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EVERYTHING YOU NEED TO KNOW ABOUT LOAN AGAINST PROPERTY

A loan that you take against a property that you own, is defined as a u2018LAPu2019 in Indiau2019s finance world.

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EVERYTHING YOU NEED TO KNOW ABOUT LOAN AGAINST PROPERTY

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  1. PROPERTY LOAN EVERYTHING YOU NEED TO KNOW ABOUT LOAN AGAINST PROPERTY

  2. What is Loan Against Property (LAP)? A loan that you take against a property that you own, is defined as a ‘LAP’ in India’s finance world. Owing to the comparatively longer tenure and lower interest rates, it has emerged as a popular form of long-term loan, especially among the self-employed in India.

  3. How to Take Loan on Your Property? A LAP could be taken against residential, industrial and commercial properties. In case of residential property, it could be a rented out property or a self-occupied property, including apartments, flats, individual homes, etc. Commercial property includes office buildings, shops, malls, complexes, etc. Through this presentation you will have everything you need to know about Loan against property.

  4. How Much Loan You Can Get Against Property? Banks only offer a certain percentage of your property’s market value as LAP. Depending on the bank from where you are taking the mortgage, the LAP amount could vary between 90% and 70% of the property’s market value. Most lenders keep a 70:30 loan-to-value ratio.

  5. Apply for Loan Against Property Check for Property Loan and Apply at Bajaj Finserv with the necessary documents handy to get disbursal within 72 hours after loan approval.

  6. Get in Touch THANKS FOR WATCHING

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