Loan against property is type of mortgage loan and is available for both the salaried and self-employed borrowers to help them fulfil their business and personal needs.
This loan is usually taken for expanding business, acquiring assets, education needs, marriage, etc. The loan is granted against the mortgage of the residential/commercial/industrial property. The end use of the loan should be from the uses allowed by the bank. The borrower is required to declare the end use of the loan in its application form.
Your loan can serve a variety of needs, everything from home renovation to debt consolidation and more.
If all your documents are in order the loan should be credited to your account in 24 hours.
Yes, but it comes with a marginal charge. You can read about it
Loan is a term-loan offered by a financial institution at defined interest rate to be repaid within specific tenure. Whereas, cash credit is a short-term working capital loan in the form of a credit limit offered by a bank to an enterprise.
We offer competitive interest rates for our loan facilities. The interest for each loan is determined based on assessment of your business profile, past track record, financial records, loan amount required and tenure of loan.