A loan against property can be taken as a business loan to grow your business, or to fund your children’s education, or meet a wedding’s expenses. The proceeds of a loan against property can be used for any legitimate purpose. At Square Capital, we research the entire options of mortgages for you and handpick the one that best suits your objectives.
Your eligibility is determined after looking at the following:
The current market value of your property and its current status
Your current Income
The nature and continuity of your employment
Your current obligations i.e. the other installments ( EMIs) you are currently paying, the number of credit cards and credit limits you have or use
Your past credit history
The purpose of availing such loans is also discussed with the lender and may have a bearing on the loan sanction.