What is Loan Against Property & Its Features

All Factors to Know About Property Loan

Why to choose property loan A property loan is a beneficial financial tool that is safe, secure and offers finances against the property mortgaged. In case you need funds to finance your kid’s higher education, manage your wedding expenses or develop your business, then availing a LAP scheme proves advantageous.

Loan Against Property Features

To avail funding that a traditional personal loan cannot offer, a loan against property is the ideal alternative. It is a secured loan that can be used without any restriction.

Additionally, the loan against property interest rate is lower with longer tenors in comparison to unsecured loans.

However, in order to avail the benefits of this loan, certain factors are to be considered.

The Benefits Tax exemption on LAP Hassle Free Loan Approval Loan Amount Easy Balance Transfer Facility Flexible Repayment Tenor

How to Calculator with LAP EMI Calculator?

Simply enter the following information: ● The Loan Amount ● Tenor( In Months) ● Rate Of Interest The LAP EMI calculator helps you calculate the equated monthly instalments (EMIs) you have to pay the lender each month till the loan. Use this mortgage calculator to determine your monthly payment and generate an estimated amortization schedule.

Property Loan Calculator or a LAP EMI Calculator is very easy to use.

Have Queries in Mind

Do you want to buy a branded car?

Want to get a new home? Want to expand your income by expanding your business? In life a person has so much ambition to fulfill, but one thing constantly stops you from going further in your life in the support of money, It is the financial problems which you face in your daily life. These Financial problems can be the most stressful thing which happens to you. But, don’t freak out as we have an option for you, which is the property loan.

For salaried individuals -

Latest salary slips Bank account statement for past 3 months PAN Card/ Aadhar Card Address Proof IT Returns Copy of the documents of the property

For Self Employed -

Bank account statement for past 6 months PAN Card/ Aadhar Card Address Proof Copy of the documents of the property

To fulfill the financial requirements like starting a new business, the higher education of your child, medical treatment or wedding expenses, a mortgage loan may be your most feasible option as it offers ample finances. You can avail this loan by pledging your property with a lender.

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