Different types of properties, on the basis of planning, on which loans are provided, are: (1) Registered properties with Map – A registered property with proper maps and clear sanction plan by town planning authority is one of the best mortgages considered…
Loan Against Property
A loan against property is a loan given or disbursed against the mortgage of property. The loan is given as a certain percentage of the property’s market value, usually around 40 per cent to 60 per cent. Loan against property…
What are the documents required for Loan Against Property?
The following are the documents required to apply for Loan Against Property:- For Salaried Person Photo Identity Proof: Any One from the following Passport Pan Card Voters ID Card Driving License Residence Address Proof: Any One from…
Facts to know about Loan Against Property
The following are the fact to know about Loan Against Property: 1. Floating rate of interest is applicable: Typically, lenders charge a floating rate of interest on LAP throughout the tenure of the loan. Unlike in case of a home…