A Loan against property is a loan given by the lender to the borrower against the property mortgaged. Unlike the unsecured loan, the loan against property involves a security that is the property, which the borrower can mortgage in case the loan is not repaid by the borrower. Hence, it is a type of mortgage loan.
In such loans, the market value of the property is calculated and the loan furnished is a certain percentage of the market value of the loan. Can fund against N.A land Or MIDC Land up to 60% of market value Can Fund Against Industrial property up to 65% of market value