You can place your residential or commercial property as collateral to avail finance. These loans are less costly than a normal business loan or personal loan as they are secured in nature. These are also called Mortgage Loan.
You may use the funds to meet expenditure on education, marriage, healthcare, business expansion etc
Following types of Property can be Mortgaged to avail LAP
- Self-owned residential property
- Self-owned and self-occupied residential property
- Self-owned but rented residential property
- Self-owned piece of land
- Self-owned commercial property
- Self-owned but rented commercial property
Loan Against Property Benefits
- Low EMIs
- Immediate Funds availability
- Fast and easy Loan Processing
- Speedy Approvals
- Flexible Tenure
- Simple and Hassle free Documentation
- Easy Balance Transferring
- Upto 65% of Value can be sanctioned for loan
Interest Rate on Loan Against Property
The interest rates for LAP or Mortgage Loan can be fixed or floating, or partly fixed and or partly floating, suiting the needs of the borrower. Currently, Rates start from 8.9%. Processing fees may also apply. Contact Us to know the rate applicable for you.
Apply for the Best Deals
Who Offers Loan Against Property or Mortgage Loans?
All leading Banks & Non-Banking Companies provide Business Loan of your choice & tenure. HDFC ltd is the biggest lender.
How does Loan Against Property or Mortgage Loans work?
All categories of borrowers can apply for LAP or Mortgage Loan. Many schemes are available to benefit of Salaried, Govt Employees, Professionals (Doctor, CA, Architect Etc), Armed Forces & Women Category.
One can apply for a LAP or Mortgage Loan if he is in Age 18-75 with a source of income. These are offered from 1 year to 10 years period.
Documents Required for Loan Against Property or Mortgage Loans
You require PAN Card, Aadhar Card, 3 Months Salary Slips (for Salaried), Form 16 or 3 Years ITR, Business Registration (for Business Owners & Professionals), GST Certificate, Bank Statements & Processing Fees Cheque. You also require Property Related documents (Agreement, Property Ownership Documents, Chain of Title, etc). Few more documents could be called for by the financer. Talk to us to understand documentation in a better way.
Why TriWealth India for Loan Against Property or Mortgage Loans?
TriWealth India is India’s leading partner with many Banks & Financial Institutions to distribute Personal Loans. To name a few we are closely associated with HDFC Ltd, Axis Bank, ICICI Home Finance, DHFL, TATA Capital, Indiabulls Home Finance, LICHFL Etc.
TriWealth – WORKS FOR YOU, not for any Bank or Financial Institution.
We work with integrity & on a comparison basis. A product Best for YOU is Good for us.
We arrange Loans – With Lowest Rate Possible, Lowest Documentation & as per Best Suitability. Trust Us…
Time Required for Mortgage Loan
5 Days -15 Days (Depending on how fast you can make the documents available & the processing Bank)
