A loan against property is a popular way to get funds for personal or business needs by pledging your residential or commercial property as security. Since these loans are secured, they usually come with lower interest rates and longer repayment tenures compared to unsecured loans. However, managing repayments smartly is important to avoid financial stress. Here are some easy and useful financial planning tips to help you manage loan against property repayments effectively.

1. Understand Your Loan Terms Before you begin repayment, make sure you clearly understand all the terms and conditions of your loan against property. Know the interest rate, EMI amount, loan tenure, and any extra charges like prepayment or late payment penalties. This basic understanding helps you plan your monthly budget and avoid surprises later.

2. Create a Monthly Budget One of the best ways to stay on top of your repayments is to prepare a monthly budget. Include your fixed expenses like EMIs, utility bills, groceries, and rent. Allocate money for savings and emergencies too. This will ensure that you always have enough to pay your loan against property EMIs on time.