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Everything You Need To Know About Loan Against Land Property:A Loan against Land Property is the most beneficial one. It is available to both individuals and businessmen by pledging their land as a security or collateral. Banks or financial institutions keep your property as collateral and sanction loans of up to 70% of the property's market value.
Purpose of Using Loan Against Land Property:- To finance a wedding
- To renovate your property.
- To fund your child’s education.
- To fund any medical emergency.
- To start or expand your business.
- Lowest Interest Rate Loan against Property, this what makes it an ideal and secured option.
- Since banks keep your property as security, and hence, less stress or hassle involved in the process, and it is easy to get.
- Available for a longer tenure than normal loans. It lasts up to 15 years.
- The longer the tenure, the lower the EMI, which keeps your burden minimum.