Home First Gyan Series | E04 | How Loan Against Property is better then Personal Loan


Greetings! Greetings! Greetings! Welcome to Home First Gyaan Series Need funds to expand your business? Expand, expand more than you actually think you can! Or, Wish to send your kids abroad for further studies? Why not, it will shape a brighter future for them Want to have a lavish wedding? The wedding procession should be such that the entire would should watch Wish to pay off hospital bills? Oh Brother – consider it done! Not by taking a personal loan But by taking a Loan Against Property! So friends, please Like Subscribe and share this video. I will tell you the benefits of Loan Against property only on Home First Gyaan Series So what is Loan Against Property All banks sanction the loan on the basis of a guarantee God forbid if you are unable to repay the loan, bank will use the guarantee to pay off the debt. In Loan against property; the property becomes the guarantee for the bank This property can be a residential or commercial property as well Whatever may be the property value, you can get upto 50% of that value as loan amount. The only condition is that the applicant should be the owner of the property I can see your face full of questions, you are thinking – How is Loan against Property better than Personal loan? Okay! I’ll explain it In personal loans, the rate of interest is in between 18 – 24% and it depends on your credit score as well 24% ! In loan against property, the rate of interest is in between 12-17%. The bank has your guarantee right, that’s why the interest rate is lesser than a personal loan. You get upto 5 years to pay off your personal loan Only 5 years! In Loan Against Property you get 15 years to repay the loan. Higher the tenure, lower the EMI Bank doesn’t have any guarantee of yours in personal loan, hence they cannot sanction more than Rs. 20-25lakhs. That too after a lot of struggle See in Loan Against Property, you can get a higher amount. Suppose the property you have given to the bank as guarantee is valued at Rs. 1 Crore. So you can get upto 40-50% of that amount i.e 40 – 50 lakhs. No bank can give you such a high amount as a personal loan So friends, Loan against property has many more benefits. Give a missed call on this number and our team will get in touch with you. Till then, Like share and subscribe – show your love to Home First Gyaan Series. Gyaani Baba is going now!

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