Avail Loan Against Property for Business & Personal Need

Competitive interest rates

Flexible loan terms

Higher loan amount based on property valuation

Transparent process with minimal loan processing fees

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What is a Loan Against Property?

Loan Against Property (LAP) is one of the popular loan types available on easy terms. It is a secured loan where an applicant has to mortgage his/her property to raise the loan. LAP is offered to both salaried individuals and businessmen. The amount of loan that can be availed depends on the market value of the property to be mortgaged and some other factors. The good thing about the loan is that it can be availed at a lower rate of interest. You can apply for a loan against property online even through InvestKraft, the secured online platform in India. Read More

Applying for a LAP is easy, and free from hassle. In comparison to the unsecured personal loan or business loan, the Loan Against Property can be a better option for all. The fast processing, minimal documentation, and the digital process involved makes the loan disbursal speedy.

For working professionals and entrepreneurs, LAP can be a good source for loans. If you are a founder in your start-up and feel the need for an emergency fund, you can think of LAP. it can be availed of from banks and NBFCs. You are free to take your independent decision and meet your need for emergency capital. A salaried person can use LAP for raising funds if they come across an unexpected medical emergency. He or she is allowed to use the raised loan to fund educational expenses of a studying child and for many other purposes.

Keep in mind that you can keep your residential or commercial property as collateral. As a part of the process, the lender will get your property assessed and let you know if you are eligible for the sum requested. One of the considerable advantages is that your property will be evaluated based on the current market value and the prospective future value. You can also seek expert advice for a smart decision. So whenever you wish to apply for a loan against property online, choose InvestKraft , your trusted partner for all types of loans..

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Rate of interest (p.a)

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Loan tenure

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30 yrs

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Features and Benefits of LAP Through InvestKraft

There are numerous benefits and features of availing a Loan Against Property through InvestKraft. Have a look at the few benefits below:

Higher loan Amount

Be rest assured about getting a higher loan amount against your property as compared to other lenders.

Lower Interest Rates

Interest rates on a Loan Against Property (LAP) are extremely competitive which means lesser burden on you.

Quick Disbursal

Due to the fast loan processing, you can expect loan approval in less than 72 hours.

Digital application

Now apply for a Loan Against Property anytime, anywhere with our 100% digital loan application process.

No foreclosure penalty

Individual borrowers who choose variable interest rates have the option to partially or fully payback their loans without incurring additional fees or penalties.

Start Your Loan Application Now!

Eligibility for Loan Against Property

For Salaried Person:

The applicant should have completed the minimum age 21 years or above at the time of loan application but should be below 65 years at the time of loan retirement.
He/she should have income proof, address proof, and valid PAN card.
For a quick approval, a CIBIL Score of 700 or higher is recommended.

For Businessmen:

The applicants need to have a proof of income which is above INR 1.8 LPA. They also need to furnish profits of the past two years of business and a record of the business of at least three years.
Property Ownership Proof, Income Statements, Financial Statements (P&L, Tax Returns), Identity Proof, Credit History, Financial standing, and Property value.
Additional property documents (valuation, legal status)

For Self Employed Individuals:

The applicant should possess a graduate degree if the applicant is engaged in a private limited company or a partnership. This won’t be needed if he or she works in a public limited company.
The person should have a monthly income of more than INR 40,000 per month and he must be working for the last 2-3 years.
The applicant should be at least 18 years or above at the time of application but under 60 years at loan retirement.
Sanction of the loan is at the discretion of the lender.

Documentation for Loan Against Property

For Salaried People

Latest salary slips
Bank account statements of the previous 3 months
PAN card/ Form 60 of all applicants
ID proof
Address proof
Document of the property to be mortgaged
IT returns
Title documents

For Self-employed Individuals

Primary bank account statements of the previous 6 months
PAN card/ Form 60 of all loan applications
Address proof
ID proof
Income documents like ITR/ financial statements, etc.
Documents of the property to be mortgaged
Title documents

Note: There may be a need for additional documents depending on a specific case or the lender.

Interest Rate & Charges

Any individual who owns one or more property that can be mortgaged can apply for Loan Against Property online or at a physical bank branch. For a lender, the property acts as an asset and a security against the money lent as a loan. Nevertheless, in addition to paying the principal and interest rate in full at the time of repayment, the borrower could also have to pay other expenses. These extra expenses often cover the services rendered by your lender, the loan's contract violation, fines, or agreement fees.

Particulars	Loans Against Property (LAP)
Interest Rates	Loans against property in a city like Delhi are available at interest rates starting as low as 8.75% per annum.
Repayment tenure	The repayment tenure is of up to 20 years.
Loan Amount	All eligible borrowers can secure up to 70% of their property's market value.
Processing Fee	Lenders generally charge a nonrefundable processing fee ranging from 0.5% to 2% of the loan amount to evaluate and process applications, regardless of approval.

Is Your Property Lying Idle? Make Your Property Work For You

Now Apply Loan Against Property in 3 Easy Steps

Here is an easy way to secure a loan against an idle property.

Get Started

1Check Eligibility

Use our LAP Eligibility Calculator to Check Your Eligibility.

2 Submit the Docs

Next, Submit the Required Documents Online and Click Submit

3 Submit Application

Verify the Submitted Information and Click on Submit for Further Processing.

Frequently asked questions

To avail of a Loan Against Property, the title of the property should be clear, litigation free, and should not have any running loan or mortgage.

Loan Against Property through InvestKraft comes with the below benefits:

Easy repayment terms
Tax savings
Attractive interest rates
Fast approval

Collaterals can include privately owned homes, commercial real estate (offices, stores, etc.), and alternative property (hotels, industrial property, residential plots, schools, and hospitals).

We work with you to ensure you have the finances you desire, whether you need them to satisfy personal obligations or to build your business. These are a few applications for loans secured by property:

Individual needs
Arrange working capital
Investments in property renovation
Asset purchase
Debt consolidation
Foreclosure buyout
Self-financed property refinancing

InvestKraft is a fast growing, secure, and dependable aggregator providing solutions to loans, insurance, fixed deposits, credit cards and more products & services under a single roof.

Avail Loan Against Property for Business & Personal Need

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What is a Loan Against Property?

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