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.
Loan Amount Based on Property Appraisal
Competitive Interest Rates
Flexible Loan Tenure
Easy Documentation
Smooth Processing
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.
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.
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.
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.
Here is the process to apply for a loan against property:
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We find you the right lenders with similar terms and the lowest rate of interest.
We create a stable ownership structure for financiers by establishing a secure transaction process.
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Terkar Capital is a registered brand of Terkar Global Financial Development Pvt Ltd, is an Investment Banking Firm with a national footprint. We work extensively with professionals and businesses of all sizes to arrange debt funding instruments.
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