LOAN AGAINST PROPERTY
Loan Against Property (LAP) allows you to borrow funds by mortgaging your residential or commercial property. It is ideal for large financial requirements.
Best For:
- Business expansion
- Education expenses
- Medical emergencies
- Marriage expenses
- Debt consolidation
Features:
- High loan amount
- Lower interest than personal loan
- Tenure up to 15–20 years
- Continue using your property
Eligibility:
- Property must be in applicant’s name
- Regular income source
- Clear property title
- Good repayment capacity
Advantages:
- Multi-purpose usage
- Affordable EMIs
- Faster processing
- Minimal documentation