Differences between a 'Home loan' and a 'Loan against property'

CA Mahesh Bansal , Last updated: 18 January 2017 Share Follow on Google News

I have observed that many people can not differentiate correctly between a home loan and a loan against property. Many people call me to inquire about a home loan against security of a property already owned by them. It is not a home loan. Instead, it is a mortgage loan or a loan against property or

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About the Author

CA Mahesh Bansal

Practising CA with specialisation in banking related consultancy

I am a practicing CA in Ghaziabad (Delhi NCR). I have served in a nationalized bank in SME Credit Division for around 4 years and subsequently commenced practice with core area inbank financing.I havegood hold on all matters pertaining to bank funding, project financing and financial analysis. We have expertisein prepa ... Read more

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Differences between a 'Home loan' and a 'Loan against property'

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