Loan against Property is one of the forms of the Personal loans and are secured loans offered by banks and financial institutions using one or more properties owned by you as collateral or security. One can avail these mortgage loans by collateral commercial property or residential property. The property is mortgaged and a certain percentage of the prevailing market value of the property (usually between 60-70% of the value of the property) is providing to the borrower as a loan. Though such a property is mortgaged with the lender, you are still allowed to continue using it for residential or commercial purposes.

Loan against property are a well again option as compared to a personal loan due to the comparatively lower rate of interest charged by the lender. Furthermore, unlike gold loans, where your gold ornaments are secured with the bank and you do not get them back till the loan amount is paid in full, While you repaying the loan amount you can continue using the property used as collateral and the property which has been mortgage.

Loans against property very much preferred form of loans in India, and much more easily available than ever. Along with being cost-effective, these loans are realistically convenient to avail and repayment due to the relatively low interest rate of Loans against Property. Our company Riddhi Siddhi multi services is specialized in loan against property and Along with this our clients have an easy access to our financing services that includes consulting on business financial solutions.