A loan against property is a great way for you to extract value out of your property while maintaining occupancy. It is a secured loan where a pre-owned residential or commercial property acts as collateral. Since it is a secured loan, the interest rates are lower, tenures are higher, and you can get much higher amounts of loans in order to finance your personal or professional needs.
IndusInd Bank offers some amazing features and benefits on loans against property that further enhances the value proposition.
Here are a few reasons why you should opt for a loan against from IndusInd Bank:
Competitive interest rates
Interest rate is one of the biggest factors that you must consider before opting for a loan against property. Given the longer tenures and higher amounts involved in a LAP, even the slightest changes in interest rates can affect your total interest cost dramatically.
IndusInd Bank offers some of the most competitive interest rates in the market, which allow you to lower your financial burden.
Flexible tenures and easy repayment
A loan’s tenure is another major factor that you need to consider before opting for a loan against property. Higher the tenure, lower the EMI, but higher the total interest outlay. At IndusInd Bank, you get to choose from an array of tenures as per your preferences and financial capabilities.
Streamlined application process with doorstep service
We, at IndusInd Bank, take pride in the streamlined processes that we have built so that you are able to get the financing that you require faster. With IndusInd Bank, you can apply for a loan against property completely online, without ever having to leave the comfort of your home. The documentation required is minimal and the loan disbursal process is quick. To know more, click here.
Full transparency and no hidden charges
At IndusInd Bank, we aim to have full transparency in the application process and the fees and charges associated with it. All the additional fees and charges associated with the loan are disclosed to the customers at the very beginning itself so that you can be rest assured of how much and for what you need to pay.
Loan for various purposes
With IndusInd Bank, you can apply for loans against residential property, commercial property, loans for purchasing commercial property, and can even transfer any outstanding loan balances that you might have with other lenders, giving you the flexibility to choose a product that fulfills your needs.
For any immediate long-term financing needs that you might have, a loan against property is a great option. With IndusInd Bank, you get all these amazing benefits that ensure that your application process is smooth and that you get the funds that you require as quickly as possible. To apply for an IndusInd Bank loan against property, click here.