Education is an integral part of any society but due to rising cost of living it has become imperative for parents to start saving early or look for alternate sources of funds. Loan against property is that viable source of finance which lets you fund higher studies for your children.The Loan Against Property for Higher Education deals in best facilities at an affordable rates.

Here’s how the loan can help you.

• This is a secured loan as it is acquired by pledging your fixed asset or property as collateral. This works as an assiduity for the lender as they understand that they can sell off or auction the property in case you fail clear the loan.
• Once obtained you do not have to disclose how you wish to use the funds. Thus, it makes it an all-purpose loan and it can be used to fund your child’s education.
• The loan can be obtained for longer duration anywhere between 2 to 20 years. This will give you ample time to pay it off and in the meanwhile if your children find jobs they can help you in paying off the loan too.
• Eligible applicants can obtain 60-70% of the property value as loan. Salaried individuals can take up to Rs. 1 crore as loan while self employed individuals can avail up to Rs. 3.5 crores. This is a huge amount which can easily help to fund your child’s higher studies even if its overseas.
• This is a hassle-free loan which can be easily applied for online with minimum paperwork. It can be maintained and tracked online from anywhere, at anytime.