Your Guide to Tax Benefits on Loans Against Property
Posted on Wednesday, September 27th, 2023 |
A loan against property (LAP) is a versatile financing solution that can be used to fund both business and personal expenses. Borrowers must pledge either a residential or commercial property as collateral to get a loan against property. Certain tax benefits on loans against property can also be enjoyed by eligible borrowers. Under Section 24(B)…
Read moreHow Can You Get Tax Benefits on Loan Against Property?
Posted on Friday, September 15th, 2023 |
On a rainy day, your first instinct may be to turn to your savings. But, what if your financial needs exceed the amount in your savings fund? In such a situation, your property can prove to be your biggest asset. With a loan against property, you may use your residential or commercial property as a…
Read moreHelpful Tips to Help You Get a Loan Against Property Quickly and Easily
Posted on Monday, July 3rd, 2023 |
Getting a loan against property quickly can be a challenging task. But with some tips, you’ll be on the right path. These include maintaining a high credit score, having a stable income, adding a co-applicant, having a low debt-to-income ratio, and choosing a lender with whom you have an existing relationship. A loan against property…
Read more6 Factors to Consider While Taking Loan Against Property
Posted on Tuesday, June 27th, 2023 |
Loans against property can be a great way to access funds for large purchases or business or personal needs. However, when planning to take out a loan against your property, make sure to consider the following six factors: the loan amount, property ownership, loan interest rate, tax benefits, repayment tenure, and additional charges on the…
Read moreWhat is a Loan against Property and What are its Benefits?
Posted on Tuesday, June 6th, 2023 |
A loan against property refers to mortgaging a property you own to obtain a loan for your business or personal needs. This is a secured loan that offers benefits such as low interest rate, higher loan amount, longer repayment tenure, tax deductions, and nil to negligible foreclosure charges. Sound and early financial planning can help…
Read moreHow Can You Avail Tax Benefits from LAP
Posted on Monday, May 29th, 2023 |
When you urgently need a hefty amount of credit, applying for a loan against property online is one of the most trusted ways to finance your significant expenses. As a secured loan, it offers several benefits, like lower interest rates, longer repayment tenures, and higher loan amounts. Besides, a loan against property puts no restriction on end-use,…
Read moreLOAN AGAINST PROPERTY – “Enhance your earnings by leveraging your increased property value” !
Posted on Wednesday, March 2nd, 2022 |
Most of us are meticulous business planners. However, there are times when you want to scale up business without having to disturb your savings. At this point in time, borrowing money from friends and family could be an easier option. However if amounts are large, it may not be a good idea to stress their…
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