What You Must Know About Loan Against Property

What purposes can I take a loan against property for?

Loan against Property can be taken for following purposes:

- Expanding your business

- Getting your child's married

- Sending your child for higher studies abroad

- Funding your dream vacation

- Funding medical treatments

What kind of properties can I mortgage for a loan?

You can generally take a loan against your residential property, which may be self-occupied or rented. This could be a house, flat or even a piece of land.

What are the eligibility criteria to get a loan against property?

• Your income, savings, debt obligations


• Cost/value of the property mortgaged


• Your repayment track record for other loans, credit cards, etc.