You can avail loan against expanding your business, children’s marriage, medical treatments, sending your child abroad for higher studies abroad etc. Here are various types of loan against property, NB FCs generally offer higher loan amount for a long period at lower interest rates compared to other loans, property loan can be disbursed quickly without much hassle, residential and commercial both properties consent to collateral, property loan is an extremely debt consolidated tool. Property loan’s benefits are secure loans which means that these loans are only offered when you offer a property owned by you as security, long-term loans and repayment period can be anywhere between 10 years to 15 years, the amount you can borrow as a loan against property ranges from Rs. 300,000 to Rs. Crore, the rate of interest for the loan and the loan amount varies on a case to case basis depending on the type of property and other terms specified by the lender, banks levy administrative charges on the applicant incurred while processing the loan application such as property assessment, processing fee etc.