In today’s world, financial needs can arise at any moment — be it for a child’s education, business expansion, wedding expenses, or medical emergencies. Instead of taking a personal loan at high interest rates, many people are now using a smarter option: Loan Against Property. This method allows you to unlock the hidden value of your owned assets without selling them.

Loan Against Property is a type of secured loan where you pledge your residential, commercial, or industrial property as security to borrow funds. The biggest advantage is that the interest rates are much lower compared to unsecured loans. Also, since you continue to own the property, you can still use it even while the loan is active.

The process of getting a Loan Against Property is quite simple. First, you approach a bank or a financial institution with details about your property. The lender will evaluate the property's market value and offer you a loan amount, usually around 50% to 75% of the property’s current worth. Once you agree to the terms and conditions, the loan amount is disbursed, and you can use it for any personal or business purpose without restrictions.

One of the biggest benefits of a Loan Against Property is its flexible repayment tenure. Depending on the lender, you can choose a repayment period that ranges from 5 to 20 years. This makes it easier to manage your finances with lower EMIs (Equated Monthly Installments).