan Against Property in NCR Lower interest rate: Lowest Interest Rate: As earlier stated that keeping the property as collateral, the rate of interest is generally lower than compared to other loan products. Loan against property interest rates generally starts from 9% per annum while in case of personal loan the interest rate starts from 11% p.a.

  3. No prepayment charges:  While closing your what is loan against property by making prepayment towards your loan. Lenders generally don’t charge prepayment charges in case of loan against property. Easily accessible: As the loans are secured by collateral, banks are more likely to provide these loans quickly. Hence, you won’t find it very hazardous to get a property loan. Longer tenure: These loans are generally available for longer tenure going up to 15 years while the tenure in case of personal loan is generally up to 7 years.

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