Loan against Property Chennai: Benefits & How Loan360 Makes It Easy
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Many homeowners in Chennai are now turning to loan against property Chennai as a practical way to unlock liquidity without selling their assets. Loan360 specialises in helping clients avail mortgage loans Chennai or loan against property for diverse financial needs such as business expansion, education, debt consolidation, or large expenses.
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What is Loan Against Property (LAP)?
A mortgage loan Chennai (LAP) is a secured loan where you pledge your property (residential or commercial) as collateral. The lender gives you a percentage (often 60‑80%) of the property’s market value, which you can use as required.
Advantages of LAP via Loan360
Access to large sums: property as security allows higher borrowing amounts.
Flexible usage: funds can go towards any purpose — business, personal, or emergency.
Lower interest rate than unsecured loans.
Longer repayment stretched out to suit monthly budgets.
Things to Keep in Mind
Property should have a clear title and legal approvals.
If property is unapproved or has deviations, Loan360 helps you understand what additional steps or charges may be needed.
Maintenance of good credit history helps secure lower interest.
Loan360’s LAP Process in Chennai
Quick eligibility check online.
Transparent discussion of interest rates & charges.
Legal & valuation assistance.
Tie‑ups with lenders who accept unapproved construction and special properties where possible.
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