{"id":802,"date":"2022-02-16T07:52:54","date_gmt":"2022-02-16T07:52:54","guid":{"rendered":"https:\/\/www.blackhacked.com\/?p=802"},"modified":"2022-02-16T09:23:03","modified_gmt":"2022-02-16T09:23:03","slug":"important-facts-that-you-should-know-before-applying-for-a-loan-against-property-in-india","status":"publish","type":"post","link":"https:\/\/www.blackhacked.com\/important-facts-that-you-should-know-before-applying-for-a-loan-against-property-in-india\/","title":{"rendered":"Important Facts That You Should Know Before Applying for a Loan Against Property in India!"},"content":{"rendered":"\n
Loan against property (LAP) permits you to leverage your property for raising adequate funds for your personal or business requirements without losing out on your property ownership. Due to the secured characteristic of the loan, lower loan against property interest rate is charged by the lenders as compared to the unsecured options. However, there are certain facts concerning loan against property that many are unaware about that generally results in suboptimal choices. <\/p>\n\n\n\n
Check out some crucial facts that you must know before you apply for loan against property: <\/p>\n\n\n\n
While loan against property is a better choice as compared to unsecured loan options like personal loan on the grounds of interest rate, repayment tenure and loan amount, the loan falls short in terms of loan disbursal time and document requirement. Keep in mind that lenders require various loan against property documents, which helps them to conduct a technical study to understand the property\u2019s market value. Do note that loan against property<\/strong><\/a> holds the risk of your lender taking possession of your property in case of a loan default. Thus, make sure to factor in your repayment capacity using the loan against property EMI calculator for selecting an optimal repayment tenure.<\/p>\n","protected":false},"excerpt":{"rendered":" Loan against property (LAP) permits you to leverage your property for raising adequate funds for your personal or business requirements without losing out on your property ownership. Due to the secured characteristic of the loan, lower loan against property interest rate is charged by the lenders as compared to the unsecured options. However, there are […]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[156],"tags":[331],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.blackhacked.com\/wp-json\/wp\/v2\/posts\/802"}],"collection":[{"href":"https:\/\/www.blackhacked.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackhacked.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackhacked.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackhacked.com\/wp-json\/wp\/v2\/comments?post=802"}],"version-history":[{"count":1,"href":"https:\/\/www.blackhacked.com\/wp-json\/wp\/v2\/posts\/802\/revisions"}],"predecessor-version":[{"id":803,"href":"https:\/\/www.blackhacked.com\/wp-json\/wp\/v2\/posts\/802\/revisions\/803"}],"wp:attachment":[{"href":"https:\/\/www.blackhacked.com\/wp-json\/wp\/v2\/media?parent=802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackhacked.com\/wp-json\/wp\/v2\/categories?post=802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackhacked.com\/wp-json\/wp\/v2\/tags?post=802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}