UNDERSTAND 5 ESSENTIAL TIPS TO AVAIL OF LOAN AGAINST PROPERTY

Evaluate property value: Assess the current market value of your property to determine the loan amount you can expect. Must evaluate property value before availing property value before avail lower LAP interest rates.

Clear existing debts: Pay off any outstanding loans or liabilities to improve your eligibility and increase the chances of approval.

Research lenders & compare offers: Thoroughly research different lenders, their interest rates, repayment terms, and customer reviews to select the most suitable option for your loan against property.

Prepare necessary documents: Gather all relevant documents like property papers, income proof, identity proofs, etc., to streamline the loan application process.

Maintain a good credit score: A high credit score enhances your credibility and increases the likelihood of securing a loan at favourable terms.