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You can take Loan Against Property to expand your business, your all business requirements, purchase a new shop or office for your business, plan a dream wedding, fund your child’s education and much more. Loan Against Property is specially designed product to help you expand your business without reducing the capital from your business.
Advantages of taking a Loan Against Property:
• Cheaper than Personal Loans: It works out to be much cheaper than a personal loans, which is usually issued at interest rates in the region of 16 per cent-21 per cent.
• Longer Loan Tenure: The tenure for a Loan Against Property is usually longer than that for a personal loan. Generally, LAP is given for a maximum tenure of 10 To 15 years.
• Lower EMI: Since the rate of interest is lower and the Tenure is High, the EMI amount is lower than the Personal Loan
• Simple documentation and Fast Approvals: LAP being a secured Loan has comparatively faster approvals and minimal documentation.
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