Loan Against Property

 

Loan Against Property (LAP)

Residential, Commercial & Open plot ...

Loan Against Property [LAP] is a Secured Loan offered against the security of a residential / commercial property, the property could be owned by an individual a firm or a company. As the Property is the security intended, given by the borrower to the banker as conditional ownership over the property .

Eligibility

Salaried Income Holders

  • Employees of government and private sectors would be eligible for acquiring home loan
  • Applicants should be above 22 years of age at the time of loan commencement and up to the age of 60 or superannuation, whichever is earlier at the time of loan maturity.
  • Professional income Holders

  • Professionals like doctors, engineers, architects, chartered accountants(CA) cost accountants, company secretary(CS) etc can apply
  • Applicants above 22 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity meet our housing loan criteria.
  • Business Income Holders

  • Any business holder(proprietorship firm , partnership firm and private ltd company) who is filing income tax returns constantly can apply
  • Applicants should be above 23 years of age at the time of loan commencement and up to 65 years or less at the time of loan maturity.
  • Lease Rental Discounting (LRD):

  • Any individual house owner can apply. The lessee must however be a company as defined under the Companies Act, 1956. Funding will be done only against ready commercial property.
  • Documentation

  • Click here to download .....
  •