AuthorAlisha Antil is your best financial helper for insurance. She has a vast experience in finance and insurance and provide to you the expert advise in insuring your property and health. Archives
March 2020
|
Back to Blog
India offers a plethora of credit options, and a loan against property is one of them. The credit scheme, as per the laws concerning the application process, state that anyone with the eligibility to get approved for the said credit option can apply for it. Despite that, women, due to lack of proper evidences, often ask whether they are eligible for a loan against property.
To answer this, anyone who can meet the mortgage loan eligibility conditions mentioned below and has a fitting asset i.e. an asset having a good net worth.
What is a Loan Against Property?
A loan against property is a debt product which allows people, potential applicants to mortgage residential or commercial properties they own, and borrow a sufficient amount as a loan. As a part, the ownership of the property is partially transferred to the lender, which, can be reclaimed once the debt is completely paid off. The best part, the money can be used for anything as long as paying EMIs is not a burden for you. Additional Read: Can a Female Applicant Apply for the Loan Against Property
0 Comments
Read More
Leave a Reply. |