• Submit Your Content
  • Editorial Policy
  • Advertise
  • Send Us Tip
  • About
  • Contact Us
  • Jobs
NewsPostOnline
Advertisement
  • Home
  • News
    • All
    • Business
    • Education
    • Finance
    • Legal
    • Marketing
    • Politics
    • Real Estate
    • Retail
    • Science
    • Social
    • Social Media
    • World
    neon signs

    How a Perfect Custom Neon Sign Gives Your Business a Unique Identity

    How to Become a Tax Preparer: Your Complete Guide

    How to Convert More Business Opportunity Leads

    Tarot Card

    Which Tarot Card Represents Unity and Partnership?

    Helping Employees Feel More Connected (and Less Like Office Furniture)

  • Tech
    • All
    • Apps
    • Automobiles
    • Electronics
    • Gadget
    • Mobile
    • Startup
    website design and development

    Elevating Fashion Online: Website Design & Development

    tyre trends

    Top 5 Tyre Trends to Watch in 2025: What Retailers and Mechanics Need to Know

    How to Display Google Maps Location in WooCommerce Bookings for Easy Navigation?

    Case Studies: Successful Businesses Utilizing WooCommerce Login Redirects

    How to Offer Personalized Product Pricing with WooCommerce Custom Pricing

  • Entertainment
    • All
    • Gaming
    • Music
    • Sports

    Which are the Top 10 Gaming Companies in India in 2025

    cloud gaming

    Is cloud gaming secure? What are the security issues?

    ott platforms

    OTT Platforms: Shift from Cable to On-Demand Content

    Baseball for Beginners: Understanding the Rules and Positions

    Toronto Party Bus: Ideal for Film and TV Production Needs

  • Lifestyle
    • All
    • Architecture
    • Beauty
    • Fashion
    • Food
    • Health
    • Home
    • Travel

    How To Incorporate Retro Styles Into Modern Outfits?

    The Future of Medicine: AI Chatbot Beats Doctors in Diagnostic Accuracy

    Emergency Dental Clinic

    When Should You Visit an Emergency Dental Clinic?

    Rejuvenating Your Skin

    Chemical Peels: Rejuvenating Your Skin for a Youthful Glow

    wall putty

    How Wall Putty Enhances the Durability of Your Walls

  • Review
    • All
    • Advice
    • Opinion

    SwifDoo PDF: Simplifying Document Management with Power and Efficiency

    Full Review: Best Choice for Windows 10 Cloud Backup

    Air Conditioner

    What to Do with Your Air Conditioner This Winter

    Molto Italiano Podcast

    Molto Italiano Podcast: Episode 1 Review

    Office Moving Trends

    Office Moving Trends: 5 Best Tips For Moving Offices Smoothly

  • Future
    • All
    • Artificial Intelligence
    • Astrology
    • Augmented Reality
    • Bitcoin
    • Blockchain
    • Cryptocurrency
    • Energy
    • Environment
    • Virtual Reality
    artificial intelligence in healthcare

    How Artificial Intelligence Can Revolutionize Healthcare

    What are the Features of Astrology Apps

    electric vehicles

    Electric Vehicles: Latest Trends in Battery Tech and Charging Infrastructure

    AI for Manufacturing

    Generative AI for Manufacturing: Use Cases, Benefits, and Steps

    nakshatra in astrology

    Information about Nakshatra According to Astrology

  • Insights
    • All
    • Companies
    • NPO Radar
    • Strategy

    Top 10 Web Development Companies In USA 2025

    Top 5 App Development Companies to Develop Android Apps Quickly

    Content Strategies

    Targeting Your Audience: Content Strategies for Specific Markets

    Ensuring Product Integrity: Cold Chain Management Best Practices and Strategies

    Top 10 iOS App Development Companies In California

  • Events
Advertise
No Result
View All Result
  • Home
  • News
    • All
    • Business
    • Education
    • Finance
    • Legal
    • Marketing
    • Politics
    • Real Estate
    • Retail
    • Science
    • Social
    • Social Media
    • World
    neon signs

    How a Perfect Custom Neon Sign Gives Your Business a Unique Identity

    How to Become a Tax Preparer: Your Complete Guide

    How to Convert More Business Opportunity Leads

    Tarot Card

    Which Tarot Card Represents Unity and Partnership?

