Loan against property is a type of secured mortgage loan. One can get a loan from bank/NBFC by mortgaging their commercial as well as residential property. The property should not be under any legal dispute and should be registered under the name of the loan borrower. One can get maximum amount in loan against property. The tenure for loan against property ranges from 10 to 15 years.
One can pay off the loan against property by opting for EMI i.e. equated monthly installment. But various factors can affect you loan against property EMI. Refer the image below to know more.
