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Whatever your need be, broadening your business horizons, taking care of your child's education expenses or even wedding, with a Loan Against Property available on Finserv MARKTES, fulfill all your requirements today. A Loan Against Property (LAP) serves as a financial aid, when you want to fulfill any requiremnet of yours. At Finserv MARKETS, you can avail a loan against property of up to Rs. 5 Crores at attractive interest rates, with flexible repayment options.
On This Page: Our Partners | Features and Benefits of Loan Against Property | How to Apply | Loan Against Property Eligibility | Factors Affecting Loan Against Property Interest Rates
Bajaj Housing Finance Limited is renowned for offering long term financing through Home Loan, Home Loan Balance Transfer, Loan Against Property, Loan Against Property Balance Transfer.
PNB Housing Finance, one of the largest finance companies in India, specializes in providing financial services to the customers, through Housing Loans and Loan Against Property.
You can apply for Loan against Property through 100% online process.
Choose a repayment tenure that goes up till 360 months. The choice is all yours.
You can part-pay your Loan against Property with minimal fee.
You can avail a balance transfer facility or top-up loan at Finserv MARKETS with minimal documentation.
Finserv MARKETS helps you choose from a diverse range of secured lending products. You also get to compare various loan offers by the best of the lending partners. So, you are indeed spoilt for choice!
There's no tedious paperwork involved. Your application is approved within minutes and you can get the loan in no time.
We are proud to deliver on our promise to more than 100 million customers. Our reliable interface helps the lending partners reach out to people all across India and provides the best lending experience.
Want a Bajaj Finance Loan Against Property? Follow the 5 simple steps below and hit that Apply button
Fill in your personal and employment details.
Find out the loan amount you could possibly avail.
Fill your required loan amount & details of property.
You will get to know your final loan eligibility amount.
Get the money in your account post verification.
Check our entire list of interest rates & charges for Loan Against Property for Loan Against Property
Calculating your EMI in advance with our EMI calculator helps you manage your repayments better. The longer the loan tenure the lesser the monthly EMI you will have to pay and shorter the loan tenure the higher the monthly EMI you will have to pay.
You can calculate the amount of monthly instalments with the help of our loan against property EMI calculator. All you need to do is enter the desired loan amount, the pre-determined rate of interest and the loan tenure.
The eligibility criteria depends on your place of residence, age and your place of work.
You can check the detailed loan against property eligibility criteria for an in depth look into the same.
The interest rate charged on loan is based on various factors like the applicant’s age, employment type, income, etc. Salaried employees may have to pay lower rates on loan as they have a fixed source of income. On the other hand, a self-employed individual might have to pay higher rates on loan. Therefore, the interest rate may vary from one borrower to another based on their profile.
Having a good credit score is crucial in availing lower interest rate on loan. An individual with a credit score of 650 and above is viewed as a creditworthy borrower and can get competitive rates on loans. If you have a low credit score, the lender may charge you with a high-interest rate.
The property being mortgaged also has a vital role in determining interest rates. The interest rate for commercial and residential properties may vary since the value for the property will not be the same. If the property being mortgaged is quite old and under poor conditions, the interest rate might be higher compared to the rates applicable on a well-maintained property.
When selecting the loan tenure for your loan against property, keep in mind that these loans are a long term commitment. If you opt for a shorter loan tenure, the EMIs (Equated Monthly Installments) tend to be higher and vice-versa. Some lenders might charge a higher interest rate for a shorter loan tenure.
You can use a Loan Against Property to fulfil all your financial obligations. If you are a salaried individual, you can use your loan for the following purposes:
The eligibility of a Loan Against Property is calculated by taking the following parameters in to account:
In case of a loan with a floating interest, the interest component is subject to change. When the rates change, one of the following two changes can be done to a loan:
As a practice, the term of the loan is extended since the customer might have given post-date cheques and it would be difficult to replace them on every rate change. However, in case of under construction properties, the Pre-EMI amount is increased by default. You can choose any of the above options according to your convenience. The default option is to change the EMI to match the balance tenure of a loan.
You can avail a Loan Against Property for the following:
You can not avail a Loan Against Property for the following:
3 reviews
I wanted to expand my business and needed capital for the same. That’s when I thought of availing Loan Against Property. The application process was easy, and I received the loan amount within a short period. Thanks to Finserv MARKETS, I was able to expand my business without worrying about the finances.
Posted on 17 Nov 19
I availed a Loan Against Property to fund my children’s higher education. The loan was disbursed in very short span of time and the interest rate offered was quite attractive. Also, I can easily keep a track of my EMIs through an online portal.
Posted on 21 Dec 19
Never knew that the Loan Against Property would prove to be so helpful. The application process was simple and the rate of interest was quite competitive. I was able to fund for my daughter's wedding.
Posted on 12 Jan 20