Loan Against Property Balance Transfer and Its Key Feature
Introduction
Loan against property is the loan which normally given by the bank against the mortgage of your property. This type of loan comes under the category of secured loan. .
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The security in this case is the property of the borrower. Here, the property can include your home, your commercial property, or land. The amount of loan is decided based on the market value of your property.
● The asset remain as collateral with the lender until the entire loan against property amount is repaid. Mortgage loan also transfer money from one bank to another bank in order to enjoy the benefits of loan against property balance transfer at lowest price
● Property play an important role interest rate on loan against property like location, condition, age. If the property is in prime location it will have a high resale value.
● It is a loan that issued to the bidder under special condition, used to ensure the fulfillment obligations based on the result of the tender.
● To set up a business large sum of capital would be require to meet the necessary cost in the form of operational expenses, infrastructure purchase and hiring resources.
Know About the Interest Rate on Loan Against Property
There are following way of knowing how to apply quick loan against property:● Visit application form on website ● Select your ‘Employment Type’ ● Fill all the documentation process ● Submit the application How to Apply
Types of Fee Charges Applicable Processing Fee Up to 6% of the loan amount Loan Statement Charges NIL Interest and principal Statement Charges NIL EMI bounce Charges Up to Rs. 3,000 Penal Interest Up to 2% Secure Fee Up to Rs. 4,999 Fee and Charges
Apply for Home Loan Choose a most suitable and comfortable loan. Apply for loan from Bajaj Housing Property and bring most affordable loan with minimum documentary process. Apply for long tenure loan so it will not affect your budget.
More Info:Follow us on:BAJAJ HOUSING FINANCE LIMITED Cerebrum IT Park, 5th Floor B2 Building, Holy Cross Rd, Kalyani Nagar Pune, Maharashtra - 411014 Phone number : +91 8698010101 Email id: bhflwecare@bajajfinserv.in /Bajaj-Housing-Finance-Lim ited-106889874092628/ bajaj-housing-finance-limit ed/mycompany/
