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LOAN AGAINST PROPERTY
LOAN AGAINST PROPERTY TAKE OVER PROCESS
A loan against property is a way to boost funds as per your requirement by pledging your already existing property as collateral. The requirement can be buying a new property, financing your education, etc. You can pledge your existing property and avail of loans against it.
However, the entire process of availing a loan against property can be challenging. Some banks and NBFCs make this entire process smooth and hustle-free.
There are few basic steps involved in the takeover process of a Loan against property. They are:
1. FILLING OUT THE APPLICATION FORM
2. DOCUMENTS SUBMISSION
3. VERIFICATION OF DOCUMENTS
4. SANCTIONED LETTER FROM THE LENDER
5. EVALUATION OF PROPERTY
6. FUND TRANSFER TO THE ACCOUNT
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