Are such loans available for a long time period

Loan against property is not a very long-term product in the sense that while there might be housing loans that go up to 15 years or even 20 years this kind of period will not be witnessed in such loans. Usually, the maximum period for the loan is fixed at 7 years and most banks will usually not give a loan against property for a period that exceeds 5 years. The reason is that the amount is not being lent for a specific purpose. Thus if there is a shorter time period then it can be ensured that the amount is used effectively and the figure will also be repaid quickly rather than let it go on for a longer time frame.