Top 7 Housing finance Companies to take Loan against property in India

Need some capital to invest in the business? Want some cash for your daughter's marriage? Urgent need for funds because of a medical emergency? All this could create a hole in your financial planning and saving if you don't have enough funds to support.

In such cases, a loan against property can be beneficial. It is accessible, easy, fast, and simple. Some of the Housing Finance companies such as Shubham Housing Finance, Adhaar, IIFL, etc. where you need not have to wait for a longer time to get the amount of your property qualifies for Loan Against Property.

A loan against property is commonly taken by business owners to meet their cash flow requirements. It is also known as "Home Equity Loans" which is taken against the security of the house you own. 

Salaried people can also use Loan against property to fund their expenses, such as marriage, pursuing education abroad, for consolidating debts, or any other personal needs.

Here you can take a look at the some of the best Housing Finance Companies in India from where you can opt for Loan Against property:

A Loan Against Property is an excellent way to utilize an existing asset, and also you can get credit at a much lower cost than borrowing money for any other loans.

Shubham Housing Finance is the leader in providing home loans to those with cash incomes and with no income proof of up to Rs 15 lakhs with customizable EMI options. The Loan is available at low-interest rates and processing fees. Availing of a Loan Against Property requires that the applicant should be residing in a city where Shubham has a branch, or you can visit Shubham's website to apply online.

IIFL:  It is one of the leading housing finance companies in India which offers loans against your residential or commercial property. The borrowers can get funds up to 60% value of the property against the property. Based on your eligibility and financial requirement, you can choose two product variants under Loan Against Property- Regular Loan Against Property & Samman LAP.

Ummed Housing Finance: Umeed Housing Finance is a private company which provides Loan to the lower and middle-income Indian families. It provides Loan against the property at attractive interest rates and flexible repayment options. 

India Shelter Housing Finance: India Shelter Finance is a provider of credit solutions. It provides LAP for both business and personal purposes. It provides Loan at an attractive interest rate. 

Adhaar Housing Finance: It is the best mate and solution at the time of urgent need of money. The loan amount offered by banks is based upon the condition of the property, its location, construction and age of the property. But with Adhaar, you can quickly get a loan on your self-occupied or rented property and also with minimal documentation.

Avas Housing finance:  Your home could be the perfect solution for all your financial needs. Aavas Finance serves primarily in the un-served, unreached and under-served markets of India. It also offers secure and transparent home loan solutions quickly and easily.

Art Housing Finance: Art Housing finance provides loan against property to the economically weaker section of the society. It contains all sorts of lending options tailored to cater to the specific requirements of the borrowers.

It is recommended that customers must go through an in-depth analysis while choosing to take a loan against property from any of the above housing finance companies before mortgaging your property. If you have any queries, do let us know in the comment section below.