Need of money can arise in our life at any time and at any situation and this is quite obvious that the required money may not with us. But, as a citizen of a country like India, money can't be a barrier while fulfilling those needs. Because, there are hundreds of banks and other financial organisations in the country who offer loans with highly flexible terms and conditions. Among all the types of loans available in India, it has been noticed that one of the highly demanded types of loan is the loan against property . This is simply a loan under which you have to pledge your property which is normally a residential house to the lender. Here it must be mentioned that the house should be in your name. If you are staying in a corporate apartment then also you can avail the advantage of this kind of loan by pledging the documents of your flat with a 'No objection certificate' of the co-operative society. As the loan against property is an 'all purpose loan', you can avail this for any purpose of yours, like for meeting some of your personal desires, paying medical bills, meeting urgent financial needs, visit to a dream holiday destination with your family and so on. As this type of loan is secured in its basic nature, the banks do charge a comparatively lower rate of interest for this loan. When it comes to the discussion of loan against property in India, the names that easily come to the mind are the State Bank of India, ICICI bank, HDFC bank, Kotak Mahindra and so on. Taking loan from these banks is absolutely hassles-free and you will get the advantage of affordable interest rates and you can always expect flexible terms and conditions from these banks . So, finally it must be said that if you really have a requirement of urgent money and living in your own house then nothing but a loan against property would be the best option for you.