Everyone dreams of achieving something big in life—a quality education, starting a business, or perhaps planning a grand wedding. While these goals often come with a hefty price tag, the right financial support can make them achievable. One such option is a loan against property, which allows you to use your property as collateral to fund your dreams.

A loan against property is a secured loan offered by banks and financial institutions. In this arrangement, you pledge your residential or commercial property as security for the loan. The lender evaluates the market value of your property and provides funds based on a percentage of its value, usually ranging from 50% to 70%.

Here’s how a loan against property can help you turn your aspirations into reality:

1. Large Loan Amounts

One major advantage of a loan against property is that it offers a significantly higher loan amount compared to other types of loans like personal loans. Since the loan is secured by property, lenders are more willing to provide larger sums. This makes it an ideal option for big-ticket expenses, such as expanding your business, funding a child’s overseas education, or handling medical emergencies.

2. Lower Interest Rates

Since this is a secured loan, the interest rates are lower compared to unsecured loans. Lower interest rates mean reduced monthly payments, making it easier to manage your finances while repaying the loan.