All Businessmen read on to get the best deals on Loan Against Property @LoanStreet

Loan against Property is a Secured Loan in which one’s existing Property is mortgaged to raise funds from a Bank or a Financial Institution. 

Below listed requirements can be met by using a LAP:

1) Starting up a new business venture

2) Expanding the existing business venture

3) Medical Expenditures

4) Higher Education

5) Renovation Purpose

6) Working Capital Requirement

It can be taken as a Term Loan with Fixed EMI s or as an Overdraft facility. It is a big plus as business has fluctuating requirement of capital and an OD gives the needed flexibility. Interest is payable only for utilized funds at any point of time. So, a business man can use it as their Regular Current Account in which regular inflows keep saving Interest Costs.

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