What is loan against property?
Loan against property is a secured loan availed of against a commercial or residential property kept as collateral with the lender. As the funds come with no end-use restriction, borrowers can utilise the funds for various purposes, such as to fund a business expansion, or your child’s wedding or education.

Check out these features of a loan against property from Fin Mithra Serve

LTV of the property loan is 70% – 75% of the current market value of the mortgaged property
Comes with flexible repayment tenor up to 5 years

Funds up to Rs. 15 Lakhs are available

Simple and easy-to-meet eligibility criteria

Loan Against Property Features

Loan against fully constructed, freehold residential and commercial properties for: Business Needs; Marriage, medical expenses and other personal needs; transferring your outstanding loan availed from another Bank / Financial Institution

Longer tenure, smaller EMIs

Attractive interest rates

Easy and hassle free documentation

Simple repayments through monthly instalments