In loan against property loan an inverse relationship between tenure and EMI. Longer the tenure lower will be the EMI and vice versa.
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If the value of the property has risen during the tenure of the loan the owners also have the option to avail a top-up on their existing loan
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You can mortgage both residential and commercial property and enjoy comfortable EMIs with a long tenure of up to 15 years
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You can avail of this after providing your property as collateral. your overdraft limit will be determined by the value of your property as well as your account history
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There are convenient repayment options such as part payment or foreclosure and more than sufficient repayment tenure of 5 to 15 years
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The borrower also has the option to increase the tenure of his or her home loan by lowering the repayment amount made every month
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As rent metro cities is quite high they put a strain on your monthly budget it is better to pay the emis and own a house.
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If the value of the property has risen during the tenure of the loan the owners also have the option to avail a top-up on their existing loan this is especially useful for business men
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Most advantageous of all borrowers will not be required to apply for a brand new loan making it extremely convenient for them..
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