Q: Hi, Is it possible to take loan against the property for doing changes in the interior??isn't there any Loan for House Repair or so ? duration needed is just 6 months ?
Loan Against Property is a secured personal loan which you can avail by pledging your property as a security or a collateral. Loan against property schemes helps you to meet personal needs such as education, marriage, healthcare, etc. Apply for loan against your commercial & residential property to meet your business needs or any other financial commitments.
If you are looking for a large amount then loan against property is good else instant personal loan is best. You will get a loan immediately without any hassle.
Well Nilu, If you do have a large spend plan for the interiors then you may apply for loan against property (mortgage), else personal loans could be an option, though the interest rates here could be much higher.