Loan against property or commonly known as LAP is considered to be multipurpose loan. Loan against property as the name suggests enables you take loan from the banks while pledging your commercial or residential property.
This a secured type of loan. In this you put your property as a security for the repayment of loan. The loan sanctioned depend upon the value of your property. It usually ranges from 40 percent to 60 percent of the total property value. The best point in obtaining this loan is that you can use this for business purpose as well as for funding your personal needs like education , marriage or buying a home.
This loan can be obtained by salaried individuals, partnership firms or private companies. In order to find best loan against property in India one should do a thorough research as different money lenders provide loans at different rates of interest and tenure of loan. Loan requires simple documentation some legal formalities and duly filled application form. Normally the loan sanctioned is between 2 lacs to 10 crores. Documents like identity proof, resident address proof, age proof and bank statement for past three months is required.
Loan against property is one of the best options available with the people to fulfill their financial needs. It can obtained online also which is quiet beneficial for the loan seekers as it saves time and resources. To Know more visit http://www.metconfinance.com
This a secured type of loan. In this you put your property as a security for the repayment of loan. The loan sanctioned depend upon the value of your property. It usually ranges from 40 percent to 60 percent of the total property value. The best point in obtaining this loan is that you can use this for business purpose as well as for funding your personal needs like education , marriage or buying a home.
This loan can be obtained by salaried individuals, partnership firms or private companies. In order to find best loan against property in India one should do a thorough research as different money lenders provide loans at different rates of interest and tenure of loan. Loan requires simple documentation some legal formalities and duly filled application form. Normally the loan sanctioned is between 2 lacs to 10 crores. Documents like identity proof, resident address proof, age proof and bank statement for past three months is required.
Loan against property is one of the best options available with the people to fulfill their financial needs. It can obtained online also which is quiet beneficial for the loan seekers as it saves time and resources. To Know more visit http://www.metconfinance.com
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