Loan Against Property
Let us help you avail of a Loan Against Property Loan (LAP):
Loan Against Property or mortgage loan is a type of secured loan offered by banks and Housing Finance Companies (HFCs) against commercial or residential property owned by the borrower. The amount, which is availed by keeping the property as collateral till the loan is fully repaid, can be used by the borrower for expanding a business or for end use.
A dream come true! An ALL PURPOSE LOAN for many thing that life throws up at you!! Do you need funds meeting expenditure on education, marriage, healthcare etc. A simple undertaking in the application itself and no documentary evidence for end use of the fund to be insisted upon. Employees, professionals and Self employed individuals who are IT assesses and NRIs who own residential property or commercial property in his/her own name or in the name of spouse/children/parent/sibling
- Complete transparency in operations
- Personal loan to individual owners of residential home/flat and select commercial properties
- Access this loan from wide range of Banks & NBFC's
- Interest rates are levied on a daily reducing balance method
- Lowest processing charges.
- Rental income in select cases also considered for loan eligibility.
- No prepayment penalties. You can have surplus funds at any time thereby conveniently reducing your loan liability and interest burden.
Benefits of a Loan Against Property
- Cost effective loans
- Easy to Secure
- Longer repayment terms than most other loans.
Loan Amount, Terms and Repayment Period
- Loan of up to 70% of the value of your property.
- Interest rates starting from 9.5%
- Loan repayment period of up to 20 years.