Avail Loan Against Property (LAP) for your business or personal needs. You can mortagage both residential and commercial property and enjoy comfortable EMIs with long tenure of up to 20 years.
Loan amount up to 15 Crores*
Low EMI with up to 20 years tenure
At attractive interest rate
Loan up to 80% of property value*
| CRITERIA | SALARIED | SELF - EMPLOYED |
|---|---|---|
| Age | Min. age should more than 24 yrs. Max. age should less than 58 yrs. |
Min. age should more than 24 yrs. Max. age should less than 60 yrs. |
| Tenure | 30 Years | 20 Years |
| Income | Net Salary should INR 20,000.00 and above per month | PAT should INR 3,00,000.00 with gross turnover of INR 30,00,000.00 and above on last FY |
| Experiance | Min. 2 yrs. | Min. 5 yrs. |
| Credit Score | Above 750 | Above 750 |
| ROI | 1% higher the HL ROI | 1% higher the HL ROI |
| Processing Fees | 1% to 2% + applicable govt. taxes | 1% to 2% + applicable govt. taxes |
The bank assesses the loan amount based on your income financials as well as the value of the property.
You can mortgage both residential and commercial property for availing LAP. However, the property should be free from any charge i.e. there should be no other loan running on the property offered as a security for LAP.
Yes, you can avail up to 90% of the total LAP as an overdraft.
You can avail up to 70% of the property value as LAP. However, the amount will depend on the property type and other checks.
You can avail an LAP for any business or personal use* like: • Business expansion • Long-term working capital • Purchase of equipment • Holiday • Education of children
