Property is one of the most valuable assets of an individual which can serve variety of purposes during the time of need. Most of the people take loan against property when they need money for expanding their business, for investment, for wedding and for many more purposes. It is a good thing actually. Instead of selling your property to make money, you can simply take a loan against it to fulfill your financial needs. You have to keep your property as mortgage with the bank to get this loan because this is a secured loan and it cannot be sanctioned without collateral or mortgage.
Loan against property Delhi can be taken against any type of property whether it is industrial, commercial or residential property. The loan amount will be determined by the value of your property and your EMI for the loan will be based on the loan amount. Interest rate and tenure for the loan you can discuss with the lender and accordingly you can decide whether you want to take that particular loan package or not. Various banks and financial institutions offer various loan packages but you should choose the one that is perfect as per your requirement.