If you are looking for an easy funding option to fund your multipurpose needs, loan against property is a good option. There are many lenders in India offering this easy facility to avail a loan against your property.
This loan option enables you to get high loan value at a very affordable interest rate, as well as flexible loan tenor. Let’s have a closer look at why the mortgage loan is perfect for your different financial requirements.
You get Ample Loan Amount to need your different Financial Needs
Whether you want to finance your child’s education, invest in your children’s marriage or you have any other financial emergency, you can opt for a loan against the property to get a large amount to meet your expenses.
Affordable EMIs with Long Tenure and Lower Interest Rates
On loan against property, you get easy repayment option on a long tenor. You can repay the loan amount in affordable EMIs for up to 20 years, which is a very long time to clear your debt. You can even prepay the amount as foreclosure at once to get debt-free as soon as possible.
Flexi Loan Facility
Flexi Loan facility offered by certain NBFCs allows you to withdraw your saved investment from your main sanction whenever you need it – whether for medical or travel expenditure. The benefit of this facility is that you get to pay only the interest amount that you have utilised from the total sanction. Moreover, you even repay what you’ve borrowed as interest-only EMIs and repay the principal amount at the end of the tenor. This will help you in properly managing your cash flow.
Additional Read: Fund your Multipurpose Needs through Loan Against Property
Alisha Antil is your best financial helper for insurance. She has a vast experience in finance and insurance and provide to you the expert advise in insuring your property and health.
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