    Helping Employees Feel More Connected (and Less Like Office Furniture)

  • Tech
    • All
    • Apps
    • Automobiles
    • Electronics
    • Gadget
    • Mobile
    • Startup
    website design and development

    Elevating Fashion Online: Website Design & Development

    tyre trends

    Top 5 Tyre Trends to Watch in 2025: What Retailers and Mechanics Need to Know

    How to Display Google Maps Location in WooCommerce Bookings for Easy Navigation?

    Case Studies: Successful Businesses Utilizing WooCommerce Login Redirects

    How to Offer Personalized Product Pricing with WooCommerce Custom Pricing

  • Entertainment
    • All
    • Gaming
    • Music
    • Sports

    Which are the Top 10 Gaming Companies in India in 2025

    cloud gaming

    Is cloud gaming secure? What are the security issues?

    ott platforms

    OTT Platforms: Shift from Cable to On-Demand Content

    Baseball for Beginners: Understanding the Rules and Positions

    Toronto Party Bus: Ideal for Film and TV Production Needs

  • Lifestyle
    • All
    • Architecture
    • Beauty
    • Fashion
    • Food
    • Health
    • Home
    • Travel

    How To Incorporate Retro Styles Into Modern Outfits?

    The Future of Medicine: AI Chatbot Beats Doctors in Diagnostic Accuracy

    Emergency Dental Clinic

    When Should You Visit an Emergency Dental Clinic?

    Rejuvenating Your Skin

    Chemical Peels: Rejuvenating Your Skin for a Youthful Glow

    wall putty

    How Wall Putty Enhances the Durability of Your Walls

  • Review
    • All
    • Advice
    • Opinion

    SwifDoo PDF: Simplifying Document Management with Power and Efficiency

    Full Review: Best Choice for Windows 10 Cloud Backup

    Air Conditioner

    What to Do with Your Air Conditioner This Winter

    Molto Italiano Podcast

    Molto Italiano Podcast: Episode 1 Review

    Office Moving Trends

    Office Moving Trends: 5 Best Tips For Moving Offices Smoothly

  • Future
    • All
    • Artificial Intelligence
    • Astrology
    • Augmented Reality
    • Bitcoin
    • Blockchain
    • Cryptocurrency
    • Energy
    • Environment
    • Virtual Reality
    artificial intelligence in healthcare

    How Artificial Intelligence Can Revolutionize Healthcare

    What are the Features of Astrology Apps

    electric vehicles

    Electric Vehicles: Latest Trends in Battery Tech and Charging Infrastructure

    AI for Manufacturing

    Generative AI for Manufacturing: Use Cases, Benefits, and Steps

    nakshatra in astrology

    Information about Nakshatra According to Astrology

  • Insights
    • All
    • Companies
    • NPO Radar
    • Strategy

    Top 10 Web Development Companies In USA 2025

    Top 5 App Development Companies to Develop Android Apps Quickly

    Content Strategies

    Targeting Your Audience: Content Strategies for Specific Markets

    Ensuring Product Integrity: Cold Chain Management Best Practices and Strategies

    Top 10 iOS App Development Companies In California

  • Events
No Result
View All Result
NewsPostOnline
No Result
View All Result

The Major Types of Loan Against Property in India

NPO by NPO
December 21, 2021
in Finance
0
Home News Finance
0
SHARES
215
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT
Types of Loan

A loan against property helps to meet high-ticket personal and professional needs with convenience. There are various types of loan against property solutions available in India. Most financial institutions offer tailor-made loan solutions to help meet the unique needs of all borrowers.

