4 Perks of getting a Loan Against Property

Loan against Property can be used as “a last minute saviour”, because of the perks you get with it. Life has its Ups and Downs and during those moments, we need a helping hand or something to help us out. Most of the time a good amount of money is all we need to come up and that’s when a loan against property becomes our saviour. Most of the people possess some kind of property, whether a plot of land or a flat which we can wisely use to suffice our needs.

Isn’t it a better option to use that piece of land, which is lying there unutilized, to help yourself? Well, Loan against property is one such loan which helps you to use that property and unravel your problem as it gives more advantages than another loan so that you can easily rely on it.

Some of the extra perks you get with Loan against property.

1. Fast Processing: If you need loan during an emergency, obviously you would want to have it quickly and that’s why LOAN AGAINST PROPERTY is reliable. Processing of this loan is much faster than other loans because it’s a secured loan.

2. Lower interest rate: Another reviving advantage of loan against property (LAP) is the lower interest rate as it is more attractive than other forms of loans, like personal loan. You can even have a good amount of money as loan, which can be around 60% - 80% of the market value of your property e.g. if your property’s value is 1crore, you could get loan up to 60- 80 lakhs as loan.

3. Multi-purpose loan: Whether it’s trip to abroad or a wedding of your son or daughter, you can use the loan amount for that without answering anyone because it’s a multi-purpose loan which you can use according to your preference.

4. Pre-payment: It’s possible for you to pay your loan against property before the tenure of the loan is over and claim your property again. On the other hand, you can even use your property for any purpose you want, whether residential or commercial.

Get it faster with more ease:

CreditNation is a fastest growing online financial service provider, where you can get all the loans and credit cards, like PERSONAL LOAN, home loan etc. CreditNation makes it even easier for you to get the LOAN AGAINST PROPERTY IN INDIA faster with minimal documents. We help you to get the loan without going anywhere because we help you throughout the process. We know the value of your trust, so we make sure that your details are secured with us and we provide you all the transparent information. Our customer support team always update you about your application, through calls and messages. We compare all the available offers to pick the best suitable offer for you with more benefits. So, feel free to contact us for any query, regarding your loan application and we’ll be glad to help you.