loan against property in Mumbai for all customer

Your property is one of your biggest assets. You have invested your hard-earned money in acquiring it. Now let your property work for you. Loan against Property is an ideal way to utilize and leverage your property to its full potential. This all-purpose loan will help you fulfill your dream of taking your business to the next level or have that home renovation you have been waiting for. Best Finance Consultant in Mumbai.  Be it business or personal financial requirements, you can mortgage your Residential or Commercial property to avail an attractive low EMI  Loan Against Property .Contact to Finance Bazar for Best  Loan Against Property in Mumbai. Features & Benefits Loan up to 5 Crore Loan up to 40% of the market value of the property Tenure up to 180 months Best interest rates Simple and speedy processing Balance transfer facility - Lets you retire your high-cost debt Loan against Rent Receivables - Lease rental discounting Loans to purchase a new shop or office f

A ‘ loan against property ’ is a personal loan given against the mortgage of one’s property. This loan is provided at a certain percentage of the value of one’s property, generally between 40 to 60 percent of the property value. These loans are most usually taken against residential properties (house/flat/property) which could be self-occupied or rented out. Loans taken against properties are usually personal loans which can be taken to expand ones business, to provide funds for events such as marriages, further education fees, funding a vacation or funding medical treatments. The eligibility criteria for a loan against property is similar to that of normal loans in the sense that the lender will check your income, savings, debt obligations, the cost of your property, your credit score and your repayment track record. Interest rates for Loans against property range from 12% to 15.75%. Loan against property in Mumbai. Loan against property in Mumbai.These loans are secured loan

Home Loan is a loan that is offered to person by banks to buy a house. This amount has to be repaid by the borrower to the lenders through monthly installments also known as EMI. However, Loan against Property in a Mumbai is where you will receive money from the bank by mortgaging your property. Here your property will act as a security deposit for the money that is rendered by the bank. And until the repayment of the loan amount, the original documents of the property will be under banks custody. In case if the borrower fails to repay the loan amount, banks will move legal procedure to own the property. Purpose: Home loan is granted for purchase or procurement of a house. Loan against property is used to grant loan for borrowers against the security of existing property. In simple, home loan helps in procuring a property whereas loan against property will help borrowers to get the loan sanctioned on the basis of existing property. Interest: The rate of interest on home lo