The Major Benefits of a Loan against Property 

The major benefits of a loan against property are as follows:

  • Low loan against property interest rates
  • Low processing fee
  • Zero hidden charge
  • Zero pre-payment penalties
  • Interest on reducing loan balance

Loan Against Property Eligibility

To be eligible for a loan against property, the following are essential:

Minimum Age: 18 years

Maximum Age: 70 years

Resident Type: Resident Indian

Loan Tenor: Up to 15 years

Types of Loan Against Property Available in India

The following are the most common types of loan against property available in India:

Loan against property for education

A borrower can use a loan against property for purposes related to higher education. The loan is especially beneficial for students who are pursuing higher education overseas or in India. Some of the major advantages include minimal documentation, hassle-free and quick disbursal, and loan repayment tenors.

Loan against property for renovation

From installing the latest lighting fixture introduced in the market or fancy kitchen cabinets, existing homeowners can make the best use of a loan against property to renovate their home. 

ADVERTISEMENT

Loan against a residential or commercial property

A borrower can avail of a secured residential or commercial property loan for funding any monetary requirements. In such a case, the borrower has to mortgage their property as collateral to avail of the desired loan amount. The sanction is also, however, based on the current market value of the pledged property.

Loan against property for wedding 

Being a once-in-a-lifetime event, most Indians do not mind splurging. A typical wedding in India can go up to some lakhs. Even though financial prudence calls for consistent savings to build the desired budget to fund a dream wedding, the trend of financing funds by availing a loan against property is rising. Factors that affect eligibility for a loan against property used for marriage include work experience, age, salary, and also types of property. Borrowers can check their eligibility for a loan against property online by using an eligibility calculator. By doing so, a borrower can save time and effort.

Loan against property for debt consolidation

Consolidating multiple loans is always a smart move. A loan against property can be used for debt consolidation. This secured loan allows borrowers to consolidate several existing debts and also avoid penalties from any pending dues. As a result, a borrower can save up on EMIs. On meeting the eligibility criteria and providing the required documents, a borrower can expect speedy approval followed by swift disbursal.

ADVERTISEMENT

Loan Against Property by Professions

  • Loan against Property for Doctors

Doctors can avail of a secured loan against property to finance their immediate funding needs. They can use the loan amount to equip their nursing home, expand a clinic, or refinance their existing housing loan in India. Some of the major benefits of such a loan include facilities like the following: quick disbursal, flexible repayment policy, favorable loan tenors, high loan sanction, and personalized insurance schemes.

  • Loan against Property for Chartered Accountants

Chartered accountants can avail of a loan against property for business and personal purposes, including funding a wedding, expanding their business, paying for a medical emergency, and so on. The end-use of a loan against the property must not be for any prohibitive or speculative activity. The eligibility of loan against property for chartered accountants is calculated based on the borrower’s repayment capacity.

Reverse Mortgage

In this context, it is also worth knowing about a reverse mortgage, which is a relatively new concept in India. It has been launched for senior citizens. Many senior citizens do not have a steady and adequate monthly income. However, many possess property in some form. So they can opt for a reverse mortgage. A reverse mortgage is the opposite of a mortgage loan. One availing it has to pledge the property as a mortgage with the lending institution, such as a bank or an NBFC. The lender will pay them a steady amount of income each month in the form of EMIs. When the senior citizen passes away, the bank or NBFC can sell off the property. The loan amount that is paid to the senior citizens is deducted from the amount in which the real estate is sold. The residual amount is returned to the legal heirs of the deceased individual.

The Final Word

Financial experts recommend that a borrower must always try to avoid over-leveraging. Otherwise, it may lead to a default. The borrower can end up losing the property against which they have availed of the loan against property. If the property that has been pledged as collateral is disputed, chances are that the loan may be denied.

Tags: loanstypes of loans
ADVERTISEMENT
Previous Post

6 Tips to Put an End to Your Teeth Clenching

Next Post

B2B Vs B2C eCommerce: A Detailed Comparison Between the Two Sellers

NPO

NPO

Related Posts

How to Become a Tax Preparer: Your Complete Guide

May 22, 2025
tax softwares

Top Five Best Tax Software in 2024

October 15, 2024
Sales Tax Services

Understanding the Importance of Sales Tax Services for Your Business

October 25, 2023
dynamic pricing ecommerce

Enabling the Dynamic Pricing Strategies in e-Commerce With AI

September 25, 2023
cash flow

How to Manage Cash Flow When Constructing Your Property

September 7, 2023

How Can I Use My Video Editing Skills To Earn Money?

