Loan Against Property
Loan Against Property
Preksha Finflex offers a comprehensive “Loan Against Property” service, providing clients with an opportunity to unlock the true potential of their valuable assets. Our expert investment advisors understand the significance of your property’s equity and strive to help you make the most of it. Whether you own residential or commercial property, we assist in leveraging its value to secure substantial funds for diverse financial needs. From expanding your business to funding higher education or consolidating debts, our tailored solutions ensure that you achieve your objectives with ease.
With Our “Loan Against Property” service, you can expect a seamless and transparent process. Our dedicated team of advisors will guide you through every step, from evaluation to documentation and approvals. We understand that each client’s requirements are unique, and our personalized approach ensures that you get competitive interest rates and flexible repayment options, aligned with your financial aspirations. Rest assured, your property will remain safe and secure throughout the loan tenure, as we prioritize transparency and confidentiality in all our dealings.
Unlock property value with our “Loan Against Property” service. Leverage your assets for funds to fuel growth, consolidate debts, or pursue your dreams. Expert advice for a secure financial future.
Features Of Loan Against Property
- High loan amount: LAP typically offers higher loan amounts compared to unsecured loans. Loan to value can be offered upto 80% of market value of property.
- Flexible Loan repayment tenure: LAP comes with a longer repayment tenure, ranging from 1 to 15 years.
- Lower interest rates: LAP has lower interest rates compared to unsecured loans, as the loan is secured against property.
- Multipurpose loan : LAP can be used for a variety of purposes such as debt consolidation, business expansion, medical expenses, etc.
- Multiple Loan Surrogate : Various loan calculation methods available such Income Tax returns, GST returns, Bank statement, Gross Profit
Benefits Of Loan Against Property
- Easy eligibility criteria: LAP is easier to get compared to unsecured loans as it is secured against property.
- Easy approval and Quick disbursal: LAP approval and disbursal process is relatively faster compared to other types of loans.
- Tax benefits: The interest paid on LAP can be claimed as a tax deduction under certain circumstances.
- Improved credit score: Repaying LAP on time can improve an individual's credit score.
- Lower interest rates: LAPs usually have lower interest rates compared to unsecured loans like a personal loan
- Tax benefits: The interest paid on a LAP is tax deductible if Loan used for Business.
- Easy and quick approval: The loan approval process for LAPs is usually quicker compared to other loans, as the property serves as collateral
- No end-use restrictions: LAPs do not have any end-use restrictions, giving the borrower the flexibility to use the&
List Of documents require to Process Loan Against Property Loan
Salaried
- Latest 3 months Salary Slips.
- Latest 2 years Form 16.
- Last 6 months Current account Bank statement of Firm.
Check your Eligibility
- Copy of Employee ID card.
- KYC Documents of all applicants.
- Property documents of concerned property to be mortgaged for the loan.
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