Loan Against Property
Your Existing Property can help You avail of a loan at interest Rates lower than other consumer loan. avail a loan Against Property (LAP) Today and unlock the potential in your Property.
Features & Benefits
- Flexible loan eligibility for businessmen
- Loans amounts ranging from Rs. 10 lakhs to Rs. 3 crores
- Loans available against residential as well as commercial properties
- Funds all your needs such as funding existing business, debt consolidation, emergencies, education, etc
- Flexible loan offerings - EMI based loan or Overdraft facility available
- Ease of repayment through flexible loan tenure
- Flexible loan eligibility for businessmen
- Loans amounts ranging from Rs. 10 lakhs to Rs. 3 crores
- Loans available against residential as well as commercial properties
- Funds all your needs such as funding existing business, debt consolidation, emergencies, education, etc
- Flexible loan offerings - EMI based loan or Overdraft facility available
- Ease of repayment through flexible loan tenure
Disclaimers:
-
For loans: 1Conditions apply: Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets
Eligibility
Loans can be applied by individuals, either solely or jointly. Owners of the current property, in respect of which the loan is being sought, will have to be co-applicants. However, the co-applicants need not be co-owners. Specific eligibility criteria are as follows:
- For loans: 1Conditions apply: Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets
EligibilityLoans can be applied by individuals, either solely or jointly. Owners of the current property, in respect of which the loan is being sought, will have to be co-applicants. However, the co-applicants need not be co-owners. Specific eligibility criteria are as follows:
For self-employed professionals:
-
- Minimum annual income should be Rs. 1.44 lakh as per the P&L.
- Minimum 21 years of age.
- Maximum 65 years of age at the time of loan maturity.
- Firm/company should have been in operation for the last 3 years.
- Firm/company should be making cash profits for the last two years.
- Minimum annual income should be Rs. 1.44 lakh as per the P&L.
- Minimum 21 years of age.
- Maximum 65 years of age at the time of loan maturity.
- Firm/company should have been in operation for the last 3 years.
- Firm/company should be making cash profits for the last two years.
For self-employed non-professionals:
-
- Minimum annual income should be Rs. 1.44 lakh as per the P&L.
- Minimum 21 years of age.
- Maximum 65 years of age at the time of loan maturity.
- Firm/company should have been in operation for the last 3 years.
- Firm/company should be making cash profits for the last two years.
- Minimum annual income should be Rs. 1.44 lakh as per the P&L.
- Minimum 21 years of age.
- Maximum 65 years of age at the time of loan maturity.
- Firm/company should have been in operation for the last 3 years.
- Firm/company should be making cash profits for the last two years.
Comments