Suppose you need a fund for higher education for your children, marriage-related expenses or business expansion. In that case, you can use your assets as a mortgage and get a loan called Loan Against Property (LAP). With LMV Financial Services at your disposal, you can easily Apply for Mortgage Loan Online from the trusted banks in the country. LAP is a secured loan obtained by an individual using their property as collateral. Say goodbye to your financial worries by taking Loan Against Property (LAP) with us. Instead of selling your most valuable property, just put it as collateral and get the fund you want in the needy situation.
You can quickly raise money for your monetary needs with the help of LMV Financial Services. We assisted many individuals in getting the LAP from the top banks at attractive interest rates. Individuals or entities can attain Loan Against Property in India from the banks by keeping their property as collateral with the bank. The banks offer flexible loan tenure, and there is nothing to worry about the repayment. Both salaried and business personnel are eligible to apply for LAP online.
The features of Loan Against Property are discussed below:
With LMV Financial Services, you can gain a considerable loan from the lender. Depending on the value of the borrower's property, the bank decides the loan amount; the maximum loan amount could be up to Rs 5 crores. Also, borrowers can avail of this huge loan at a low-interest rate.
Loan borrowers can repay the loan in the longest time possible for up to 15 years. This also positively impacts the EMIs by reducing the amount to be paid every month.
The Loan Against Property Balance Transfer facility allows the borrowers to quickly transfer their loans from one financier to another without hassle.
Usually, if you go through LMV Financial Services, you can experience a quick loan disbursal. Also, the banks provide up to 70% of the property value as a loan.
You can avail loan against property at a very attractive interest rate that is affordable in nature.
The eligibility criteria for Loan Against Property are calculated based on the borrower's earnings and the value of the property that is kept as collateral. You can Apply for Mortgage Loan Online after checking the criteria.
The bank has simplified everything, which is the same with documentation. Whether a salaried employee or a self-employed individual, you need to submit the documents below for verification to be eligible for LAP.
Self-employed individuals need to submit a business document as proof to avail of Loan Against Property in India.
To Apply for Mortgage Loan Online through LMV Financial Services, you can fill out the form below on this page with your relevant details.
A loan against property is nothing but a secured loan that is taken by offering a property or asset as collateral. The asset could be land or a house, or something else. One can obtain LAPto fulfil various needs like education, marriage, business, medical expenses etc.
The loan against the property should not exceed 50% of the property's market value, which applies to new customers. For existing customers, the loan against property should not exceed 60% of the market value of the mortgaged property.
The maximum repayment tenure of Loan Against Property (LAP) is 15 years.
Salaried employees, self-employed individuals, and business personnel are eligible to apply for LAP to fulfil various needs.
Any asset with legal documents is eligible to be used as collateral to get a mortgage loan. The bank will thoroughly look into the documents of the property offered as a mortgage and then issue the loan accordingly.
Yes, one can avail of Loan Against Property(LAP) against entirely constructed and commercial properties without hassle.