LOAn againest property

Overview !

Loan against Property is a secured loan. If you own residential or commercial property you could utilize the value of the same by opting for a equitable mortgage loan. The property papers are taken as security for a loan at a much lesser rate than personal loan. The ownership of the property is retained by you. In case of inability to repay the loan the property could be disposed off to repay dues.
Normally loan against property is taken for a long term for working capital, expansion, repay expensive personal loans etc. You could also opt for an overdraft facility, which is renewed ever year.
Loan amount could range from Rs.5 lakh to Rs.5 Cr.
Loan tenor could extend upto 15 years .

All Purpose Loan
One can use this loan for a variety of purposes, like funding existing business,
debt consolidation, emergencies, education etc.
Loans against residential & commercial properties ranging from Rs.10 lakh to Rs.3 crores.
It is an ideal product for debt consolidation.
Flexible process.LAP can be availed on either self owned or family owned property.
Attractive Interest Rates.
Easy repayment through EMI's or overdraft facility.
Loans to Salaried and Self Employed.
Fast Process.


  • This criteria varies from one bank to another. Some of the common factors are:
  • AGE
    Minimum age required is 21 yrs for salaried and 23 years for self-employed.
    Maximum years is 50 years for salaried and 65 years for self-employed.
    Minimum income should be Rs.20000/- per month.
    Loans can be applied by individuals, either solely or jointly.
    Owners of the current property, in respect of which the loan is being sought,
    will have to be co-applicants. However, the co-applicants need not be co-owner
    Individual financers have there own geo limitations. Generally most of the
    banks prefer the property to be located within City Limits.
    LAP is available from minimum 1 year to a maximum of 15 years.



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