Loan Against Property

Loan Against Property (LAP) 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 various purposes like expanding a business, funding children’s education, meeting medical expenses, and more. The maximum loan amount provided under LAP can go up to 70% of the property value.  Along with being cost-effective, loans against property are reasonably convenient to avail and repay due to the relatively low mortgage interest rate.

  • Secured Loan
  • Interest rate starting from 9.50%
  • Maximum tenure up to 20 years
  • Maximum loan amount up to 10 crore
  • Quick approval and hassle free Processing
  • Flexible repayment options

Documents Required :-

Salaried Individuals

Self Employed

Duly signed application form with photograph(s)

Duly signed application form with photograph(s)

Identity proof, address proof and age proof

Identity proof, address proof and age proof

Salary slips of last 3 months

Financial statements, including balance sheet, profit and loss account statements

Bank statements

Bank statements

Latest Form-16 and Income Tax Return (ITR) details

Income Tax Return (ITR) details of last 3 years

Title documents of property

Title documents of property

Proof of total work experience

Business existence proof

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