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Loan Against Property

Loan against property is a loan where the borrower mortgages his/her property as a collateral security towards the loan. The best in its kind, (LAP) are also known as all purpose loan where one can use the funds to expand ones business purchase a property, plan a dream wedding, fund childes education and the list goes on.

Loan against property is rightly a “all purpose loan” as it has a lower rate of interest as compared to a personal or business loan, with flexibility to pay for a longer tenure upto 15years which reduces the EMI.

Lap are structured against residential & commercial properties and are funded upto a maximum of 75% of the market value of the property.

The Loan amount is authorized by a credit check of the profile of the borrower by the bank & determining his capacity to repay the loan. Now a days there are various properties of different banks where the borrowers can get a higher loan amount o compared to their income.

Terms Loan

Dropline Overdraft
Facility

Loan for Commercial
Purchase

Lease Rental
Discounting

Dropline Overdreaft Facility:- These are new generation overdraft facilities which have both the features of Term Loans & Overdraft Facility, these limits can be for a period of 10 years where the drawing power of the borrower is reduced on month on month basis. These limits do not have a yearly renewal charge but it has a one time processing fees. These are only offered to self employed or companies

DOD are best for:

	Manufactures, traders & retailers where booking capital requirement is needed for day to day transactions.
	DOD’s don’t require a charge to be made on your stocks book debts, it also not requires any quarterly or half yearly audits of the stock

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