A property loan, popularly known as a Loan Against Property (LAP), is a common loan availed by individuals to address their immediate financial needs. The needs could be related to anything from weddings, education, business, etc. We are a trusted lender of LAP loans and have a history of disbursing personalized loans to many customers. We help you avail a LAP loan at the lowest interest rate possible.
In this type of loan, you must offer your property as collateral. Depending on the value of the collateral, we decide the loan amount to be disbursed. As you provide security for the loan, the interest rates for this loan will be comparatively low. We offer 70% of the property value as a loan to the borrowers under this loan type.
Eligibility is also a matter of concern when availing of a loan. We offer property loans for both paid employees and self-employed people. However, we ask for the pay slips in case of paid employees and income proof in case of self-employed for assurance. We also consider your credit score and your credit history before processing the loan. You can reach us with your property details to request a quote immediately.