Loan Against Property

LOAN AGAINST PROPERTY

Loan Against Property is a secured loan product that can be offered to both salaried individuals and all self-employed customers. The funding is based on two criteria’s, legitimate property and appropriate financials. This funding can be made available against residential, commercial, industrial and warehouse.

Some of the benefits of a Loan Against Property

Long repayment tenure: LAP or Loan Against Property has a long repayment tenure 1 to 15 years depending up customer need.

Lower interest rates: As compared to other unsecured products like Business loan, Personal Loan. Rate of interest is much lower.

Lower EMIs: The longer the tenure, the lower the EMI. Since the tenure of the Loan Against Property is longer, the EMIs also gets reduced. Thus, bringing down the burden of the loan.

Easy to avail: You can easily avail LAP as it is a secured loan type and banks are willing to provide the credit. If you have a property, you can mortgage it with a reputed bank to get loan for any business or personal need.