A loan against property is a loan against your house or a plot. It's cheaper than that of a personal loan or loans against security. The right of ownership of the property is still with the borrower, and if he/she is unable to repay the loan amount, he/she can sell the property to pay off the debts. In other words it actually means - a loan given or disbursed against the mortgage of property. Visit IndianMoney.com for more information.
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