123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Loan Against Property: Use Your Property To Get Loan

Profile Picture
By Author: Fayeem
Total Articles: 86
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

There are many expenses with which the person has to deal. Moreover, sometimes there are medical emergencies that drain the savings of the person. So, at such times, they need to opt for a personal loan. However, getting a personal loan is easy if you do not have any outstanding mortgage. But the chances of not having any loans are rare because the person cannot afford the education system without external help. So, in such cases, if you have investments and still you need money for other expenditures, then you can opt for a loan against property. Every person has some of the other features in their name, and they can use it to get the required money. There are many benefits for them, which are listed below.

Benefits Of Loan Against Property

• The primary benefit would include lower EMIs. Moreover, the person can extend the tenure of the loan and will have to pay lower values every month.

• If the property documents are in your name, then it would be straightforward to avail of the loan amount. You need to get the papers, and the loan would be approved after an inquiry to verify the ownership of the ...
... property.

• The loan amount would depend on the value of the property. So, usually, the bank offers 75-90 % of the loan amount against the value of the property.

• Moreover, there is a vast range of properties that are acceptable for a loan. For example, you can use your house, apartment, or shop for a Loan Against Property. Also, you can use any plot or offices in your name to avail of the loan amount.

However, the person needs to supply the original documents of the property to get the loan. Moreover, the papers would remain with the bank until you can repay the amount. There are other useful schemes from the bank, which helps you in reducing interest. For example, if you prepay one EMI, then you would get the option of reduction in the principal amount, which would help in reducing the total interest.
The reason for this is that the interest is calculated on the principal amount, and reduction in it would cause a decrease in repayment amount. So, you can use many such schemes to lower your total interest. However, the use of credit amounts in the loan would help in improving your credit score for the future.

Total Views: 309Word Count: 396See All articles From Author

Add Comment

Investing / Finance Articles

1. The Rise Of Investment Banking Companies In Hyderabad’s Financial Scene
Author: Verity knowladge solutions

2. Globe Civil Projects Ipo Gmp 2025 | Price Band ₹67–71, Dates & Gmp ₹0
Author: finowings

3. Investing Ira Gold, California: Gold Ira Investment
Author: Gold and Silver Investment News

4. Expert Accounting Services In South Auckland: Supporting Growth In Manukau And Beyond
Author: WhizBiz

5. A Short Guide To Turn Your Pension Into An Annuity In The Uk
Author: Finance Advisor

6. Globe Civil Projects Ipo: Key Dates, Price Band & Gmp
Author: finowings

7. Why Hyderabad Is The Best City For First-time Homebuyers In 2025
Author: anilsinhaanni

8. Top Crypto Security Trends In 2025: What Every Investor Must Know?
Author: Xiaou Princess

9. Term Loan Vs Line Of Credit: What Hyderabad Businesses Should Know
Author: anilsinhaanni

10. How A Certificate Course In Retail Can Open Doors To High-paying Jobs
Author: sandeep

11. Leveraging Technology: How Virtual Cfos Utilize Tools For Financial Analytics
Author: Dipanjan Das

12. Top Features To Look For In A Stock Trading Platform
Author: Aman Kumar

13. Top Trade Credit Finance Solution Providers: A Substantial Guide For Businesses
Author: Merchant

14. Top Benefits Of Investing In Property Through Your Super In Australia
Author: Rick Lopez

15. The Effect Of Fee Structures On Investment Returns Over The Years
Author: Amit

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: