A loan for or against Property is a secured loan. You could use the value of that by opting for equitable mortgage lean if you acquire any commercial or residential property. The property papers are taken as security for a loan at a much lesser rate than a personal loan. The ownership of the property is retained by you. In case of inability to repay the loan the property could be disposed of to repay dues.
It is significant to recognize that a loan against property is quite different from a mortgage. While a mortgage is a bank loan taken to purchase a property, a loan against property is a loan guarantee from the bank by putting up your existing property as a security against the loan.
Depending upon the existing market conditions, the paid-up value of the property, and other factors, the value of the loan against property can be anywhere between 40-60% of the property value. Build a safe future and cash in on your smart prior investments. Get a property loan and utilize it for any type of need.