A Loan Against Property is a type of mortgage loan offered to individuals, firms, and companies using their existing property as collateral.
You can tap into the value of your real estate holdings through a Loan Against Property. By using your property as security, you can borrow money and repay it over time through regular EMIs while still retaining ownership of your property.
What can a Loan Against Property be used for?
A Loan Against Property can be used for various purposes such as working capital, business expansion, consolidating debts, purchasing machinery, meeting other business needs, and more.
Take Loan against Property (LAP)
Meet your financial needs by securing a loan against your property with the bank. This option is available for both salaried and self-employed individuals.
- Low EMIs make repayments manageable.
- Immediate availability of funds when you need them.
- Fast and straightforward loan processing for your convenience.
- Quick approvals ensure you get the funds you need promptly.
- Flexible repayment tenure that suits your financial situation.
- Simple and hassle-free documentation process.
- Easily transfer your outstanding loan balance for better terms.