Loan against Property
• Processing charges will be 1% of loan amount.
• Interest will be charged @13.75% below Rs.10 lacs,above 10 Lacs and below 25Lacs @12.75% and above 25Lacs 11.50%.
• Loan against property generally sanctioned for a certain period and on instalment basis say for 3 years, 5 years, 7 years etc.
• Loan against property can be given to individuals, Businessmen for any purpose like repairing of house, to start new business, for commercial construction etc.