loans against property
A loan against property(LAP) is a secured loan that is sanctioned against the asset pledged as collateral. This asset can either be owned land, a house, or any other commercial premises. The asset remains as collateral with the lender until the entire loan against the property amount is repaid.
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Loan against property
- Nationality: Indian residents, Non-resident Indians (NRI), And persons of Indian origin(PIO)
- Age Limit: 18-70 years
- Loan amount: Up to 90% of property value
- Property paper: Required
Documents required
When applying for a Loan against property you will need to submit the following documents.
- Identity proof: Passport/Pan card/Aadhaar card/Driving license
- Age proof: Passport/Pan card/Aadhaar card/Driving license/Birth certificate/10th class mark-sheet & Bank passbook.
- Residence proof: Bank passbook/Voter Id/Ration card/Passport/Utility bills((water,electricity,gas,telephone bills) & LIC policy receipt.
- Income proof: Form 16/Income tax returns (ITR) of past 3 years & Investments proofs.
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Since 1914, the New York Mutual Insurance Company has been serving policyholders protecting businesses
Very helpful fully explaining the different plans. Cash value is accessed via loans, which accrue interest and reduce cash value our valuable items.
Maria Marlin Serving the interests of our clients. Personalized support and relationships matter to us. Because we are owned by banks, we are empowered to deliver top-notch support and services able to add on additional.
Serving the interests of our clients. Personalized support and relationships matter to us. Because we are owned by banks, we are empowered to deliver top-notch support and services able to add on additional.
Serving the interests of our clients. Personalized support and relationships matter to us. Because we are owned by banks, we are empowered to deliver top-notch support and services able to add on additional.
Serving the interests of our clients. Personalized support and relationships matter to us. Because we are owned by banks, we are empowered to deliver top-notch support and services able to add on additional.
Serving the interests of our clients. Personalized support and relationships matter to us. Because we are owned by banks, we are empowered to deliver top-notch support and services able to add on additional.
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Since 1914, the New York Mutual Insurance Company has been serving policyholders – protecting businesses, mitigating losses, defending claims. Renters .
Very helpful fully explaining the different plans. Cash value is accessed via loans, which accrue interest and reduce cash value our valuable items.
Maria Marlin Retired Govt Officer, ON, Canada