Published on Nov 11, 2022Updated on Oct 10, 2023
As an entrepreneur, there are several reasons you began your business and several more that keep you running it. Some people have long term goals like health, happiness, and money. Certain other people have freedom of time, holidaying, and family time as priority for long term goals. One of the most common objectives that business owners have is the educational success of their children. From graduation to studying abroad, further studies require quite some financial investment. For this, you can opt for a loan against property for education.
With suitable interest rate options and comfortable loan tenures, you can realise your long term business goals with a loan from a favourable lending institution. This article explains why a loan against property for education is a good choice.
A loan against property is that loan for which you pledge any existing residential property or real estate establishment as collateral. Such loans are called secured loans. You can avail a loan amount for up to 70% of your property’s market value and although the lending institution has taken it up as collateral, you can continue using it as it was. Only during times of default will the lender turn to exchange the property in the market to make up for losses.
External financing for fulfilling your purposes can be beneficial if you want to hold back from exhausting your savings. Here are 5 reasons why taking up a loan against property is a sensible decision:
The main 3 goals of any business owner are typically financial security, family health, and his/her children’s education. If you are an entrepreneur yourself, you can turn to SMFG India Credit’s loan against property provision to take care of your long term business goals. Check out the documents required for applying and apply as soon as possible. Moreover, you can check the eligibility criteria to realise whether or not you can apply for the loan.
With all steps online, you can take advantage of this loan from the comfort of your home. The interest rates are low and tenures go up till 180 months. That's why, take the first step towards financing your business goals today!
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