Aditya Birla Housing Finance extends the Loans Against Property (LAP) facility to enable the borrower to liquidate his owned property without selling it. The necessary funds are raised in a short period of time, subject to valuation of the property and the submitted documents. The loan helps the borrower tide over a financial crisis with minimum risk.
A sudden requirement of funds is an unavoidable circumstance arising in professional or personal life. Whether a personal necessity (hospitalisation, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments. In this context, it is imperative to consider an invaluable alternative source of finance known as Loan Against Property (LAP). This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinising the validity of the said property and its current market value.
| Salaried | Self Employed | Professional | |
|---|---|---|---|
| Age | 21 To 60 Years | 21 To 65 Years | 21 To 65 Years |
| Loan Amount | 10 Lakh To 10 Crore | 10 Lakh To 50 Crore | 10 Lakh To 50 Crore |
| Tenure | Max. 20 Years | Max. 20 Years | Max. 20 Years |
| Rate of Interest / APR [Annual Percentage Rate] | 14% To 16.25% | 14% To 16.25% | 14% To 16.25% |
| Features | Loan Tenure: Upto 20 years | Loan Tenure: Upto 20 years | Loan Tenure: Upto 20 years |
| Processing Fees | Upto 2% | Upto 2% | Upto 2% |
| Special | NA | NA | NA |
| Documentation | KYC/Financial(2 Years) & Property Documents. | KYC/Financial(2 Years) & Property Documents. | KYC/Financial(2 Years) & Property Documents. |
| Eligibility | Age:
Income:
Work Experience:
|
Age:
Business Income:
Business:
|
Age:
Business Income:
Business:
|
| Particulars | Salaried | Self Employed | Professional |
|---|---|---|---|
| Age(Min-Max) | 21 To 60 Years | 21 To 65 Years | 21 To 65 Years |
| Minimum Income | Min. 2,40,000/- p.a | Min. 2,40,000/- p.a | Min. 2,40,000/- p.a |
| Co-applicant | NA | NA | NA |
| Loan Tenure | Max. 20 Years | Max. 20 Years | Max. 20 Years |
| Maximum Loan Amount | 10 Lakh To 10 Crore | 10 Lakh To 50 Crore | 10 Lakh To 50 Crore |
| Employment/Business Continuity | Min. 1 Year | Min. 3 Year | Min. 3 Year |
| CIBIL Score | Min. 700+ | Min. 600+ | Min. 600+ |
Document Required For Salaried Employee
Document Required For Self-Employed/Professional
| Fee | Amount to be Paid |
|---|---|
| Rate of Interest | 14% To 16.25% |
| Loan Processing Charges | Upto 2% |
| Cheque Bounce Charges | NA |
| Cheque/ Instrument Swap charges | NA |
| Prepayment/ Foreclosure Charges | NA |
| Default Interest Rate | NA |
| Duplicate Statement Issuance Charges | NA |
| Duplicate Amortization Schedule Charges | NA |
| Duplicate Interest Certificate | NA |
| S(Provisional/ Actual) issuance Charges | NA |
Aditya Birla Housing Finance extends the Loans Against Property (LAP) facility to enable the borrower to liquidate his owned property without selling it. The necessary funds are raised in a short period of time, subject to valuation of the property and the submitted documents. The loan helps the borrower tide over a financial crisis with minimum risk.
Loanmoney is one of the leading Loan Agency inDelhi/NCR. We offers all
types of Loans & Credit Cards like
Personal Loan,Credit cards, Home Loan, Business Loan and Loan Against
Property .
Loan Money's main objective is to provide Best deal with Multiple option with Transparency & safety. We deal with over 35 Banks & NBFC`S. ,Our main focus is customer satisfaction that's why our customer rate us over 4.8 out of 5 on Google review rating, Its shows our level of commitment & services towards our customers.
