To help its customers get the best interest rates on loan against property loanmoney has consolidated all the information regarding current rate of interest for all the banks at one place. Please keep visiting this section to check updated rate of interest for loan against properties.
Compare Loan Against Property Interest Rates
A loan against property (LAP) is a good alternative if you need capital. Your property must have no outstanding ownership dispute associated with it and should not be mortgaged. If you can make repayments from your earnings.There are various eligibility criteria that you will need to meet to be able to get a loan against property.
Loan against Property refers to the secured loan category like home loan where the borrower gives a guarantee by using his property as a security. The right of ownership of the property is still with the borrower, and if he/she is unable to repay the loan amount, he/she can sell the property to pay off the debts.
In nutshell, Loan Against Property is a secured multi-purpose loan with larger tenor and lesser rate of interest.