Loan Against Property For Liquidity In Quick Time

Loan against property enable you to raise fund or loan. Loan against property is secured loan where borrowers keep their property as security for raising the loan. But loan against property is different from home loan or loan against security.

Loan against property is not a home loan or mortgage loan. Home loan or mortgage loan is loans used for purchase of property or plot but property against loan is loan which can be used for any purpose. Loan against property is cheaper when compare with personal loan and other unsecured loans.

You can take loan against your residential property, commercial property or even on plots. Some banks even provide loans against Industrial property. You can provide any of your property as security for your loan but if you live in co-operative society apartments, you need to submit No Objection Certificate by your co-operative society.

Documents and process of loan against property is similar to other secured loans. You need to enclose your address proof, documents of property, age proof and identification proof, employment details, monthly income are some of the important documents required. Some lending companies or banks ask three or six months bank statements to sanction your loan.

The bank does verification process where your application for loan against property will be verified before sanction of the loan. On completion of verification, lender offers you offer letter. If you accept the terms and condition are accepted by you, bank or lender does valuation of property and disburse the amount.

Loan against property is easy and safe loan where you get more time and interest is lower comparing to personal or other unsecured loans. If you make default in paying monthly EMI or principal amount with applicable interest, bank may take action to foreclose your property. Once foreclose process or procedure is complete, you will lose your rights on your property.

Loan against property is easy source of fund for those who make prompt payment. Loan against property is secured loan which can be used for any purpose. You can get your loan for expanding business, trip to go abroad for vacation, children’s education, marriage or other emergency needs. Interest rate is comparatively lower comparing to personal loan and other unsecured loan.

Loan against property is offered by almost all banks because it is less risky for lender. HDFC, State Bank of India, ICICI Bank, Union Bank of India are some of the leading banks for loan against property.

Make Your Dream Come True With Easy Personal Loan

Personal loan is available without any collateral security and with easy repayment option. Now you can owe or enjoy trips with your personal loan. Personal loan is easy like opening a bank account. Get a personal loan and make your dream true.

How can I get a personal loan?

Personal loan is easily available and needs no security or guarantor for loan. You can contact any bank which are lending personal loan. If you have an account in any bank, they will offer you personal loan. Some important banks which lend personal loans are following.

• ICICI Bank is one of the leading banks which offer various loans such as home loans, personal loan, vehicle loan, educational loan etc. Repayment option range from 12-60 months and needs no collateral security.

• Citibank is known for its service and fast cash. Ready cash personal loan is one of the important features of Citibank. They offer cash up to 15 lakhs at your doorstep within 48 hours. If you are applying for Citibank personal loan refer the reference code”CF2009″ for getting 50% discount on processing fee.

• HDFC Bank is leading bank which offers insurance covers for borrower in case of death or permanent disability. Insurance insures principle outstanding on the loan. HDFC offers personal loan for various legitimate purpose such as business development, buying home appliance, tour or trip with family or friends etc.

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