LOAN AGAINST PROPERTY

All type of Loan Against Property

At Rupiyamart, we provide best loan options against property so that you can use that bucks to meet any personal or business expenses.

  • Streamlined process with minimal documentation.
  • Avail upto 100% property value loan amount.
  • Low interest rate.
  • Pre-closure of loan is available.

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    FREQUENTLY ASKED QUESTIONS

    WHO CAN AVAIL A LOAN AGAINST PROPERTY?

    LAP loan can be availed by Salaried Professionals, Self-employed individuals and also those who are getting stable source of income like rental income etc. There is a minimum amount of salary that has to be earned by those who are employed and also a minimum limit of annual income earned by the professionals and other self-employed people. This condition is there to ensure that the people who can afford to repay the loans against property can only make use of the facility

    CAN I USE LAP FOR ANY PERSONAL PURPOSE?

    Yes, LAP loan is any purpose loan which you can use for any of your personal needs or business needs. It typically acts like a Personal Loan, with the difference that security need to be provided.

    HOW MUCH LOAN I CAN GET ON MY PROPERTY?

    Loan amount depends on the valuation of your property and also the use of property. Typically if the property is used for commercial purpose, loan is restricted to 50% of the market value of the property and for residential property, this may go upto 60-70% also. However it is at the discretion of the bank to sanction the loan amount, depending on the repayment capacity of the borrower.

    WILL THE EMI AMOUNT OR THE TENURE OF THE LOAN CHANGES DURING THE LOAN PERIOD?

    Yes, the EMI amount or the tenure of the loan could get changed if one has availed a floating rate of interest

    CAN I SELL THE PROPERTY EVEN WHEN THE LOAN IS NOT PAID OFF?

    Yes, you can sell the property even when the loan is active. However you need to inform the lender and get a consent from them to sell. The title deeds shall be released to the borrower once all the dues to the bank are fully paid off.

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