New Delhi, Aug. 24 -- A large financial requirement does not always mean you need to liquidate your assets. If you own a property, you can consider using it as collateral to access funds urgently for business needs or debt consolidation through a loan against property. Knowing how much you can borrow, estimating the resulting EMIs, and checking how comfortably they fit into your monthly budget are prudent before applying for a loan against property.

A loan against property is a secured loan wherein you pledge a residential or commercial property as collateral to obtain funds. Multiple factors, including the property's value, your income, repayment capacity, and other eligibility parameters, determine the loan amount you can qualify for....