Loan Against Property is a secured multi-purpose loan with larger tenure and lesser rate of interest. LAP is the perfect way to unfold the hidden value of your property. Any residential or commercial property owned by individual or a firm can be used as collateral for loan. The eligibility of Loan against Property is calculated on the basis of either the percentage of property value and income of applicant(s).
- LAP is available from minimum 1 year to a maximum of 15 years
- Instant liquidity, when required.
- Flexible repayment – Dropline overdraft or EMI
- Cheaper compared to Personal loan
- Can be availed by anybody (Salaried, Self-employed or Professional)