Get Loan Agianst Property

The best part about mortgaging your property for a Loan is that you don’t lose ownership of your property even after you mortgage your property. You can continue to use your property while it serves as a mortgaged property for your loan.

A loan against property gives you the benefit of partial loan disbursement, where you can get disburse a part of your loan amount and keep the remaining amount for a later stage.

Given the availability of security (collateral), a loan against property is easy to get compared to other unsecured loans. The documentation requirements are also minimal with some financial institutions providing doorstep facilities as well. The pre-payment towards a loan against property is generally not charged or penalized by the lender. This makes closing one’s loan against property easier and hassle-free.