Loan Against Property Process in Delhi NCR through LoanMoney

Loan Against Property Process in Delhi NCR

A loan against property (LAP) is exactly what the name implies a loan given or disbursed against the mortgage of property. Loan against property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Quick Form for Personal Loan in Delhi NCR Click here

Loan Against Property Interest Rate

The low rate of interest is possibly the most important selling point of LAP. Usually, the rate of interest can range anywhere between 10-14%. However, if you are looking for financing your home purchase, home renovation or even your child's education, home loan or education loan might work out to be a cheaper option. Opt for LAP only if you are unable to avail a purpose-specific loan like educational loan or home loan for some reason.

Loan Against Property Loan Amount

The loan amount of LAP usually varies between 40% and 70% of your property's market value. The exact loan amount can go up to several crore of rupees. For example, the maximum loan amount under LAP from HDBFS (a sister concern of HDFC Bank) is Rs 8 crore. Opt for LAP if you have a high-value property and the upper limit on other loan options is proving inadequate to meet your needs. Do not opt for LAP for small loan amounts as keeping your property as lien for a small loan amount does not make any sense.

Loan Against Property Loan Tenure

The tenure of LAPs can go up to as high as 15 years, thereby giving it an edge over short-tenured loans like car loans or personal loans. Longer loan tenure translates into lower EMIs, which in turn increases your EMI affordability. For example, assume that your monthly income is Rs 70,000 and you are availing Rs.25 lakh loan at 12.5% p.a. for 5 year tenure. Quick Form for Personal Loan in Delhi NCR Click here

Loan Against Property Absence of Tax Benefits

Unlike home loans or education loans, LAPs do not provide any tax benefits. While the interest paid on education loans can be deducted from your taxable income, home loans come with annual deductions of up to Rs.2.5 lakhs for interest paid on home loans and up to Rs.1.5 lakhs for principal repayment. Thus, prefer education and home loans over LAPs because of their tax benefits.

Loan Against Property Longer Processing Time

As your LAP will be sanctioned on the basis of your property, the lenders require time to verify all property-related documents and carry out technical appraisal of your property before disbursing your loan. Apart from these, the lender will also ask for your income proof to judge your loan repayment capacity. All these analyses may require up to 30 days. Thus, opt for LAP only if your fund requirement is not extremely urgent.

Loan Against Property Processing and Prepayment Charges

Just like other loan options, LAPs also have processing charges. While most banks charge up to 1% of the loan amount as processing fee, NBFCs like Bajaj Finserve may charge up to 2% of the loan amount. In addition to this, there are also other charges like prepayment penalty (for loans lent at fixed interest rates) and penal interest charges. With all other factors being equal, it is important for you to compare these charges for selecting your best deal. Quick Form for Personal Loan in Delhi NCR Click here

LaonMoney is an Authorized Direct Selling Agents of various National, Multinational and Non Banking Financial Companies for promoting their sales for asset division.

LoanMoney can provide Loan Against Property from:-

Loan Against Property from Nationalised Bank: Canara Bank, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Central Bank of India, Dena Bank,IDBI Bank, Jammu and Kashmir Bank, Karnataka Bank, Punjab and Sindh Bank, Syndicate Bank, UCO Bank, Union Bank of India, United Bank of India, Vijaya Bank, State Bank of India, Punjab National Bank and Bank of Baroda.

Loan Against Property from Private Bank: Bandhan Bank, Corporation Bank, DCB Bank, Federal Bank, IDFC Bank, Indian Bank, Indian Overseas Bank, Oriental Bank of Commerce, South Indian Bank, HDFC Bank, ICICI Bank, Yes Bank, Axis Bank, Kotak Mahindra Bank, Standard Chartered Bank, HSBC Bank, Deutsche Bank, Indusind Bank and RBL Bank.

Loan Against Property from Non Banking Financial Company (NBFC): DHFL Home, Indiabulls, Tata Capital, Bajaj Finserv, Capital First, Fullerton India, Aditya Birla Finance, LIC Housing Finance, Magma Fincorp, Reliance Capital and Tata Capital.

LoanMoney will get you an approval in Less Processing Time, Easily Available Loan, Lowers Interest Rates and No Agent or Middleman Charges.

Know more about Loan Against Property

Loan Against Property

A loan against property (LAP) is exactly what the name implies a loan given or disbursed against the mortgage of property. Loan against property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Read more...

Apply Loan Against Property

Apply for Loan Against Property Get mortgage and private loans against property for any type - commercial or residential in India. Apply for loan against land or property loan with easy documentation, speedy approvals and nil foreclosure charges. Enjoy long tenures up to 20 years.  Read more...

