Loan against property will be in the names of joint holders

My sister wants to start a business and needs some money. Can she take a loan against a property (LAP) jointly held by me and does she need to show the end use of the loan?

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Yes, a LAP is possible in a jointly held property. However, please note that the loan availability will also be in the joint name. In the case of a LAP, the end use of funds is not verified by the bank.

I checked my credit score six months ago and it is around 800. Now I want to take a home renovation loan. How can I negotiate with the bank for a lower interest rate?

Yes, a borrower with a high score is usually well placed to negotiate for a better rate in future loans.