What type of property can I leverage for a loan against property?
You can mortgage both personal and commercial property to avail a loan against property. The property much be free from any charge. no other existing loan should be against the property.
Loan against property

jointly owned; can I still take a loan against property?
Yes, it is possible to take a loan against property in case of multiple owners as long as all co-owners apply as co-applicants to the loan.
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