A Loan Against Property (LAP) is a secured, long-term loan where you pledge residential or commercial property as collateral to secure funds for business expansion, education, or medical emergencies. Lenders typically offer up to 70–80% of the property’s market value, with interest rates starting around 9%–14% p.a. and tenures extending up to 25 years, making it a cost-effective alternative to personal loans
How to Apply:
- Eligibility: Salaried individuals, self-employed professionals (doctors, etc.), and business owners (aged 25-70).
- Documents: Identity proof (PAN, Passport), residence proof (Aadhaar, Utility bill), income proof (last 3 months’ salary slips/Form 16, or 6 months’ bank statements).
- Co-applicants: Immediate family members (spouse, parents, children) can be co-applicants, and they must be co-owners
Apply for Best Loan Against Property Interest Rate: From 8.75%
Residential | Commercial | Industrial Property
Balance Transfer & Top-Up Available
Instead of taking a personal loan (which has higher interest), you use your property’s market value as security. Because it’s secured, interest rates are generally lower than unsecured loans.
8.30% – 10.50% (depends on CIBIL score, income, bank policy)
Women applicants often get 0.05% lower rate
Fixed or Floating rate options available
- Age: 21–65 years
- Stable income (Salaried / Self-employed)
- Good CIBIL score (750+)
- Minimum income depends on city & bank
Address
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GND Consultants and Advisers
Kandivali East, Mumbai
- 8928882529 , 8928882960
- info@gndfinance.com