It could be the perfect way to unlock the value locked in your property
Loan against property is a most cost-effective loan product compared to others, mainly because you are offering collateral in the form of land. Loans issued against shares and jewellery are also costlier.
India's mortgage industry until recently was an unorganized sector. But today organized mortgage sector is witnessing steady growth. It is estimated to be US $ 18 billion industry. Huge real estate requirements and development are believed to have fuelled its growth.