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Loan Against Property
A loan against property is a type of loan that allows individuals to borrow money by using their property as collateral.
This means that if the borrower fails to repay the loan, the lender can seize the property to recover the outstanding amount.
This type of loan is often preferred by individuals who own a property and are in need of a large sum of money for various purposes such as business expansion, education, or medical expenses.
The amount that can be borrowed depends on the value of the property and the borrower's repayment capacity.
Additionally, the interest rates for loan against property are generally lower compared to other types of loans, making it an attractive option for those in need of funds.
