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How Can LAP Help You Survive These Tough Times?

In case of an emergency, taking a loan against property is a lucrative option. Hereu2019s how LAP can help you tide over challenging times.

HeroFinCorp
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How Can LAP Help You Survive These Tough Times?

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  1. How Can LAP Help You Survive These Tough Times?

  2. In Case Of An Emergency, Taking A Loan Against Property Is A Lucrative Option. Here’s How LAP Can Help You Tide Over Challenging Times.

  3. Meet Multiple Needs You Can Take LAP For Funding Various Purposes Including Business Operations, Large Medical And Household Costs, And Child’s Education Expenses Among Others.

  4. Long Tenure Reduces Emis Since The Loan Is Taken Against A Collateral, Interest Rates Are Usually Affordable, Which Makes It Easier For You To Pay Emis.

  5. Get Large Loan Amount Based On The Valuation Of The Land Or Property Or Asset That You Pledge As Collateral, The Loan Amount Can Be Quite Large, If Compared To Personal Loans.

  6. Mental Peace Even Though You Are Offering A Land Or Property As Collateral For The LAP, You Will Continue To Own It During The Repayment Period.

  7. No Need To Sell Asset Taking A Loan Against Property Also Means That You Will Not Have To Sell Any Land, Property Or Other Asset, To Get The Money You Need. Hence, Mental Stress Will Be Reduced.

  8. Easy Process It Can Be Tough To Venture Outside During A Pandemic Or If You Are Caught Up At Home, To Apply For A LAP.

  9. Things To Note

  10. Eligibility Criteria Only Those Between The Ages Of 25 And 55 Years Can Apply For Loan. Both Salaried And Self-employed Individuals Will Need To Have Spent A Minimum Time In Their Present Job Or Business.

  11. Documents You Need To Provide Identity, Address And Income Proofs, Property-related Documents And Passport-size Photographs. Business Owners Can Give Registration Certificates And Income Tax Returns.

  12. Loan Amount You Cannot Apply For A Loan Amount That Is Greater Than The Property’s Value.

  13. Research And Compare Do Thorough Research And Compare Loan Features, Interest Rates, Tenures And Fees. Also, Read Terms And Conditions Of Every Lender Carefully Before Deciding To Go With One.

  14. Loan Disbursal Disbursing A Loan Can Take Time As The Lender Will Crosscheck All Documents Before Approving. So, Have Some Funds With You Till You Get The Loan Amount.

  15. A loan against property can be a boon during challenging times, as you can simply pledge an idle asset as collateral and get the funds you need to survive and rebuild your future.

  16. Thank You !Would Love to Hear From You Hero FinCorp Limited 09, BasantLok, Vasant Vihar, New Delhi - 110057 Tel. 18001024145 Email Id: corporate.care@herofincorp.com Website: https://www.herofincorp.com/ Know more- How Can LAP Help You Survive These Tough Times?

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