July 6, 2023
Next Post
B2B Vs B2C eCommerce

B2B Vs B2C eCommerce: A Detailed Comparison Between the Two Sellers

ADVERTISEMENT
  • Trending
  • Comments
  • Latest

How to fix HP Printer Spooler Error?

February 7, 2020
Anime Shows Online

Top 10 Trending Anime Shows Online in 2022

December 18, 2023

What Are The Ways To Fix SBCGlobal Email Issues?

July 21, 2020
cleaning ram

How to Clean RAM in Your PC

July 19, 2022
jobs in startups

5 Tips to Get a Job at a Tech Startup in 2025

0
Entrepreneur

What Skills Do You Need to be an Entrepreneur?

0
Business Office Apps

Best Business/Office Android Apps of 20th Century (Updated)

0
Google Pixel

Google Pixel 4 vs Pixel 3 vs Pixel 3a: Which Phone is Right for you?

0
jobs in startups

5 Tips to Get a Job at a Tech Startup in 2025

May 29, 2025
neon signs

How a Perfect Custom Neon Sign Gives Your Business a Unique Identity

May 29, 2025
website design and development

Elevating Fashion Online: Website Design & Development

May 29, 2025
tyre trends

Top 5 Tyre Trends to Watch in 2025: What Retailers and Mechanics Need to Know

May 29, 2025

Recent News

jobs in startups

5 Tips to Get a Job at a Tech Startup in 2025

May 29, 2025
neon signs

How a Perfect Custom Neon Sign Gives Your Business a Unique Identity

May 29, 2025
website design and development

Elevating Fashion Online: Website Design & Development

May 29, 2025
tyre trends

Top 5 Tyre Trends to Watch in 2025: What Retailers and Mechanics Need to Know

May 29, 2025
ADVERTISEMENT
NewsPostOnline

NewsPostOnline is an independent online publication that is a voice to the world of technology and marketing. Every month we reach over 10 million passionate technology enthusiasts who rely on us for news, reviews, features & product recommendations, etc.

Trust Seal

  DMCA.com Protection Status

Browse by Category

  • Advice
  • Advice
  • Apps
  • Architecture
  • Artificial Intelligence
  • Astrology
  • Augmented Reality
  • Automobiles
  • Beauty
  • Best Practice
  • Bitcoin
  • Blockchain
  • Business
  • Career
  • Case Studies
  • Companies
  • Cryptocurrency
  • Education
  • Electronics
  • Energy
  • Entertainment
  • Environment
  • Fashion
  • Finance
  • Food
  • Future
  • Gadget
  • Gaming
  • Guide
  • Health
  • Home
  • How to
  • India
  • Legal
  • Lifestyle
  • Marketing
  • Mobile
  • Music
  • News
  • NPO Radar
  • Opinion
  • Playstation
  • Politics
  • Product Reviews
  • Real Estate
  • Retail
  • Review
  • Science
  • Social
  • Social Media
  • Sports
  • Startup
  • Strategy
  • Tech
  • Travel
  • Uncategorized
  • Virtual Reality
  • World

Recent News

jobs in startups

5 Tips to Get a Job at a Tech Startup in 2025

May 29, 2025
neon signs

How a Perfect Custom Neon Sign Gives Your Business a Unique Identity

May 29, 2025

We are Listed

  • About
  • Advertise
  • Terms and Conditions
  • Privacy Policy
  • Cookie Policy
  • Submit Your Content
  • Contact Us

© 2021 NewsPostOnline. All Rights Reserved

No Result
View All Result
  • Submit Your Content
  • Editorial Policy
  • Advertise
  • Send Us Tip
  • About
  • Contact Us
  • Jobs

© 2021 NewsPostOnline. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our I Agree