Housing Development Finance Corporation (HDFC) has applied few changes to its loan against property scheme. In other words HDFC has re-launched the scheme where it provides loan against property. When the lender sanctions a loan on the basis of security provided by the borrower it is called Loan against mortgage of property (LAP). LAP is [...]

Barclays Global Retail Bank (GRB) India has launched a unique semi-fixed loan against property. These loans against property have a fixed interest rate for the first two years, after which the rate becomes variable for the rest of the tenure. This is an important step considering most loans against property have a variable rate of [...]