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Date : Jun 28, 2009

Question

Sir, I have already taken a Loan against my property . Now iam in need of Finance. Is it possible to get loan against the same property from a different bank ??...If no ..please suggest me some alternate options. Thanks, Ssk

Answer

You cannot get a loan against already mortgaged property. You ca consider approaching your own lender and they may enhance the loan amount based on your income, the value of the land and the repayment track record.

 

 

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