Loan Against Property
Do you want funds readily available to you whenever you desire or need, be it a sudden vacation that you plan with your family or urgent funds required for medical treatment?
Then avail loan against time deposit without breaking your Time Deposit enjoy the Advantage:
Avail Loan up to 90% of the value of your time deposit both Demand Loan and Overdraft Facility as per your need low interest rates. Further, we charge interest on a daily reducing balance! no prepayment penalties. Bank may offer you a flexible repayment plan. You may be allowed to repay your loan in instalments or lump sum. Also, banks may allow preferred customers to borrow up to a particular limit and repay when cash is available.
- Simplified documentation
- Easy and convenient loan
- Attractive interest rates
- No hidden charges
- Quick processing
- Flexible loan repayment options based on your income
- Non-mortgage loans are also available with certain lenders
As the name suggests loan against property (LAP), is the loan that you avail by keeping your property as mortgage with the bank. The loan is given as a certain percentage of the market value of the property. Generally banks lend up to 50% to 60% of the value of the property.
The best part about Loan Against Property eligibility is that any person above 21 years of age with a valid ID proof and claim that he/she owns the gold can avail it. The documents required for loan against property might include an address proof and photographs in addition