Loan Against Property (LAP)

Unlock the Value of Your Property with LoanHai’s Loan Against Property

At LoanHai, we offer a seamless and efficient Loan Against Property (LAP) solution, enabling you to leverage the value of your property for various financial needs. Our LAP provides you with access to substantial funds while keeping your property ownership intact.

Features of Loan Against Property

  • High Loan Amount: Avail a loan up to 70-80% of the market value of your property, subject to assessment.
  • Flexible Tenure: Enjoy repayment terms ranging from 5 to 20 years, giving you ample time to manage your finances.
  • Competitive Interest Rates: Benefit from attractive interest rates tailored to suit your financial profile.
  • Varied Property Types: Secure a loan against both residential and commercial properties.
  • Multi-Purpose Loan: Utilize the funds for a variety of purposes, including business expansion, education, medical expenses, or personal needs.
  • Quick Processing: Experience a streamlined application and approval process with minimal documentation.
  • Loan Top-Up: Option for additional funding on your existing LAP, subject to eligibility.
  • Balance Transfer Facility: Transfer your existing LAP from another lender to LoanHai for better terms and interest rates.
  • Easy Documentation: Simplified documentation requirements to ensure a hassle-free process.
  • Transparency: Clear terms and conditions with no hidden charges.

Benefits of Choosing LoanHai for Your Loan Against Property

  • Low-Interest Rates: Enjoy cost-effective borrowing with lower interest rates compared to unsecured loans.
  • Tax Benefits: Potential tax deductions on interest payments under certain conditions as per applicable tax laws.
  • Continued Ownership: Retain ownership and use of your property while still benefiting from its value.
  • Longer Repayment Periods: Flexible repayment options up to 20 years to reduce the financial burden.
  • Utilization Flexibility: Use the loan amount for any financial requirement, offering complete freedom on fund utilization.

Eligibility Criteria

  • Property Ownership: Applicants must own a residential or commercial property.
  • Income Proof: Stable income proof demonstrating repayment capability.
  • Age Limit: Applicants typically should be between 21 and 65 years of age.
  • Credit Score: A good credit history enhances loan approval chances and can secure better interest rates.

How to Apply

  • Fill out the above form with the correct details.
  • Our executive will contact you to understand your needs and requirements and documentation.
  • Provide the necessary document.
  • You can use our emi calculator or can contact us