Prabhat Associates based in Thane, Mumbai has the best property loan consultant in the company. A loan for or against property is a secured loan. You can use the value of that by opting for an equitable mortgage loan if you acquire any commercial or residential property. The property papers are taken as security for a loan at a much lesser rate than the personal loan. The ownership of the property is retained by you. In case of inability to repay the loan the property could be disposed of off to repay dues.
It is significant to recognise that a loan against property is quite different from a mortgage. While a mortgage is a bank loan taken to purchase a property, a loan against property is a loan guarantee from the bank by putting up your existing property as a security against the loan.
To know more about such loans and their benefits, contact us and get details.