What is Loan against Property?

A Loan against Property is a secured loan availed against a commercial or residential property kept as collateral with the lender. As the funds come with no end usage restriction, borrowers can utilise the funds for various purposes such as business expansion, wedding, child’s education, etc.

Check out these features of a Loan against Property from Manjira Finance

• LTV( of the Property Loan is 75% – 90% of the current market value of the mortgaged property.
• Comes with flexible repayment tenure up to 42 months
• Funds up to Rs. 3.5 Crore are available
• Simple and easy-to-meet eligibility criteria

Know property loan tax benefits and how to get a Property Loan in details before applying for one.