Do you have any property in your name in India and are a female? Do you have some urgent financial needs? Then you can apply for loan against property. The loan against property can get you a huge money from a lender. All that you require to do is pledge your property with a lender. Then lender help to borrow money.
The loan against property eligibility is simple. The age must be 33-58 for salaried and 25-70 for self-employed. You must have a regular source of income and need to be an Indian citizen. The female with an ownership of the property against her name, is eligible to apply for the loan. The interest rate is lower than personal loans as when lenders hold the property as collateral, it becomes secured.
As it is the best-secured loan options, you can opt for a longer duration. For salaried individuals it can be till 2-20 years while for self-employed, it is up to 18 years. In this way, you can easily stretch your borrower amount for a longer tenor and can pay small EMIs. Hence, it is easier to focus on other things in life.
If you require loan against property, then you can contact a lender, check the eligibility and apply online. Bajaj Finserv helps to get some pre-approved deals on loan against property. It help to make you loan application smooth and faster. You can discover your pre-approved loan offers by sharing some required details.