Loan Against Property

There are many who get confused over Housing Loans and loans against property. But the fact remains both of them are different. In case of housing loans, the loan is given against the house whereas the loans against property are given against anything that is considered to be your property. At Nostra Wealth we will handle and look after all your paper work and documents so that everything is in order so that you get the loan easily.

Features of Loan against property:-

• Loans from Rs2 Lakhs onwards depending on an individual's needs
• One can borrow up to 70% of market value of the property
• Flexibility to choose between an EMI based loan or an overdraft
• High tenure loans for ease of repayment.
• Attractive interest rates.
• Simple and speedy processing.
• Loan for salaried & self-employed individuals

Loan against Property can be taken for following purposes:-

• In order to expand one's business
• For your child's marriage
• Children's higher education
• For that dream vacation of yours
• Fund Medical Treatments

Advantages of taking a Loan against Property:

• These loans are cheaper compared to personal loans.
• The tenure for a Loan against Property is generally longer than that for a personal loan. Loans against property are given for a time frame amounting to 10 years.
• As the rate of interest is lower, the EMI given is much less compared to other loans.
• These loans require minimum documentation and take much less time to get approved.