{"id":821,"date":"2018-02-09T22:43:31","date_gmt":"2018-02-09T17:13:31","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=821"},"modified":"2018-08-23T14:27:14","modified_gmt":"2018-08-23T08:57:14","slug":"difference-home-loan-loan-property","status":"publish","type":"page","link":"https:\/\/www.antworksmoney.com\/blog\/difference-home-loan-loan-property\/","title":{"rendered":"What is the difference between Home Loan and Loan Against Property?"},"content":{"rendered":"

Loan against property is a loan that is given against the borrower\u2019s property. The property is sold and a settled level of the common market estimation of the property is given to the borrower as an advance. This percentage normally ranges between 60% and 70% of the value of the property. There are many advantages to getting a loan against property.
\n\u2022 The amount of loan available will be much higher when compared to loans such as a Personal Loan.
\n\u2022 The repayment period of the loans is up to 15 years which is much higher than Personal Loans but lower than that of a regular Home Loan.
\n\u2022 The rate of interest is close to regular Home Loan rates.<\/p>\n

Loan against property is generally used to raise capital for emergencies and other short-term purposes instead of going for a Personal Loan. There is no prepayment punishment for these credits which is pertinent in the event of the Personal Loans and settled rate Home Loans<\/strong>.<\/a><\/p>\n

Home Loan is a loan that is given out for purchasing a new property. This could be a plot plus a house or a flat. Home Loans come with long tenures and lower interest rates and are ideal if you want to purchase a home for self-occupation.<\/p>\n","protected":false},"excerpt":{"rendered":"

Loan against property is a loan that is given against the borrower\u2019s property. The property is sold and a settled level of the common market estimation of the property is given to the borrower as an advance. This percentage normally ranges between 60% and 70% of the value of the property. There are many advantages … Continue reading “What is the difference between Home Loan and Loan Against Property?”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":4585,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-821","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"\r\nDifference between Home Loan and Loan Against Property<\/title>\r\n<meta name=\"description\" content=\"Difference b\/w a home loan and lap- A lap is generally used to raise capital for emergencies and Home Loan is a loan...read more\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.antworksmoney.com\/blog\/difference-home-loan-loan-property\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Difference between Home Loan and Loan Against Property\" \/>\r\n<meta property=\"og:description\" content=\"Difference b\/w a home loan and lap- A lap is generally used to raise capital for emergencies and Home Loan is a loan...read more\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.antworksmoney.com\/blog\/difference-home-loan-loan-property\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Antworks Money - 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