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Commercial property helps you earn your living but you should know that it can also help in your tough times, especially when there is a need for money and you don’t want to take the help of your family or friends. Here, you can fill out an application for a loan against commercial property and get money when the application is approved. Some amount of interest will be charged and you can
repay the money in small monthly EMIs. But for this, you need to make sure that property papers are complete. Moreover, no one will ask what you’ve done with the money you’ve received.
This is one of the most basic types of loan against property where you keep any of your residential or commercial property as collateral and get money from banks or non-banking financial companies. The loan amount that you’ll get will depend on the current value of your property. Here, the property on which you can get a LAP could be self-occupied, rented, or vacant, but it should be owned by you. Here, you need to make sure that all the property papers must be complete as any glitches may cancel your loan application.
Your entire borrowing process simple and user friendly You can get your loan funded in as little as 48 hours
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
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If want to apply for a Loan Against Property, you must meet the following criteria.
Age | Min 25 years Max 70 years |
Income | Minimum Profit Rs. 10, 00,000 per year |
Business Duration | Minimum 3 years in the current Business |
Here are the common questions that people ask.
Yes, property insurance is necessary to get a loan against property.
Yes, you can. Here, all the owners will be considered co-applicants for the loan.
You can apply for a loan online or offline as per your choice.
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