If you are looking for huge funds for purposes such as business expansion, the education of a family member, medical emergencies, or even debt consolidation, then capitalizing on the value of a property that you own can certainly help. Today Finserv brings to you easy and hassle free Loan Against Property (LAP) services which enable you to secure a loan against your residential or commercial property at highly competitive interest rates with flexible repayment timelines.
What Is A Loan Against Property (LAP)?
A Loan Against Property (LAP) is a type of secured loan in which you offer a property as collateral to obtain funds that you require, be it residential, commercial, or industrial. The value of a LAP is usually a certain fraction of the market value of the collateralized property and can serve both personal and business purposes.
Why Choose Today Finserv for LAP?
Today Finserv assures you a reliable and hassle-free borrowing experience with features that truly matters to you:
- High Loan Amounts : Secure larger loan amounts depending on the estimate value of your property.
- Quick Processing : Get instant approval and fast disbursal for your loan to automate your urgent requirements.
- Flexible Tenure : Outfitted with repayment periods of 5 to 15 years.
- Low Interest Rates : Fixed and highly competitive interest rates guarantee affordable EMIs.
Also Read - Foster Your Business Development with Today Finserv Business Loan
Eligibility Criteria
To Apply for a Loan Against Property, you:
- Must be employed (salary or self)
- Be aged 21 to 65 years
- Possess a commercial or residential property with a clear title
- Enjoy stable professional income and possess a healthy credit history
Documents Required
- Identity & Address Proof (Aadhaar, PAN, Passport)
- Income Proof (salary slips, bank statements, ITRs)
- Property Documents (title deed, valuation report, NOC and so on)
- Business Proof in case of self-employed applicants
Benefits of Taking a Loan Against Property
Loan Against Property (LAP) provides several benefits to the individual as compared to personal loans like: lower rates of interest, longer repayment time, and larger amounts of money for loan. Because the loan is secured with an asset, there is greater flexibility with regard to documentation and eligibility this makes it easier, more cost-effective, and less expensive to obtain the loan compared to other financial options.
Apply Today with Today Finserv
We help you get the money you require based on your property's value with the Today Finserv Loan Against Property. No matter if it is for business growth or for personal purposes, we aim to provide an effortless and delightful experience while borrowing.