I wish to take a business loan against property. Can someone guide me as to how to get it valued before putting it up? Do bank people usually value correctly or do I cross check from somewhere?

Also, is there an alternative.? Somebody told me I can instead sell house to my wife and she can take home loan, which will have low interest rate. But I thought bank will see through that.

Is that legal? Please help!
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  • Hii Dragoon!

    If you want to take a business loan against property you can apply for it. But in my view, you have to apply for a business loan. There are various financial institutions and NBFCs which provides loans for business purposes with lower interest rate and with loans up to Rs.50 lakhs* with approval in a short time.