Loan against property (LAP), are basically the loans provided by banks against the security of one’s own property. It is designed to meet the financial needs of someone who already owns a house or multiple properties so as to get the
best out of their assets. Lenders usually sanction a mortgage loan between 50% and 70% of the property’s market value, which is easily repayable in EMIs stretching up to 20 years.
Features of LAP:
Quantum Of Loan goes High Depending On The Value Of Property.
Like personal loan, LAP can be used for both personal and business purposes other than any speculative use.
The tenure of loan against property usually extends till 20 years, giving you the advantage of lower EMIs and greater flexibility of repayment.
Interest paid for the LAP provides tax benefits under Section 37 (1) of the Income Tax Act, 1961.
Increases the Future Borrowing Capacity along with Property Appreciation.
WHAT WE CAN OFFER
Quick and Easy Loan Processing with Speedy Approvals.
Easy process of Balance Transferring.
Enjoy Flexible Tenure.
Simple and Hassle Free Documentation at your doorstep.
Enjoy lower rate of interest as compared to unsecured business loans or personal loans.
Free expert guidance & advice from our dedicated team of consultants.
