Loan Against Property

We are a trusted Loan Against Property Services provider in Maharashtra, India. To bridge any financial need such as business expansion, or meet a personal requirement for example education for a son, daughter, self or spouse and many more, our LAP Service is an easy and economical way to do so. The Mortgage Loan that we render can be paid comfortably for over 15 years or longer. We offer it for both salaried and self-employed persons and against commercial as well as, residential property. And the best part is that only the papers are assured to the bank for raising capital. You are going to get it back intact, if the loan is paid within or on the promised time.

The Interest Rate : Loan against property is a most cost-effective loan product compared to others, mainly because you are offering collateral in the form of land. Loans issued against shares and jewellery are also costlier.
The Eligibility : LAP is a sensible route to take if you have some immediate fund requirement. The only condition is that the property you are pledging to the bank must have a clear title (in your name), the ownership is non-disputed and it must not be pre-mortgaged to another bank.
How to Apply : LAP for business purposes is usually availed by small and medium-scale manufacturers or traders to meet working capital needs and these products are offered by banks (national and multinational) and NBFCs. The banks rates of interest would always by lower than that charged by NBFCs. These business loans against property are generally taken for the purpose of working capital needs of the business. LAP can also be taken to meet capital expenditures such as plant construction or acquisition of new machinery. Sometimes, it's also used to retire a more expensive loan.
Equated Monthly Instalment : LAP for business purposes is usually availed by small and medium-scale manufacturers or traders to meet working capital needs and these products are offered by banks (national and multinational) and NBFCs. The banks rates of interest would always by lower than that charged by NBFCs. These business loans against property are generally taken for the purpose of working capital needs of the business. LAP can also be taken to meet capital expenditures such as plant construction or acquisition of new machinery. Sometimes, it's also used to retire a more expensive loan.
The List of Documents : The documents required while applying for loan against property are similar to those for Home Loans except for the bank's instance that the property be registered in the borrower's name. The lender may also ask for a declaration that the property has a clear title and is free of all litigations. Finally, the bank would need a third party valuation of your property.
The Sanctioning Process : Takes near about the same time as a Home Loan disbursement.