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Loan against property (LAP) can be avail by anyone for your personal or business needs. Both residential and commercial properties can be mortgaged for availing a loan against property. Banks and financial institutes provide loans at attractive interest rates. A loan against property is a simple solution to your financial needs. Lenders provide loans to anyone who owns any piece of land and uses collateral as security for loans.
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Loan Against Property Land Loan against property (LAP) can be avail by anyone for your personal or business needs. Both residential and commercial properties can be mortgaged for availing a loan against property. Banks and financial institutes provide loans at attractive interest rates. A loan against property is a simple solution to your financial needs. Lenders provide loans to anyone who owns any piece of land and uses collateral as security for loans. To get a smooth & hassle-free loan against property to both salaried and self-employed individuals, you can apply online for the loan. Nowadays, most lenders are providing their services online. The interest rate of loan against land property is 11.10%, it may vary from lender to lender. Generally, Loan Against Property Eligibility Criteria depends on numerous factors like age of the individual, monthly salary or business income, total work experience & CIBIL (Credit Information Bureau India Limited) Score, etc. The required criteria are mostly common; some lenders may ask for some other condition for eligibility.
Features of the loan against property • Loan against land property or commercial properties for: Business Needs; Marriage, medical expenses, and other personal needs. • You can transfer your outstanding loan availed from another Bank / Financial Institution • You may pay your payments for the loan over a maximum term of 15 years. • Smaller EMIs (Equated Monthly Installment) • Attractive interest rates • Easy and hassle-free documentation • Simple repayments through monthly instalments