Loan against Property is a secured loan. If you own residential or commercial property you could utilize the value of the same by opting for a equitable mortgage loan. The property papers are taken as security for a loan at a much lesser rate than personal loan. The ownership of the property is retained by you. In case of inability to repay the loan the property could be disposed off to repay dues. Normally loan against property is taken for a long term for working capital, expansion, repay expensive personal loans etc. Loan amount could range from Rs.5 lakh to Rs.5 Cr. Loan tenure could extend upto 15 years. Eligibility depends on your income and the market value of the property.