Loan Against Property - Rupee Funding

Loan Against
Property

This type of loan should be opted if you need funds and have residential or commercial real estate which can be given as security. Here are the top benefits.

Flexible end-use of Funds

Long Tenor

Low Interest Rates

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Flexible end-use of Funds

The funds can be used for personal needs like education, wedding, medical treatment, as well as business requirements.

Long Tenor

Longer tenor of up to 15 years, compared to Personal Loans which are usually only up to 5 years.

Low Interest Rates

Since the lender has security of land and building, the interest rates offered are significantly lower than Personal Loans.

Savings resulting from availing Loan Against Property, as against Personal Loan, is shown in the table below:

Type of Loan	Personal Loan	Loan Against Property
Loan Amount	Rs 50 lakh	Rs 50 lakh
Loan Tenor	5 years	5 years
Rate of Interest	11.00% p.a.	8.25% p.a.
Monthly EMI (Principal + Interest	Rs 1,08,712	Rs 1,01,981
Total Cash Outflow during 5-year tenor	Rs 65.23 lakh	Rs 61.19 lakh
Total Interest payable during 5 year tenor	Rs 15.23 lakh	Rs 11.19 lakh