Benefits of Loan Against Property
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Lower interest rates
Loan against property offers lower interest rates due to the secured nature of the loan.
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Longer tenure
Loan against property offers longer tenure of 10-15 years and lower interest rates compared to personal loans.
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Easy to get
Typically, lenders are more willing to disburse secured loans since the risk is lower.
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As per market value
A loan amount is determined according to the collateral's market value.
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