A loan which is offered against any collateral mortgage property is called property mortgage loan or loan against property. Basically loan against property is any loan offered on your property like flat, plot, land etc. Almost every major Banks of India are offering loan against property, in Pune there are a lot of NBFCS offering loan against property. The Banks extensively offer these loans, as being a long period loan it offers a huge interest rate. The approval for a home loan might take 10-15 days.