Loan Against Property

You can use your house as collateral to take a loan from a bank. The latter will exercise due diligence as far as the property is concerned, appraise its value, and offer you up to 70% of its value as loan. Since this is a secured loan (you are offering collateral), you can get a higher amount than the one you will get for an unsecured loan like a personal loan. Of course, you will also have to pay the administrative and processing fee, which is usually 0.5-1.5% of the value of the loan. Typically, the tenure for such a loan is 1-15 years, but some banks may be willing to extend it to 15 years if the loan is large. The interest rate, which can be floating or fixed, varies from 12-16%, which makes them cheaper than personal loans.
"Taking a loan against your property is certainly cheaper than a personal loan, where the interest rate is usually between 14% and 22%. The only loan that is less expensive than the one against a property is a home loan,

It's also a better option since the tenure for these loans is longer than those for personal loans, which offer a maximum term of five years. Of course, you can prepay the loan, with the banks following the same guidelines as those for regular home loans.

Loan Against Property can be offered against the following properties:-

  • Home Loans
  • Loan Against Properties
  • Financial Restructuring
  • Working Capital Loans
  • Lease Rental Discounting
  • Cash Credit Limits
  • Real Estate funding


Why Loans ATM:-

  • Max Tenure Loan
  • Low Rate of interest
  • Max Amount
  • Over draft Facility
  • Term Loan
  • Drop Line Overdraft
  • Balance Transfer (Reducing Your Interest rates)



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Loans ATM is a team of finance professionals dedicated to helping you make the right decisions in choosing a home loan for what may be "the biggest financial decision of your life"

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