In recent years, many homeowners are turning to loans against property as a smart way to secure financing. This type of loan offers several advantages that make it an attractive option. Here are four key reasons why loans against property have become so popular.

1. Lower Interest Rates

One of the biggest reasons homeowners choose loans against property is because of the attractive loans against property interest rate. Compared to personal loans and credit cards, the interest rate on a loan against property is significantly lower.