This service enables you to pledge your property as collateral to obtain a loan. The funds can be used for various purposes, including business expansion, education, medical emergencies, or personal commitments, while you continue to retain ownership of the property.
Types of Loan Against Property:
- Residential Property Loan: Secured against self-occupied or rented residential properties.
- Commercial Property Loan: Offered against commercial establishments like offices, shops, or warehouses.
- Industrial Property Loan: Provided against industrial premises used for manufacturing or related activities.
- Lease Rental Discounting (LRD): Loans based on rental income from leased properties.
Features of Loan Against Property:
- High Loan Amount: Access to substantial funds based on the property's market value.
- Flexible Usage: Funds can be used for diverse personal or business purposes.
- Longer Tenure: Extended repayment periods for easy EMI management.
- Lower Interest Rates: Competitive rates compared to unsecured loans.
- Continued Property Ownership: Retain ownership while utilizing the property's value.
A Loan Against Property is an effective way to secure funds without liquidating your assets. Partner with RKS Wealth for customized LAP solutions designed to meet your unique financial goals.
