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Loan Against Property

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About Loan Against Property

A loan against property (LAP) is a secured loan where you pledge your property as collateral in exchange for funds. This type of loan can be used for various purposes such as business expansion, education, or medical expenses. It offers several benefits, including lower interest rates compared to unsecured loans and larger loan amounts, as the property acts as security.

With flexible repayment terms and the possibility of borrowing a large sum, LAP can be an attractive option for individuals or businesses that need funds but have valuable property to leverage. It also helps in maintaining business continuity and boosting growth by unlocking the value of idle properties.

  • Provides Access to Large Loan Amounts
  • Lower Interest Compared to Unsecured Loans
  • Flexible Repayment Terms
  • Can Be Used for Personal or Business Needs
  • Uses Your Property as Collateral
  • Helps in Debt Consolidation
  • Enhances Cash Flow for Business Operations
  • Strengthens Credit Profile

Top Benefits of Taking a Loan Against Property

Loan Against Property is a powerful financial tool that allows you to unlock the value of your owned property to meet various funding needs, both personal and professional.

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Large Loan Amounts

Get higher loan amounts based on the market value of your property, ideal for major financial needs.



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Lower Interest Rates

Enjoy competitive interest rates due to the secured nature of the loan, making it affordable over time.



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Flexible Tenure

Repayment tenures ranging from 5 to 20 years help you manage EMIs without straining your budget.



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Use for Multiple Purposes

Funds can be used for business expansion, education, wedding, medical expenses, or debt consolidation.

Loan Against Property Eligibility

Individuals including salaried employees, self-employed professionals, and business owners with a residential or commercial property can apply for a Loan Against Property.

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Age

Applicant should be between 21 and 65 years of age at the time of loan maturity.

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Income

Stable income source is mandatory. Minimum monthly income may vary based on the lender’s policy.

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Credit Score

Applicant should have a good credit history and a minimum credit score as required by the lending institution.

Frequently Asked Questions

What is a Loan Against Property (LAP)?

A Loan Against Property (LAP) is a secured loan where you pledge your residential, commercial, or industrial property as collateral to raise funds for personal or business needs. Rupee Bridge helps you get LAP at competitive interest rates and flexible tenures.

Interest rates for Loan Against Property start from 9% per annum for salaried individuals and may vary slightly for self-employed applicants. The final rate depends on your profile, income, credit score, and loan amount.

You can choose a flexible repayment tenure of up to 15 to 20 years. A longer tenure results in lower monthly EMIs, making it suitable for large loan amounts.

Yes, but all co-owners must be co-applicants in the loan. Their income and consent are essential for loan approval.

Yes. You retain ownership of the property, but the lender holds it as collateral through a registered mortgage. Ownership is unaffected unless you default on the loan.

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