Loan Against Property

What is Loan Against Property?

Loan Against Property [LAP] is a Secured Loan offered against the security of a residential / commercial property, the property could be owned by an individual or a firm. As the Property is the security intended, given by the borrower to the banker as conditional ownership over the property i.e. if the borrower fails to pay back the loan, the banker can retrieve the lent money by selling the property. In LAP the banks would want to know the "END USE" of the loan

 

Who is eligible for Loan Against Property?

A person with stable monthly income is eligible for Loan Against Property

• Salaried Person.
• Business Person with stable income & business.
• A Partnership or a Pvt. Ltd. company.
• Professionals with stable income & business.