Loan Against Property

A loan against property (LAP) is exactly what the name implies a loan given or disbursed against the mortgage of property. Loan against property belongs to the secured loan category where the borrower gives a guarantee by using his property as security.

Let your property be a shelter to your dreams. Loan Against Property is a multi-purpose loan that can be used for your business or personal needs like Children’s Education, Medical Emergencies, Wedding Expenses, Home Renovation, Starting a Business. Access the funds at your disposal as you wish. Make your dreams come true. Use this loan at a reasonable rate and repay it comfortably up to 10 years.

Heed Securities is an Authorized Direct Selling Agents of various National, Multinational and Non Banking Financial Companies for promoting their sales for asset division.

Compare Loan Against Property Interest Rates in Delhi NCR

To help its customers get the best interest rates on loan against property loanmoney has consolidated all the information regarding the current rate of interest for all the banks at one place. Please keep visiting this section to check updated rate of interest for loan against properties. Apply for Loan Against Property Now

Loan Against Property Eligibility Criteria in Delhi NCR

A loan against property (LAP) is a good alternative if you need capital. Your property must have no outstanding ownership dispute associated with it and should not be mortgaged. If you can make repayments from your earnings.There are various eligibility criteria that you will need to meet to be able to get a loan against property.

Loan Against Property Must Read

Loan against Property refers to the secured loan category like home loan where the borrower gives a guarantee by using his property as a security. The right of ownership of the property is still with the borrower, and if he/she is unable to repay the loan amount, he/she can sell the property to pay off the debts.

Advantages of taking a Loan Against Property

• Cheaper than Personal Loans: It works out to be much cheaper than a personal loans , which is usually issued at interest rates in the region of 16 per cent-21 per cent.
• Longer Loan Tenure: The tenure for a Loan Against Property is usually longer than that for a personal loan. Generally, LAP is given for a maximum tenure of 10 years.
• Lower EMI: Since the rate of interest is lower, many times, LAP Equated Monthly Installments (EMI) turn out to be cheaper than those under personal loans.
• Simple documentation and Fast Approvals: LAP being a secured Loan has comparatively faster approvals and minimal documentation.

Loan Against Property can be taken for the following purposes

• Expanding your business.
• Get your child married.
• Send your child for higher studies.
• Fund your dream vacation.
• Fund Medical Treatments.

In nutshell, Loan Against Property is a secured multi-purpose loan with larger tenor and lesser rate of interest.