Loan amount from Rs. 10 Lakhs to Rs. 10 Crores
Apply for Loan Against Property
How To Apply
Loan against property is the type of secured loan, which requires property to be mortgages, and before you feel positive about applying for it, you only needs to be contended with required knowledge of application procedure.
Step 1: Identify the purpose of availing LAP
Loan against property will provide you money according to the market value of the mortgaged property. Before applying for this type of loan, you must be clear on the amount of loan you require to serve the purpose.
Step 2: Identify the Type of Property
After clearly defining the purpose of availing loan, find out the type of property you intend to mortgage. The type of property will assist you in getting the desired amount of loan.
Step 3: Determine the Interest & EMI
Once you have figured out the type of property, you can find out the rate of interest and calculate EMI.
Step 4: Find out Eligibility Criteria
If you are comfortable with the EMI, please check the eligibility criteria.
Step 5: Compile & Evaluate Documents
If you are eligible to apply for LAP, then compile all the required documents and evaluate if they are valid so that it does not slows down or halt application process.
Step 6: Fill the Application Form
Make final submission by filling the online form with all the required details.