Loan against Property
A Residential Loan Against Property (LAP) is a type of secured loan where a borrower pledges residential property, such as a house or apartment, as collateral to obtain funds. This loan can be used for various purposes, including business expansion, debt consolidation, or personal needs. The loan amount is typically a percentage of the property's market value, and the borrower continues to own the property but risks losing it if the loan is not repaid.
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Competitive Interest Rates:
Start at 9.35% for affordability.
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Extended Repayment Tenures:
Up to 15 years for manageable EMIs.
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Wide Loan Amount Range:
₹ 5 lakhs to ₹ 30 crores for diverse needs.
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Tax Benefits:
Potential deductions on interest payments for financial optimization.
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