Unlocking the Value of Your Property: The Benefits and Risks of Taking a Loan Against Your Property
                     Hero FinCorp
Loan Against 
Property
Presented by Hero FinCorp
INTRODUCTION
A loan against property is a secured loan 
where the borrower pledges their property as 
collateral to secure the loan. It's an important 
financial product that can help individuals and 
businesses meet their financial needs.
ELIGIBILITY CRITERIA
To be eligible for a loan against property, the 
borrower must meet certain criteria such as 
minimum age, income, property ownership, 
and credit score. The loan amount is typically 
based on the value of the property.
TYPES OF PROPERTY
Residential, commercial, and industrial 
properties can be used as collateral for a loan 
against property. However, the property 
should be free from any legal disputes or 
encumbrances.
BENEFITS OF LOAN 
AGAINST PROPERTY
There are several benefits of taking a loan 
against property, such as lower interest rates 
compared to unsecured loans, longer 
repayment periods, and flexible repayment 
options. Additionally, the loan can be used for 
a variety of purposes such as funding 
education, starting a business, or 
consolidating debts.
DOCUMENTS REQUIRED
To apply for a loan against property, the 
borrower needs to submit several documents 
such as property documents, income proof, 
bank statements, and identity proof. The 
documentation process can vary depending 
on the lender.
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