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    Loan Against Property(LAP)

    Home Loan Against Property(LAP)

    Loan Against Property(LAP)

    A loan against property (LAP) is a secured loan that is granted against a collateralized asset. This asset could be land, a house, or any other commercial property. The asset is held as collateral by the lender until the entire loan against the property is repaid.

    You require funds to run a business or for any other reason. If you are hesitant to borrow from friends or family, you can always take out a loan against property (LAP). If you own real estate, you can use it as collateral for a secured loan. This is how an LAP operates.

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    Loan Against Property (LAP)

    A loan against property (LAP) is a secured loan that is granted against a collateralized asset. This asset could be land, a house, or any other commercial property. The asset is held as collateral by the lender until the entire loan against the property is repaid.

    You require funds to run a business or for any other reason. If you are hesitant to borrow from friends or family, you can always take out a loan against property (LAP). If you own real estate, you can use it as collateral for a secured loan. This is how an LAP operates.

    Accubuzz Loan Against Property is a property mortgage loan that provides funds for your business ventures. So, if you are a salaried individual, a budding entrepreneur, or an ambitious citizen looking to start a new successful business, choose a loan against property and focus your entire attention on your business. You can leverage the value of a residential or commercial property with Loan Against Property, and we will ensure that your business does not bear the burden of working capital, ensuring a stable business for you.

    Accubuzz Home Loans can provide you with maximum financing against the market value of your property at the best mortgage loan interest rates. While you focus on growing your business from the comfort of your own home, we will continue to fund and ensure its growth. All you have to do is sit back and unwind! To maximise your convenience, we also provide a doorstep loan service.

    • Small and mid-sized businesses
    • Partnership firms
    • Self-employed professionals
    • Private or closely held companies
    • Instant Sanction
    • No Hidden Charges
    • Easy Documentation
    • Attractive Interest Rates
    • Speedy Processing
    • Flexible Repayment and Tenure
    What is the purpose of a loan against property?
    A loan secured by a residential or commercial property can be used for both personal and commercial purposes. Indeed, it can be used for anything other than speculative or non-prohibitive purposes.
    Essentially, the bank considers your repayment capacity. Your income, age, qualifications, number of dependents, spouse's income, assets, liabilities, stability and continuity of occupation, and savings history are all considered when calculating the loan amount. However, loan eligibility generally does not exceed 60% of the property's market value.
    You can include your spouse as a co-applicant, which results in a larger loan amount. If the property is co-owned, however, all co-owners must be co-applicants.
    The processing fee for a loan against any property varies by bank and is typically around 1%.

    When salaried individuals and aspiring entrepreneurs like you take out a Loan Against Property from Indiabulls Home Loans, you stand to benefit from the following:

    • You can generate funds while staying in your own home by unlocking the property value.
    • You can prioritise by focusing on immediate personal expenses such as new business funding or business expansion.
    • To accommodate your emergencies, Indiabulls Loan Against Property has reasonable interest rates.