Loan Against Properties
Loan against property are secured-term-loans , secured by the mortgage of a residential or commercial property. The end-use of this loan should be towards any declared legal purpose. The various types of LAPs are as follows:
- Loan for personal /educational/business needs against existing property
- Loan for acquisition of commercial property
- Loan against future rental receivable
- Loans available from 5 lakh up to 5 crore
- Simple documentation
- Fast processing
- Easy repayment options
- Loan tenure of 12 months to 120 months for properties
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