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Process of Applying for the Loan Against Property Online

Property Loan is a secured credit option, the property loan interest rate is comparatively lower than most credit options. However, factors like tenor, credit history, existing credits and applicants income play a vital role in deciding the property loan interest rate. Read more at https://www.bajajfinserv.in/loan-against-property

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Process of Applying for the Loan Against Property Online

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  1. PROPERTY LOAN

  2. Property is a loan given or disbursed against the mortgage of property. The loan is given as a certain percentage of the property's market value. Whether you are paying for your child’s wedding, financing overseas education or starting a business venture, a property loan can fund it all. However, the key to a financially stable life is retaining ownership of the property you have pledged.

  3. Property loan Gives Your the Opportunity such as: • High-value loans made affordable • Flexi dropline feature • Online account management • Disbursal in 4-days • Flexible tenure • Easy balance transfer facility

  4. Features of LAP Loan • One of the significant benefits of this loan is its relaxed eligibility criteria. Lenders extend these funds against simple requirements since the associated risk related to a mortgage loan is comparatively low and the funds are disbursed against collateral. • Some reputed financial institutions offer a highproperty loan amount of up to Rs.3.5 crore for self-employed individuals and Rs.1 crore for salaried individuals at an affordable interest rate. • Another borrower-friendly feature of loan against property is its flexible repayment tenor ranging between 2 and 20 years for salaried employees and up to 18 years for self-employed individuals.

  5. Factors Affecting LAP Loan • Mortgage loan interest rates : The interest levied on this credit form is compatible and easy in terms of repayment. However, theloan against property interest rates depends on a number of points like a borrower’s income, loan tenor, CIBIL score, etc. • Tenor : The tenor offered against LAP is quite flexible. Usually, salaried individuals can repay the amount within two to twenty years. For self-employed individuals, the tenor can extend up to eighteen years. • Loan amount : Individuals can avail high amounts against the LAP loan and utilise it to meet any number of financial requirements.

  6. Property Loan Calculator Calculate Your EMI in just few simple steps with property loan calculator

  7. Property Loan Eligibility - For Salaried Individuals

  8. Property Loan Eligibility- For Self Employed

  9. THANK YOU

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