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All Types Of Property Loan

home All Types Of Property Loan
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All Types Of Property Loan

You can obtain a property loan by mortgaging your own property. The list of eligible property types that can be used as collateral varies by lender, but there are a few general ones that most lenders consider to be mortgages. Get a loan against property from Bajaj Finserv for the following types of properties.

5 different types of Property Loan in India

  • Basic Home Loan. The standard Home Loan is the most popular type of loan people take for fulfilling their dream of purchasing a home.
  • Home Construction Loan.
  • Home Extension/Improvement Loan.
  • Home Loan Balance Transfer.
  • Pradhan Mantri Awas Yojana (PMAY)

Loan against property enables you to use the value locked up in a property to meet any expenses that may arise. While the loan amount is determined by the total value of your property, you are free to spend the money however you see fit. Your property serves as collateral for the loan, but you can continue to use it normally.