Loan against Property: Easy and Feasible option to get Loan

A loan against property (LAP) is a loan given or provided to the person against the mortgage of property. Like any other loan it is also provided at a certain percentage of the property’s market value which can vary between 40% to 60%. Loan against property is secured type of loan where consumer needs to provide his property papers as a guarantee. Loan against property is seems to be a better option if one wants to get loan easily. It provides you higher loan amount for any personal and business need on very lower EMI. It has many attractive features like amount availability for longer tenure and at lower interest rates, higher loan amount with lower EMI. Its speedy documentation makes its time efficient as well. The fund of loan can be used for business as well as personal use. Flexible repayment option provides option of repaying between drop line overdraft facility and monthly EMI. For self employed consumer it provides a special designed program.

However getting loan is still a difficult procedure. It has very strict criteria which involves a long procedure where bank needs a solid reason to recognize where the borrower will utilize this money and may even ask for documents or superior advance for borrower needs. In order to do that sometimes bank send bank agent or loan agent to verify the property or the reason given by the borrower. Now a day there are loan clinic, a subsidiary of investors clinics which is a group of loan provider agents of Delhi-NCR handling experts who support clients to take their loan. It also handles all the query of borrower on the personal loan, home loan and loan against property. If you don’t have time and you want to get loan as soon as possible these loan clinics are the best options for one. Here a loan agent will do all foot work for you and you will get the best help in order to get the loan. These loan clinics keep engagement with all the leading banks like Axis bank, HDFC bank, LIC bank. ONL bank, India Bulls. DFL Bank, Tata capital and so on. These loan clinics assign loan agent to each person who comes to them for help to get a loan.

These loan agents do standard relative study related to the loan, validate the papers from consumer side and notify the bank at the same time which ultimately help the consumer. Loan against property EMI calculator is another feasible option for someone to know that how much monthly EMI you need to pay for the loan.

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