5 Benefits Of Taking a PNB Housing Loan Against Property for a Wedding
What is a Loan Against Property?
A Loan Against Property, also called a Mortgage Loan, is taken against the security of a property you own.
Why Should You Take LAP For a Wedding?
Planning a grand wedding requires a hefty amount that no ordinary loan can provide. Taking a Loan Against Property can help get the sum quickly.
Here is the Benefits Of Taking A PNB Housing Loan Against Property
#1
Instant Funds Available
Get instant disbursal of the loan amount in your account with minimal documentation and a quick approval process.
# 2
Lower Interest Rates
The interest rate for a loan against property is lower than for personal loans.
# 3
Longer Tenure
Borrowers can get a longer repayment tenure, reducing the EMI amount and the burden on your shoulders.
# 4
Loan To Value Ratio
Avoid applying for multiple loans simultaneously to avoid hard CIBIL inquiries. When you apply for a loan, a hard inquiry is made that reduces your score.
# 5
Loan Processing
PNB Housing Loan Against Property possesses no hidden processing charges. The borrowers are informed about all the charges beforehand.