Loan Against Property Services in Rajendra Place, Delhi

Loan Against Property (LAP) or mortgage loan is a type of secured loan offered by banks and Housing Finance Companies (HFCs) against commercial or residential property owned by the borrower. The amount, which is availed by keeping the property as collateral till the loan is fully repaid, can be used by the borrower for various purposes like expanding a business, funding children’s education, meeting medical expenses, and more. The maximum loan amount provided under LAP can go up to 70% of the property value. Along with being cost-effective, loans against property are reasonably convenient to avail and repay due to the relatively low mortgage interest rate.

Overview : Loan is granted on residential/ commercial property Take-over of existing loan is possible. Margin of 40% is maintained against residential property and 50% against commercial property. The loan is granted for a maximum period of 15 years The property is secured as a mortgage with the bank financing the loan The loan attracts a processing fee, which is a certain % of the sanctioned amount. There are also prepayment charges in case the loan is repaid before the stipulated tenor. The EMI recovered month on month is apportioned to the interest and then to the principal.   Eligibility : Loans are granted to resident Indians The applicant's age should be minimum 21 years Any self employed professionals/businessmen, Individuals, can apply. Income proof to be submitted, to prove repayment capacity Credit history should not show any adverse remarks like suit filed/ write-off etc on both loans and cards. Minimum of three years in business, with atleast 2 years in same line of business is necessary. The business should be in profits and this determines your loan amount eligibility.   Documentation : Application form duly signed with photograph Identity, age, and address proof Bank statement for the last 6 months Processing fee cheque Proof of business continuation Company profile Proof of qualification and business existence proof Last 3 years IT returns with computation of tax Last 3 years CA certified, audited financials (Balance-sheet & P&L) Post sanction documentation by the bank/FI   More About Information of Loan Against Property : A loan against property (LAP) is exactly what the name implies - a loan given or disbursed against the mortgage of property. The loan is given as a certain percentage of the property's market value, usually around 40 percent to 60 percent. Loan against property belongs to the secured loan category where the borrower gives a guarantee by using his property as security.What purposes can I take a loan against property for?Loan against Property can be taken for following purposes : Expanding your business Getting your son/daughter married Sending your son/daughter for higher studies abroad Funding your dream vacation Funding medical treatments.

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We are engaged in offering Loan Against Property Services in Delhi, Gurgaon, Noida, Faridabad & Ghaziabad. Loan Against Property On Residential Property : We coordinate loan against property on all approved properties. Loan Against Property can be taken against residential property which has sanctioned map. We also coordinate Loan Against Property on residential properties situated in approved colonies, which do not have sanction plan. You can also plan to take Loan Against Property for residential plot. The maximum loan under this scheme can be up-to 65% -70% of the market value of the property. Loan Against Property On Commercial Property : You can also choose to take Loan Against Property on commercial property (Shop, Office, Showroom etc). While providing loan against property on commercial property, Bank verifies the type of commercial property, its usage and occupancy.  You can choose to take Loan Against Property on self occupied property or you can also take Loan Against Property on leased commercial property where rent can be directly escrowed to bank EMI. The maximum loan under this scheme can be up-to 60% of the market value of the property.We are a notable name when it comes to Loan Against Property Services. Avail expert Loan Against Property Services from our company.

We help our valued clients to secure Loan Against Property on the most easy terms and conditions. Loan Against Property can be secured on existing residential, commercial or industrial property though us. Through our expertise in the property market and know how of the current market rates we help our clients get the best value for their property. Some distinct feature of our Loan Against Property service are: Loan up to 70% of Property ValueLoan against Residential / Commercial / Industrial PropertyRepayment Tenure Up –to 15 YearsLoan Amount – No limitAlso provide DROP LINE OD

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