How can I take a loan against property mortgage?
Banks usually give only a certain percentage of the value of the property as loan
How can I take a loan against property mortgage?
Suraj Rungta, Bhilai
Several banks offer loans against property. The conditions usually are that the person taking the loan should have a clear title to the property and not have it already mortgaged. If you have taken a home loan against the property, you may not be able to get another loan on it, unless most of your loan has already been paid off. Banks usually give only a certain percentage of the value of the property as loan. The amount you can get depends on this margin and the value of your property.