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Home > Forum > Chennai > Other > Questions about loan against property

Questions about loan against property

Q: Hello,

We are in process of raising money for our business and need funds. We were thinking of getting loan against property for this purpose.

We have piece of land in Ahmedabad and Chennai. Do you think we can get loan keeping piece of land as mortgage? Can we can have one single loan application by merging values of both the properties?

Thanks
Nishant

Reply

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Replies (2)
1
Thanks Ishika. I had read somewhere that loan against land is banned in India so was wondering if it's a fake news or not.
Nishant S


2
Definitely you can avail a loan against multiple property but the loan amount will get sanctioned depending on your repayment capacity for which they will review your business plan
Ishika M


3

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