If you are in a situation where you have a property with you, a personal or a commercial, and for the need of money, you can sell off the property. But the other alternative will be to keep the property as mortgage, and get financing with the help of a loan against property.
The best part of a loan is that the rate of interest of the loan is lower as it is a secured loan and you are not required to specify the reason of the loan application.
It can be for financing your child’s education, wedding, medical emergencies, expanding businesses and and more.
However, it is not easy to choose the right financial institution to apply for a loan. Here, are some of the best lenders in the market, from which you can choose.
Bajaj Finserv is the most renowned non-banking finance company (NBFC) in India offering a loan against property at a lower rate of interest. You can even choose a fixed or a floating interest rate. They also provide many other benefits such as higher loan amount up to Rs. 3.5 crores, easy loan disbursal, flexible loan tenor, easy balance transfer facility, online account accessibility.
The other good lenders are HDFC Bank and ICICI Bank. To know the facilities of those banks in details, read: https://www.bloglovin.com/@aditiahuja9/top-3-loan-against-property-providers-at