Everything You Should Know About Loan Against Property - Loan Trivia


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Friday 21 January 2022

Everything You Should Know About Loan Against Property

loan against property

If you need a significant amount to meet different financial needs in your life without liquidating your assets and savings, there is a way out. 

You can apply for a loan against property (LAP loan) online and get a large amount at a lower interest rate. 

It is because a loan against property is a secured debt and helps you repay lower EMIs. 

If you want to know about the basics of the loan against property, here is a post to go through!

What is a loan against property?

The loan against property lets you borrow a considerable amount using your property as collateral. From consolidating debts to a grand wedding to business expansions and much more, a loan against property is a one-time solution. 

What are the benefits of applying for a loan against property?

  1. Instant loan processing 

If you are the right loan candidate and have all the documents required, leading lenders don’t take time to process your application. You may only have to wait for 24 hours for your application to be processed. 

  1. Quick disbursal 

After you have the loan against property approval, you only have to wait up to 3 days for funds to be credited into your bank account. 

  1. Easy to meet eligibility norms  

A loan against property comes with an easy to meet eligibility, and documents required are not complex. 

  1. Flexible repayment tenor

Once you apply for the LAP loan, you don’t have to stress about making hurried repayments and hurt your outlays. You have a flexible repayment tenor ranging up to 20 years to manage EMIs and outlays without issues. 

  1. Online loan calculators 

You can know an amount that your income will support using the loan against property eligibility calculator. Similarly, a loan against property EMI calculator could be used to know an exact EMI amount over the tenor. 

You can apply for a loan against property online and fulfil your needs of having a large amount and meet all goals.       

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