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Advanced Against Property

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  • Advanced Against Property
  • Loans against property, or mortgage loans are secured loans
  • Borrowers have to pledge their property (residential or commercial) as collateral.
  • Interest rates offered on these loans range from 8.00% p.a. to 13.00% p.a. while the repayment tenure offered by bank is generally up to between 2-20 years.
  • Loan against property (LAP) is a type of loan facility availed by individuals and businesses against the mortgage of a commercial or residential property.
  • It is a secured loan, where the borrower pledges the property as collateral against the loan amount.

Documents Required:

  • Property Documents
  • Customer KYC
  • `2` Gurantor
  • Photo