Loan Against Property serves different purposes for individuals as well as businesses. It is often used by individuals to address essential life goals such as higher education of children, marriage, or making a down payment for a home or car. Competitive interest rates: Since a Loan Against Property is a secured mode of finance, the interest rates are comparatively lower. This results in lower EMIs, making it easy for the borrower to address other financial needs without straining his/her budget. Long repayment tenure: A Loan Against Property generally has long repayment tenure. This brings down the EMI, thereby facilitating repayment and easing the burden on the borrower. Continuous ownership of the property: A Loan Against Property helps the borrower unlock the dormant potential of the asset. The borrower continues to own and use the property while availing funds for the same. However, it’s essential to not default on EMI which might lead to legal hassles in the future. Get the best Property loan from PRIYANSHI ASSOCIATES call us to know in depth
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