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.

Lease Rental Discounting:- These are loans where the loan is given to the borrower on the basis of monthly rental received by him against the property offered o be mortgaged. Banks take an installment equivalent to 90 percent of the net of the rental received every month & give a loan for the period for which.

The lease agreement is signed. LRD’ Loans commercial properties which are based out to either multinational or any Indian renowned company or on residential properties which are leased to similar category companies for their top hierarchy’s living.

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