Loan Against Property
Introduction
This is one of the easiest ways you can raise money i.e. by keeping your property (residential/commercial) as a guarantor for availing a loan. That means your own property helps you in getting a loan.
Loan against property is a secured loan. This is because a property is been handed over to that bank by the borrower acting as a guarantee. LAP is very secure as per customers point of view. It adds credibility to the customer. Because of that bank or any financial institute will not question the customer/client repayment capability. Real value makes LAP available at the affordable rates.
This is a secured loan so :-
- EMI is lower
- Cheaper Interest Rate
- Longer Tenure
- Maximum amount possible given as loan amount
The tenure of LAP is more compare to personal loan. Bank checks all the documents related to property that the borrower is providing for the loan. Properties that can use in LAP are mostly self-occupied or rented residential property. It can be a house or even a piece of land.
In LAP, ownership of that property which the consumer has handed over as a collateral, it always remains with that consumer, unlike in Home Loan in which the ownership is completely transferred to the Financial Institute/Bank. The consumer doesn’t have to repay the whole loan to get the ownership. At any point intime, if the consumer is not able to repay the loan amount, he/she can sell the property accordingly. The amount that he receives by selling that land, through thatsettlement of the loan can be done. When the repayment of the loan is completed with thecharged interest the consumer gets his property back.
process
01
Go to www.realvalue.loans
02
Click on Loan Against Property
03
Fill the form and submit it
Our representative will contact you shortly to arrange a meeting with you and collect the documents for further processing
- Marriage
- Child’s Education
- Debt Consolidation
- Medical Reason
- Home Improvements
- Buying A New Land Or A Property
- For A Vacation Abroad
| Personal Loan | Loan Against Property (LAP) |
|---|---|
| This is an Unsecured Loan | This is a Secured Loan |
| You Have to Pay Higher EMI | You can Pay Cheaper EMI |
| Your Rate Of Interest Is Higher | Your Rate Of Interest Is Lower |
| You Get 1 Year To 5 Years To Pay The Loan | You Get A Tenure Of 15 Years Max To Pay The Loan |
| Your Income Will Define Your Loan Amount | Your income and property defines your loan amount |
- We at real value care for your needs and understand your urgency.
- We believe in 100% percent customer service and trusted relationship with you. We value you so we keep a transparent process.
- No Hidden charges
- We understand your needs and implicate towards your problem. Our best skilled team helps you to simplify and understand the entire process and helps you till the end of the loan process.
- We help you to get loan in record time. Our networks and tie up’s with the leading banks and NBFC and other Financial Institutions helps you to get Cheaper EMI and Lower Interest Rate
- Applicant should be a citizen of India
- Should be occupying his current place of residence for a minimum of 3 years in the city
- Applicants should atleast be 24 years of age
- If the applicant is self employed, he should be in the business for atleast 3 years, if he/she is salaried, he should have minimum 3 years of Work Experience
- Salaried Person
- Self employed business person
- Self employed Professional
Salaried Self Employed
- Passport-size photographs.
- Identity and signature proof – Passport, Pan card, Driving License, Voter ID card, Aadhar card, employee identity card in case of government employees.
- Address Proof – Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/electricity/water/credit card bill or Property tax.
- Age Proof – Voter ID card, Secondary school leaving certificate (class 10), birth certificate, Passport, Aadhar Card, pension payment order or receipt of LIC policy.
- Salary slips of last 3 months from application date.
- Form-16 issued by current employer.
- Copy of details of all existing loans.
- A cheque covering the administrative costs/processing fees incurred by the bank in processing the application
- Property papers with OC and CC
Self Employed
- Passport-size photographs.
- Identity and signature proof – Passport, Pan card, Driving License, Voter ID card, Aadhar card, employee identity card in case of government employees.
- Address Proof – Bank statement, Rent Agreement, Voter ID card, Ration card, Passport, Driving License, telephone/electricity/water/credit card bill or Property tax.
- Age Proof – Voter ID card, Secondary school leaving certificate (class 10), birth certificate, Passport, Aadhar Card, pension payment order or receipt of LIC policy.
- IT Returns of the three years preceding the one in which loan is applied for.
- Copy of details of all existing loans.
- A cheque covering the administrative costs/processing fees incurred by the bank in processing the application
- Property papers with OC and CC.
- Go to www.realvalue.loans
- Click on Loan Against Property
- Fill the form and submit it
- Our representative will contact you shortly to arrange for a meeting with you and collect the documents for further processing