1 / 9

All to Know About LAP Loan - Meaning, Eligibility & Advantages

Among the loan facilities provided by several lenders in India, LAP or property loans are relatively popular financial products. LAP is a type of secured loan that can be availed against property, considering it as a security or collateral. Moreover, the loan amount can extend up to Rs.3.5 crore depending on the present valuation of the property.<br><br>Read more at https://www.bajajfinserv.in/loan-against-property

antilalisha
Download Presentation

All to Know About LAP Loan - Meaning, Eligibility & Advantages

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. All About Loan Against Property

  2. Loan Against Property Overview Loan against property is also known as mortgage loan in which you can keep both residential and commercial property on collateral for multiple purposes like: • Fund your child’s education abroad • For funding any medical emergency • For funding child's marriage • Funding the dream vacation • Business expansion • For funding new home construction and more It is a secured loan, as your property is kept as collateral with the bank/NBFC. The lender have the right to auction your commercial/residential property and recover the money. Such types of loans have competitive interest rate as compared to the unsecured ones and can be used for both individual or business purpose.The lender mostly provides up to 60% of the property’s value in mortgage loan. Visit here for more info https://www.bajajfinserv.in/loan-against-property-contact-details

  3. Bajaj Finserv’s Loan Against Property Eligibility Criteria For Salaried Individuals: One should be between 33 to 58 years of age. One should be a salaried employee in an MNC, a private company or the public sector. Oneshould be a resident of India. For Self-Employed Individuals: • Oneshould be between 25 to 70 years of age. • Oneshould be a self-employed individual with a regular source of income. • Oneshould be a resident of India. Visit here for more info https://www.bajajfinserv.in/loan-against-property-contact-details

  4. Bajaj Finserv’s Loan Against Property Documents Required Visit here for more info https://www.bajajfinserv.in/loan-against-property-contact-details

  5. For Self-Employed Individuals • Bank account statements of the previous 6 months • PAN Card/AadhaarCard • Address proof • Copy of the documents of the property to be mortgaged Visit here for more info https://www.bajajfinserv.in/loan-against-property-contact-details

  6. For Salaried Individuals • Latest Salary Slips • Bank account statements of the previous 3 months • PAN card/Aadhaar card • IT returns • Copy of the documents of the property to be mortgaged • Address proof Visit here for more info https://www.bajajfinserv.in/loan-against-property-contact-details

  7. What are the Benefits of LAP? • Lower interest rates • Easy to get • Long repayment tenure • Lower EMI • No prepayment charges • Simple approval process • Continuous ownership of property • Complete use of property • Multiple use flexibility Visit here for more info https://www.bajajfinserv.in/loan-against-property-contact-details

  8. What is Reverse Mortgage Loan? In such type of mortgage loan, senior or retired person don’t have to make repayments every month. They will get the loan amount on a lump sum or monthly basis to meet monthly expenses by mortgaging their property without giving up ownership. Reverse mortgage loan is a great credit option for such individuals. Visit here for more info https://www.bajajfinserv.in/loan-against-property-contact-details

  9. Thanks for Watching! Visit here for more info https://www.bajajfinserv.in/loan-against-property-contact-details

More Related