Loan Against Property Interest Rates

Check loan against property Interest Rates and apply loan against property with lowest EMI. Compare Loan Against Property Interest Rates in Delhi NCR for all your personal needs. Read more...

Loan Against Property Must Read

LoanMoney assist you in obtaining Loan Against Property (LAP) by mortgaging your residential house or commercial property or industrial property (ies), to get your cash liquidity at cheap rates. It is secured loan on property where bank gives highest loan possible on your loan repayment capacity with lowest Rate Of Interest (ROI). Read more...

Loan Against Property Frequently Asked Questions (FAQ)

Have a Question regarding Loan Against Property? Check out Frequently Asked Questions about Loan Against Property. Find the answers to all your Loan Against Property queries and Get your clarification right here. Read more...

Why choose LoanMoney for taking Loan Against Property in Delhi NCR

  • Easily Available: - Loan Against Properties are offered at reasonable interest rates and it is easy and convenient to get Loan Against Property from in comparison to Loan Against Properties from other Banks or NBFCs. Quick Form for Personal Loan in Delhi NCR Click here
  • No Agent or Middleman Charges: - In order to get Loan Against Property, you do not have to pay any agent or middleman charges. LoanMoney as your Loan Agency help you avoid unnecessary delays and expenses. You can directly approach the LoanMoney for Loan Against Property for the immediate financial need.
  • Less Processing Time: - LoanMoney guarantees that the processing time involved in getting  Loan Against Property is very less.
  • All Purpose Loan: - Loan Against Propertys is such where it is not mandatory for you to specify the cause for which you are to use the money. You can use the amount credited in your name for any purpose.
  • Minimum Paperwork: - LoanMoney ensures that getting a Loan Against Property does not require verification of any asset or any other kind of proofs and certificates that involve a lot of paperwork. Quick Form for Personal Loan in Delhi NCR Click here

LoanMoney will get you an approval in quickest possible time. All you need to do is visit LoanMoney.in and fill an enquiry form. You can also drop a mail to info@LoanMoney.in or call to +91-8130 222 111. A LoanMoney representative will get in touch with you and collect your documents from your doorstep.

 
Apply Loan Against Property

 

It is a type of unsecured loan and helps to meet your current financial needs. You don't need any security/collateral while availing it. Personal Loan is your solution for instant cash and can be used for travelling, wedding, medical emergency, home renovation, or anything else.

 

Home Loan is a Secured loan offered against the security of a house/property which is funded by the banks and NBFCs the property could be a personal property or a commercial one. Home loans consist of an adjustable or fixed interest rate and payment terms.

 

Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his property as security. Banks and financial institutions offer this LAP, which can either be a residential/commercial building or a piece of land.

 

A Business Loan is a loan specifically intended for business purposes. As with all loans, it involves the creation of a debt, which will be repaid with added interest. Banks and other financial institutions are there to provide you with suitable lending assistance.

Different Purposes for Personal Loan through LoanMoney

Marriages are made in heaven and its celebration is one of the happiest and memorable events for married couples and their families. Wedding loan is available to people looking to meet their wedding expenses in order to make the wedding a grand success.
Debt consolidation/ Financial Restructuring is a process to streamline one’s financial stability and debt. Thus by consolidating many small debts with one debt, one gets favourable payment off terms and lower burden of EMI.
Home is the place where your story generates. Home Renovation Loans are designed for the purpose of renovating a house and can be taken by a person who owns the property to be renovated.
A Medical Loan is extended by a bank or a financial institution under the category of personal loans. A medical loan can be used for multiple emergency purposes such as an operation, surgery, procedure, therapy or for any concern related to health.
The Education Loanaims at providing financial support from the bank to deserving/ meritorious students for pursuing higher education in India and abroad. Students enrolled in career-oriented courses e.g. medicine, engineering, management etc, can avail this.
Balance transfer is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also for better features. Balance transfer reduces your interest rates and finally ensure saving.
Travel loan is a kind of Personal Loan that you can apply while planning a travel. It can help to cover the costs associated with your holiday, such as airfares, accommodation, hotel fares, tour packages, travel gears/accessories, or any other type of expenses associated with your travel.
The Credit Card Payment Loan is designed to allow you to take control of your finances and pay your credit cards off faster. This is made possible by consolidating your high-interest card balances into one monthly payment at a fixed rate and term.

Disclaimer: LoanMoney is not a Loan Providing Organization. We are facilitating the Loan Process from various Banks & NBFC. The rate, eligibility criteria, term & conditions of various banks are subject to change as per bank discretion. We try our best to keep the data up-to-date, but we can't guarantee the accuracy of data provided in this site. LoanMoney help you to embark on your dream at the right time with many Banks/NBFC's Loan opportunities available! Follow a few simple steps to help LoanMoney team understand your requirements.

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