Loan Against Property (LAP)
Fincity Loan Against Property (LAP), is a mortgage loan that helps you with financial needs to invest in your business ventures while allowing you to direct all your attention to your business. With Loan Against Property, you can leverage the value of a residential or commercial property, and we will ensure that your enterprise does not feel the burden of working capital, warranting a stable business for you.
Eligibility For LAP
This is the Eligibility
needed for a person to
avail Loan Against Property
Private or Closely held Companies
Small and Mid-sized Businesses
One Click Home Loan Eligibility
By filling in few of your details, you can check your home loan eligibility with a single click.
Attractive Interest Rate
The home loan interest rates by Fincity Home Loans are extremely feasible.
No Hidden Charges
To ensure a great housing loan experience for our customers, there will never be any hidden charges.
With our quick loan approvals, you will not face any unnecessary delay that hinders you from getting your housing loan.
Say goodbye to tedious paperwork. We are there for you in every step of the way, and that includes helping you file all your paperwork. All the paperwork required by us is as per the ISO certified process.
With Finicty Home Loans, you can relax about repayment by exploring our flexible repayment options.
We also provide tenure according to your needs and requirements. So, you can explore options of long and short tenure with Fincity Home Loans.
To apply for a loan with Fincity Home Loans, click on the below buttonApply Now
Benefits Of LAP
When you avail a Loan Against Property from fincity Home Loans, the following advantages also come your way:
You can generate funds by unlocking the property value along with the benefit of staying in your own home You can temd to your need for immediate personal expenses like: New Business funding or Business Expansion etc. Indiabulls LAP has reasonable interest rates to accomodate your emergencies.
Loan Against Property / Commercial Property Purchase Variable Rate
|Loan Amount||Variable Rates %|
|Upto and including Rs. 5 crores||10.50% to 13.00%|
|More than Rs. 5 crores||11.50% to 13.50%|
Loan Against Property / Commercial Property Purchase Fixed Rate Tenure
|Loan Amount||Fixed Rate Tenure||Rates %|
|Upto and including Rs. 5 crores||Upto 2 Years||11.00% to 13.25%|
|More than Rs.5 crores and upto 10 crores||11.75% to 13.50%|
After the completion of Fixed Rate Tenure, the rate of interest applicable on loan will be the prevailing Variable Rate Of Interest basis the Margin adjusted to Reference Rates at the time of loan agreement execution.
Up to 1.50% of the loan amount
S. Tax as Applicable
How to Apply
|Proof of both identity and residence (any 1)||
|Self Employed Professional||
|Self-Employed Non Professional||
*If variable components like over time and incentives are reflected, then salary slips for the past 6 months are required.
Note: Original documents are required for verification purpose only
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- Your spouse
- Any blood relative (immediate family members)
- Also co-owner of the property has to necessarily be a co-applicant for the loan.