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Loan Against Property Interest Rate

Loan Against Property interest rates depend upon several factors such as credit score, loan duration, and many more. To know more about loan against property interest rates, visit Bajaj finserv official website today. Visit:- https://www.bajajfinserv.in/loan-against-property-fees-and-interest-rates

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Loan Against Property Interest Rate

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  1. Loan Against Property Interest Rate

  2. Mortgaging your own property, especially the one which is bound to rise in the near future is a great way to meet your financial requirements. You get the funds without selling off your asset and also pay very low-interest rates compared to unsecured loans or traditional finances. Borrowing finance on your owned property would be termed as a loan against property interest rate and in India; there are leading banks and finance companies who offered loan against property on your residential as well as commercial property at substantially lower interest rates, flexible repayment options and lengthy tenure for repayments.

  3. Here are some key points that you have to consider while taking a loan against property:

  4. Interest Rate Well, since it’s a loan product the interest rate would form the crux part and the low-interest rates is possibly an important selling point for Loan Against Property Interest Rate. The interest rates amount are generally low at around 9-11% with a nominal processing fee of 1-2 on the loan. With LAP you can meet a host of purpose such as starting a business, child’s education, medical treatment, daughter or son’s marriage, constructing a villa at native, etc.

  5. Usually, LAP Varies according to your property’s market value. Most leading private finance companies and banks will finance loan value in crore as well. It is advisable to opt for LAP if your property value is high and upper limit on other loan products are providing inadequate to meet your immediate funds. Loan Amount

  6. No Tax Benefits LAP will also have a processing fee. While most banks charge up to 1% on the loan amount, Bajaj Finserv will take around 1-2% of the loan amount. Pre and post penalty, cheque delays charges are also to be kept in mind. So, it’s better to compare these charges for selecting your best deal. Processing Fee While education loan, home loan fall under tax brackets and people can avail benefits each year, under LAP you get any form of tax benefits.

  7. Since your Loan Against Property Interest Rate will be sanctioned on the basis of your property, lenders will require time to verify the property and its related documents, technical aspects, inspection before approving the loan amount. Apart from this, the lender will verify your income source to know your repaying capacity. More Processing Time

  8. GET IN TOUCH WITH US For any queries and doubts related to Loan against property you can contact us via email or phone. Our Address:- 6th Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014 To Receive information Email:- wecare@bajajfinserv.in To Receive information SMS:- 9227564444

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