Weddings are a very personal but grand affairs for most families. Loan against property is a convenient option if you wish to fund the wedding without having to withdraw/ break any of your savings. It helps you liquify your fixed asset, in this case, a property to meet your immediate or future financial goals. Availing a Loan Against Property will lower your expenses and help you get the best moments of the wedding.
The process is rather simple too as lenders are willing to offer appreciable loan amount and interest rates on the loan. This comes under the secured loan category as a property is pledged as collateral to secure the loan. Such a loan attracts a lower interest rate again because of the collateral being pledged as security towards it.
Experienced NBFCs offers the Flexi Hybrid feature on this loan as they understand that managing a wedding could run into expenses almost every day. This unique facility lets you withdraw as per your needs daily from the loan amount sanctioned. This not only gives you the financial freedom to cater to every aspect of the occasion but helps to lower your repayments. This is because interest is charged on these daily withdrawal limits which help to reduce your EMI repayments by up to 45%.
Depending on the value of your property you can obtain a high-value loan at the affordable interest rate and let you enjoy quick loan disbursal. The loan tenure ranges from anywhere between 2-20 years so you can easily pay off the loan. You can avail the online account management facility which lets you manage and access your loan from anywhere anytime.
Read over here to know more: IS LOAN AGAINST PROPERTY A GOOD CHOICE FOR WEDDING PREPARATION?
Loan Against Collateral 