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LOAN AGAINST PROPERTY IN MUMBAI | COMMERCIAL LOANS IN MUMBAI

Loan against property in Mumbai what the name implies. It is loan granted against the mortgage property. The loan rate ranges from 40% to 60% of the assessment amount. Loan against property is a assure loan as the borrower guarantees that delinquency, if any, can be compensated by his property. The Loan tenure can be up to 15 years and the interest rate between 12 to 15 percent. Loan against property can be taken for many reasons: