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Why Loan Against Property Is A Better Option?

· Mortgage Loan,Interest Rate,LAP Self Employed,How to Apply LAP

If you are planning to move into a new home, then a property loan against your old home can solve the problem for you. So let’s discuss how loan against the old home is beneficial in buying a new property.

Large Amount As Loan

When you borrow a loan against the property to buy a new home, you will get a comparatively large amount of money. Any organisation will give you a good amount of loan against your old property. Whether you plan to buy a villa or a luxurious apartment, your old home can get you money for it.

Lower Rate Of Interest

You get the loan with lower rate of interest. This helps you to easily repay the loan. You can get the loan as per your CIBIL score and your property value.

Tenure Range

You get the facility of a long tenure that ranges between 2 to 20 years. Depending upon your profile and credit record you will be able to get flexible repay scheme and can stretch your tenure.

More Flexibility

You can now borrow loan as per your requirement and can pay the interest as your EMI. the rest of the amount can be cleared after the tenure of the loan ends.

Access Information Online

Very reputed lenders have their own digital portal where customers can log in and avail all the information regarding the loan anytime. This helps customers to learn about the procedure and other features. You can get started today with organisations such as Bajaj Finserv that provides pre-approved loans against property or home renovation loan.

To know more about or apply for loan against property, get in touch with the best lender.