I have one property at Mumbai costing around 50lacs I want loan on that would I get it or not?

-There should not be any problem for getting loan against property. You have to ensure that the property if "Freehold" and no other loan is pending against the property. It registered is in your name. Approach the Bank which serves you the best - complete the formalities and loan will be disbursed. Before giving you loan, the Bank will ensure that you are earning enough money to repay back the loan along with interest thereon.



However, if you are a senior citizen, you need not to worry about the repayment but it will be disbursed to you and your spouse in a joint account.



For details loan against property, you are advised to visit internet site of any Bank. The site for State Bank of India is:



www.sbi.co.in



All the best.There should not be any problem for getting loan against property. You have to ensure that the property if "Freehold" and no other loan is pending against the property. It registered is in your name. Approach the Bank which serves you the best - complete the formalities and loan will be disbursed. Before giving you loan, the Bank will ensure that you are earning enough money to repay back the loan along with interest thereon.



However, if you are a senior citizen, you need not to worry about the repayment but it will be disbursed to you and your spouse in a joint account.



For details loan against property, you are advised to visit internet site of any Bank. The site for State Bank of India is:



www.sbi.co.in



All the best.how old are you? it matters.