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03 LAP
Saksham
These are loans and advances to individuals and firms against their properties. This is categorized as a ‘loan against property’ and has set parameters defined. The purpose of the loans could range from expanding businesses, funds for marriage, funding medical requirements, funding higher studies, or planning a dream vacation. One can avail of these loans against commercial property or residential property collaterals. In these loans, the property is mortgaged and a fixed percentage of the prevailing market value of the property is given to the borrower as a loan.
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