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Mortagage Loans

Mortgage (Loan Against Property)

A loan against property is a loan given or disbursed against a mortgage of property. The loan value is of 40%-60% of the property’s value. Loan against property belongs to the secured loan category. This means that here the borrower provides

a guarantee by using his property as a form of security. This loan can be both for a self-owned house or a piece of land. The criteria for loan against property ranges from 12% to 15.75%. The loan payment tenure can go upto 15 years.