Use your Loan Against Property amount to purchase a new home at a affordable interest rates.
Construct your home according to your need using your Loan Against Property amount.
Use your loan amount to renovate and redisgn your old home.
|ICICI Bank||10.15%*||Apply Now|
|Axis Bank||11.35%*||Apply Now|
|PNB Housing Finance||10.50%*||Apply Now|
|PNB Housing Finance||10.50%*||Apply Now|
|Standard Chartered Bank||10.10%*||Apply Now|
|DBS Bank||12.10%*||Apply Now|
|IndusInd Bank||9.50%*||Apply Now|
|Allahabad Bank||14.15%*||Apply Now|
|Yes Bank||10.50%*||Apply Now|
|Bank of India||10.65%*||Apply Now|
|HDFC Bank||9.75%*||Apply Now|
Eligibility for the loan varies from bank to bank and also depends upon the type of the loan. however, the general criteria depend upon your
Loan Against Property is one of the variants of the Personal loans and are secured loans offered by banks and financial institutions using one or more properties owned by you as collateral. Loan Against Property is also known as mortgage loan. One can avail these mortgage loans for commercial property or residential property collateral. The property is mortgaged and a fixed percentage of the prevailing market value of the property (normally between 60-70% of the value of the property) is given to the burrower as a loan. Though such a property is mortgaged with the lender, you are still allowed to continue using it for residential or commercial purposes.
Loan Against Property can be availed by any individual or corporate to fulfil their business or personal need. Loan Against Property or Loan Against Property surely proves as a dream come true by serving many purposes for having a desired lifestyle.
As they say, fantastic opportunities do not knock twice; you need to be prepared to catch the chance and use it to attain self-reliance. However, for doing this, you need good fund. This kind of loan is generally required for fulfilling individual requirements and meeting expenses for most essential things like education, marriage, health, enhancing company/business etc.
|Important Factors||Eligibility Criteria|
|Age Limit||For availing LAP, a minimum of 21 years and maximum up to 65 years age is required. However, it is to be noted here that, there are a few banks that offer loans to individuals of 18 years to 70 years of age.|
|Period||For a period of 15 years , loan can be availed and that depends upon your age. However, it is to be noted here that some banks may not offer LAP for more than 7 years or 9 years. A few selected banks offer mortgage loan for 25 years.|
|Net Monthly Income Required||For salaried persons- Minimum Rs. 40,000. For self-employed- Minimum Rs. 3 Lakh p.a..|
|Percentage of Rate of Interest with Employment Type||
Notice: Qualification conditions for self-employed could be different from that of midsize clients.
The LTV ratio differs for different type of property. For residential property, LTV ratio is observed to be highest against the commercial property.
Yes, you can apply mutually with either your life partner or your parents. Including co-candidate can expand your qualification and you can likewise benefit for a higher measure of credit as your co-candidate's salary additionally gets added to your pay and that all out is thought about for ascertaining the advance sum you will be qualified for.
Yes, you can get benefit top up on a current LAP with some conditions.
BookMyMoney provides an ideal solution to meet your financial needs with low EMIs and minimum days approval guaranteed. These days, almost all banks offer you alluring plans on-advance against property at aggressive costs utilizing most client well-disposed abilities. You can locate the LAP costs by observing rates differentiation, checking qualification, and deciding EMI. BookMyMoney encourages you during the whole credit process in the day you apply to this time you buy dispensing. You can enlist together and track your advance status over a standard premise and get the likelihood to make alluring money backs and furthermore allude and get positive viewpoints.
|Maximum APR (Annual Percentage Rate)||10.75% - 22%.|
|Fee applicable for BookMyMoney||Rs 0.|
*Terms and conditions apply. Credit at sole discretion of lender subject to rates, credit appraisal, charges, eligibility check and terms. Information shown is indicative and collected from public sources. This is a free service and no charges are payable by the borrower to BookMyMoney. The Company may receive remuneration from lenders for services provided to them. BookMyMoney is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not supposed to be an offer or solicitation or invitation to borrow or lend. The Company does not undertake any responsibility with respect to the correctness of the content, information and calculations. Information is subject to change without prior notice. By submitting your query or using any tools or calculators, you authorize BookMyMoney to share your information with lender(s), consent for such lender(s) to access your credit information report.