Learning Centre: Credit Card | Home Loan | Personal Loan | Business Loan | Loan Against Property | Life Insurance | Health Insurance
Learning Centre >> Loan Against Property >> FAQs
FAQs
1. What is the basic feature of a loan against property?
2. Is there any advantage on the interest charged on such loans?
3. Why are the interest rates on such loans lower compared to personal loans and credit cards?
4. What is the difference between a home loan and a loan against property?
5. What is the basic condition required for a loan against property?
6. Are such loans available for a long time period?
7. How is the loan to be repaid?
8. What is the manner of disbursement of the loan?
9. What is the element of risk for the borrower?
10. What are the conditions under which this loan is normally taken?
11. Why is the control over the overall spending essential?
12. Can a salaried person get a loan against property?
13. Is there a lot of documentation for such loan?
 
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