Loan Against Property

A Loan Against Property (LAP) transforms your immovable asset into a liquid financial resource. Ideal for personal or business needs, it offers high-value funding at affordable rates.

Enhanced Features

1. Multiple Property Types Covered

   • Loans against residential, commercial, or industrial properties.
   • Financing available for self-occupied, rented, or vacant properties.

2. Partial Disbursement
   Withdraw funds in phases, paying interest only on the disbursed amount.

3. Lease Rental Discounting (LRD)
   Avail loans by pledging future rental income from your property.

Key Benefits

1. High Loan Amounts
   Unlock up to 70-80% of your property’s market value, providing substantial liquidity.

2. Lower Interest Rates
   As a secured loan, LAP offers rates significantly lower than personal loans or credit cards.

3. Repayment Flexibility
   Prepayment options are available without hefty penalties, enabling faster loan closure.

Tips for Managing LAP

1. Choose the Right Tenure
   Balance lower EMIs with a longer tenure or higher EMIs with quicker repayment.

2. Monitor Property Valuation
   Periodically reassess your property’s market value for refinancing opportunities.

3. Diversify Fund Usage
   Utilize funds for varied needs like business expansion, children’s education, or debt consolidation.