Home is where the heart is! At Devaki Investments, we understand this better than most – the toil and sweat that goes into building/ buying a house and the subsequent pride and joy of owning one. This is why our Housing loan schemes are designed to make it simple for you to make a choice at least as far as financing goes!
Loan against property or Property Loan, as it is often referred to, is a loan taken by pledging your existing property as a security. Loans against property can come in handy when other sources of funding get exhausted. It is important to understand that a loan against property is different from a mortgage. While a mortgage is a bank loan taken to buy a property, a loan against property is a loan secured from the bank by putting up your existing property as a security against the loan.
Depending upon the existing market conditions, the paid up value of the property and other factors, the value of the loan against property can be anywhere between 40-60 % of the property value. Cash in on your smart investments of the past and build a safe future. Take a property loan today and use it for any kind of requirement.
We provide loan against securities which is advantageous as this helps you to keep your carefully made portfolio intact and get cash against it anytime you want. All the banks have their individual list of approved securities against which the bank provides a loan. Both, resident and non-resident Indians can take a loan against the securities.