How useful is ‘Loan against Property’
Home is a place where we live and is invaluable to us. However, it has got great monetary value on assessment and this can be utilized when we need money from any financial institutions. ‘Loan against Property’ is an effective tool to raise the money in need or for any planned expenses that we have.
An old saying is an absolute truth, buying gold or properties not only appreciates in terms of giving us handsome returns on our investments but also helps in bad times. Property is considered to be an asset and in case we need funds at any point of time, banks are quick to approve loan against this asset since the loan is a secured loan from bank’s perspective.
Advantages of ‘Loan against Property’
- Low rate of interest comparative to personal or business loans.
- Loan amount can be higher as high the property value is.
- Tax benefits from the government (up to defined limit in taxation clause).
- Longer period to pay back available.
- Flexibility to pay back early without any extra charges.
Check points while selecting the right bank to avail home loan
- Approved loan against property: Right assessment of property value is must for an appropriate loan amount approval.
- Rate of Interest: Check the prevailing market rate of interests and choose the lowest.
- Processing fee: Keep a check on processing fee, what % of loan is being charged.
- Foreclosure charges: Check the rules of bank, what is permissible limit of amount.
- Customer services: See how prompt the bank is once the disbursal has happened.
Top 10 ‘Loan against Property’ providing Banks/NBFCs in Noida
- State Bank of India Home Loans
- Punjab National Bank Home Loans
- Bank of Baroda Home Loans
- Canara Bank Home Loans
- Bank of Maharashtra Home Loans
- HDFC Bank Home Loans
- ICICI Bank Home Loans
- Axis Bank Home Loans
- Kotak Bank Home Loans
- Bajaj Finance Home Loans
Why Choose LoanzCart? LoanzCart is the right choice for those who want to get the best deal on their ‘Loan against Property’. We work as a bridge between the banks and customers ensuring a smooth customer journey in terms of hassle-free documentation, quick loan approval, desired loan amount sanction and smooth disbursal.
Contact LoanzCart:
- Website: https://loanzcart.com/
- Phone: +91 9625964055
- Email: info@loanzcart.com
