Home Loan vs Loan Against Property:Which one is the best suitable for you? Find out
Updated: 08 Apr 2022, 08:01 AM IST
TL;DR.Borrowers tend to get confused between a loan against property and home loan since both are secured advances. There are, however, some notable differences between the two. Let us decode this for you.
A home loan is a loan used to fund the purchase for a new home whereas a loan against property is an amount borrowed by using an existing property as security.