Why Choose a Loan Against Property?
Discover the Benefits!
A Loan Against Property (LAP) allows you to unlock the value of your property by borrowing funds against it. Here are some common reasons why people choose a LAP:
✔ Business Expansion: Use funds to grow or expand your business operations.
✔ Debt Consolidation: Pay off high-interest loans and consolidate them into one lower-interest loan.
✔ Home Renovation: Finance renovations or improvements to your existing property.
✔ Personal Expenses: Fund weddings, medical emergencies, or education needs.
✔ Investment: Use the funds to invest in new projects or purchase additional assets.
Features
• High Loan Amount: Get loans up to ₹10 Crores depending on the property’s market value.
• Low Interest Rates: Enjoy lower interest rates compared to personal or business loans.
• Flexible Repayment Tenure: Choose a repayment period of up to 15 years.
• Loan on Multiple Property Types: Avail loans on residential, commercial, or industrial properties.
• No Restrictions on Usage: Use the loan for any purpose – business or personal.
Documentation
Personal
• Passport Photo / Selfie: Recent passport-sized photograph or a clear selfie.
• Identity Proof: PAN Card & Aadhaar Card.
• Address Proof: Utility bills or Passport.
Income Proof
• For Salaried: Salary slips, Form 16, and bank statements for the last 6 months.
• For Self-Employed: Last 2-3 years’ income tax returns, audited financials, and bank statements for the last 6-12 months.
Property Documents (Before Loan Sanction)
• Title Deed: Proof of ownership of the property being mortgaged.
• Latest Property Tax Receipts: Ensuring no dues on the property.
• Encumbrance Certificate: Certifies that the property is free from any legal or monetary liabilities.
• Building Plan Approval (if applicable): Sanctioned building plan for the property.
Property Documents (After Loan Sanction)
• Registered Mortgage Deed: Legal document confirming the mortgage of the property to the bank.
• Title Deed: Original title deed handed over to the bank as collateral.
• No Objection Certificate (NOC) from Society (if applicable): Required for mortgaging a property located in a housing society.
• Legal Scrutiny: Bank conducts a legal check on the property’s title to ensure it is clear and marketable.
• Valuation Report: The bank assesses the market value of the property through an independent valuer.
• Registration and Stamping: The mortgage deed must be stamped and registered as per local laws.
Why Process Through Us?
• Priority processing with minimal paperwork and quick approvals.
• Expert guidance to get the best mortgage loan offers from leading banks.
• Transparent process with no hidden charges, acting as your trusted advisor throughout.
Ready to Apply?
Unlock the value of your property today with a Loan Against Property. Our dedicated team is here to guide you through every step!
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