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Date : Nov 24, 2008

Question

dear sir i had a query ob helaf of my brother in law. he had a property worth 15 lakhs at New panvel and it is not mortgaged . he needs a personal loan against property toa tune of 8 lakhs. he has some outstandings in form of credit card dues and some other personal loans, i would like to know if he is eligible for a personal loan against his property with all these parameters. your frank suggestion at the earliest would be highly appreciated. Thanks and best regards Mansi Upreti (Ms)

Answer

Your brother in law can take a loan against his existing free hold property to pay off his dues. The loan eligibility is based on income and value of property.

 

 

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