YES BANK Introduces Loan Against Property (LAP). Unleash the power of your property to fulfil your dreams. The loan amount is ascertained by individual banks and is based on the market value of the property. The maximum amount is subject to LTV, which varies from 50-70 % of the market value of the property. For example, if your residential property (self-occupied) is worth 100 lakhs in the market, you can avail a loan against property in the range of 60-70 lakhs depending on the lending institution and if you have commensurate income to pay the EMIs
|Age||23 To 60 Years||23 To 65 Years||23 To 65 Years|
|Loan Amount||5 Lakh To 25 Crore||5 Lakh To 50 Crore||5 Lakh To 50 Crore|
|Tenure||5 To 15 Years||5 To 15 Years||5 To 15 Years|
|Rate of Interest / APR [Annual Percentage Rate]||10.25% To 10.70%||10.25% To 10.70%||10.25% To 10.70%|
|Features||Higher Loan Amount Facility||Higher Loan Amount Facility||Higher Loan Amount Facility|
|Processing Fees||0.75 To 1%||0.75 To 1%||0.75 To 1%|
|Special||Min. 3 Lakh/ p.a||Min. 3 Lakh ITR||Min. 3 Lakh ITR|
|Documentation||KYC/Financial(2 Years) & Property Documents.||KYC/Financial(2 Years) & Property Documents.||KYC/Financial(2 Years) & Property Documents.|
|Age(Min-Max)||23 To 60 Years||23 To 65 Years||23 To 65 Years|
|Minimum Income||Min. 3 Lakh Per Annum||Min. 4 Lakh Per Annum||Min. 3 Lakh Per Annum|
|Co-applicant||No Conditions if available that is good||No Conditions if available that is good||No Conditions if available that is good|
|Loan Tenure||Max. 15 Years||Max. 15 Years||Max. 15 Years|
|Maximum Loan Amount||Max. 25 Crore||Max. 50 Crore||Max. 50 Crore|
|Employment/Business Continuity||Min. 3 Years||Min. 2 Years||Min. 2 Years|
|CIBIL Score||Min. 650 , Less than that case to case Justifications||Min. 650 , Less than that case to case Justifications||Min. 650 , Less than that case to case Justifications|
Documents for a YES BANK LAP
The duly filled application form is required with the following identification documents:
Being one of the most secure loans, a Secured Business Loan from YES BANK lives up to your expectations by offering unmatched benefits and options for customization. For any medical urgency, financial planning for the international education of your child or business expansion, a Loan against Property from YES BANK ensures complete peace of mind with its comprehensive and smart solutions.
|Fee||Amount to be Paid|
|Rate of Interest||10 % To 10.50%|
|Loan Processing Charges||0.75 To 1%|
|Cheque Bounce Charges||As per Banks Nome's|
|Cheque/ Instrument Swap charges||As per Banks Nome's|
|Prepayment/ Foreclosure Charges||As per Banks Nome's|
|Default Interest Rate||As per Banks Nome's|
|Duplicate Statement Issuance Charges||As per Banks Nome's|
|Duplicate Amortization Schedule Charges||As per Banks Nome's|
|Duplicate Interest Certificate||As per Banks Nome's|
|S(Provisional/ Actual) issuance Charges||As per Banks Nome's|
YES BANK proffers a Loan against Property at a competitive mortgage loan interest rate. Due to using your property as collateral, the interest rates for a Loan against Property are comparatively lower than those of unsecured loans.
You are free to utilise both residential as well commercial property as collateral. Our balance transfer facility, dropline overdraft facility, and professional doorstep service render YES BANK the best-in-class lender.
We, at YES BANK, facilitate your growth by offering a lucrative mortgage loan interest rate. Our dedicated team of professionals offers expert advice and best-in-class services to top the remunerative rate of interest on a Loan Against Property.
As the name says it all, loan against property is the loan you get from the bank against the mortgage of your property. This type of loan comes under the category of secured loan. The security in this case is the property of the borrower. Here, the property can include your home, your commercial property, or land. The amount of loan is decided based on the market value of your property.
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.