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Loan Against Property

A Loan against property (LAP) is a facility that can be obtained against collateral for resolving various financial hurdles. The hurdles that businesses commonly encounter in daily situations. LAP is a long-term based loan. So, the security here is the equitable mortgage of the immovable property. Therefore, the features make this type of loan the most secure for lending institutions. Consequently, in normal circumstances, borrowers can apply for a loan against property more easily than other types of loans.

The beneficial features of a loan against property are basic and can be realized by the borrowers before they apply. This loan is the most suitable because the property is one strong form of collateral security. The property is mortgaged for various purposes of finance. So, the borrower avails loan under the property’s current market value.

Key Features to Avail of Loan Against Property

Types of LAP Facility

1. Loan against commercial and residential properties

Based on the current market value, borrowers can mortgage their residential or commercial properties to obtain the amount of loan, to support any type of financial requirement.

2. LAP for Self-employed individuals

Self-employed individuals can obtain a loan against property, they can avail of a higher amount than regularly employed individuals, the specific amount varies from firm to firm. Thus, it is required to meet the property eligibility criteria.

Advantages of Loan Against Property

Loan Against Property helps to build capital expenditure
The Long-Term tenure is available in the LAP Facility
Convenient repayment options
Minimizes risk for the bankers and minimizes your interest rate
Helps to build a capital-intensive business
Suit for multiple debt instruments – Working Capital, Cash Credit, Overdraft, Term Loan

Loan Against Property Interest rates

Interest rates depend upon the repayment schedule, EMI tenure etc. It ranges from 9%-15% depending on the lender, for a period ranging anywhere from 7 to 15 years.

Learn the Myths about loans against property here.

Documents to Appy for Loan Against Property

Salary slips of the past few months in the case of employed individuals.
Bank statements of the past 3 months or depending on the conditions laid by the lending institution.
PAN card/Aadhaar card, or any appropriate identity proof.
Address proof.
Copies of documents of the property on which the loan is being taken.
Income Tax Returns.

Loan Against Property Eligibility Criteria

Age eligibility criteria: 18 to 70 years or 25 to 65 years old
Minimum work experience requirement for salaried individuals: 3 years and above
Business stability requirement: Last 5 years of stability
Good CIBIL score for a hassle-free loan process
Eligible properties for a mortgage: Personal, residential, commercial, and rented properties

Apply for a Loan Against Property at Terkar Capital

At Terkar Capital, we understand that financial hurdles can arise for individuals and businesses alike. However, the features of the Loan Against Property facility, provide a long-term loan option secured by an equitable mortgage of immovable property. This type of loan is easily accessible and offers several benefits, including flexible loan tenure, low interest rates, and a hassle-free application process. The loan amount is determined based on the current market value of the property.

How do we Execute?

Here is the process to apply for a loan against property:

Check your CIBIL score for free.

What sets us apart?

1. Fast Turnaround Time

We cordially track the deadlines and make our quality tangible, while executing finance projects well ahead of time.

2. Confidentiality

At Terkar Capital, We comply with the highest professional confidentiality standards. All client information is discussed in strict confidentiality.

3. Competitive ROI

We find you the right lenders with similar terms and the lowest rate of interest.

4. Hassle-free Processing

Creating a stable ownership structure for financiers by establishing a secure transaction process.

5. High Level of Integrity

We are building our reputation through reliability, integrity, and honesty. We connect to our clients on personal grounds that include transparency and liability.

Client's Testimonial

What our clients think about us?

H Tamhankar

We are very thankful to Terkar Capital for your efforts in arranging facility. Their approach is very simple, professional, and fast! The team is highly responsive that executed the process in short span of time without any hassles. Great work... Thank you!

J Agwan

Terkar Capital is upright at delivering specialized funding needs. They implement what they state. Because of you, we're able to make our business reach an exponential level.

A Waghmare

Obliged for the services by Terkar Capital in helping secure funds for the business. They offer a broad range of advanced funding solutions and deliver financial solutions that are right for customers. Grateful for the services rendered by your firm.

C Sonawane

Thank you Terkar Capital for processing my business loan in just a few working days. Very professional & skilled team. They understood my requirements to a level that were beyond my expectations from any lending company. I strongly recommend Terkar Capital.

Loan Against Property

Key Features to Avail of Loan Against Property

Types of LAP Facility

1. Loan against commercial and residential properties

2. LAP for Self-employed individuals

Advantages of Loan Against Property

Loan Against Property Interest rates

Documents to Appy for Loan Against Property

Loan Against Property Eligibility Criteria

Apply for a Loan Against Property at Terkar Capital

How do we Execute?

What sets us apart?

1. Fast Turnaround Time

2. Confidentiality

3. Competitive ROI

4. Hassle-free Processing

5. High Level of Integrity

Client's Testimonial

What our clients think about us?

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