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.

Term Loan : - These are loan where the borrower pays a fixed installment towards the repayment of the loan the tenure of the loan can be 1 year to 15 years depending upon your requirement. The longer the tenure the lesser the monthly installment you have to pay.

Term loans are best for:

Debt Consolidation
Any Personal Expense Such As Vacation, Marriage or Children Education
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