Eligibility for Loan against Property in India
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Your property can serve as collateral for your intended loan.
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Financial institutions are more comfortable with loan against property because they have something to hold on.
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Loans against property have interesting interest rate.
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Professionals cutting across many fields are eligible for loan against property.
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The minimum age to apply for a loan against property is 24 years.
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Applicant would need to be up to 65 years or less at the time of loan maturation.
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Using loan against property can earn you reward points.
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Loans should only be taken when it is almost impossible to avoid going for it.
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Self-employed individuals that are filling Income Tax returns are also eligible for loan against property.
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It is better to make a plan before applying for a loan against property.
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Read the full article: https://businessloans.wordchapter.com/eligib ility-for-loan-against-property-in-india/
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