Loan against property guide
A guide to secured borrowing against residential or eligible commercial property for permitted personal or business purposes.
Eligibility
Common factors include ownership of an acceptable residential or commercial property, clear title, stable documented income, age, credit history and sufficient repayment capacity. Property type, location and valuation rules vary by lender.
Potential benefits
May provide a larger amount and longer tenure than an unsecured personal loan; permitted end uses can include personal or business requirements, subject to lender restrictions.
How to apply
Define the permitted end use and required amount, obtain independent property and repayment advice, compare official lender terms, prepare KYC, income and complete title documents, complete legal and valuation checks, and review mortgage and default consequences before signing.