Today’s Paper
A Loan Against Property or LAP helps you to purchase or maintain a home, land, or other types of real estate. Being secured in nature, LAP demands collateral against the loaned amount.
LAP offerings against your commercial or residential property put you in a position to use the value locked up in your property to meet any expenses of any nature.
You may select a high-value loan depending on the value of your property collateral for your borrowing.
Here are a host of reasons you must choose Sunsoil Financial for online or offline Loan Against Property.
Sunsoil Financial along with significant 100+ partner Banks across India spread over 1000+ locations extend Loan Against Property to all eligible individuals across India.
At Sunsoil Financial, Aadhaar based e-KYC speeds up the documentation process by eliminating physical paperwork. You can obtain a LAP as soon as the inspection is done and approved.
You can think about loan costs, offers, and online services on our digital platform. Our online resources will direct you to settle on the right decision, and pick the right bank for your advance according to your financial plan and assumptions.
Experts at Sunsoil Financial know the ins and outs of the business. Our committed group of individual specialists will guide you to pick the right lender.
We esteem our clients and are consistently on our toes to give them advantages of our abilities. Applying for Loan Against Property through us gives you an opportunity to benefit from the best offers and agreements our Partner Banks and NBFCs have on offer.
A Loan Against Property may be termed as a loan availed from a bank, housing finance company, or NBFC against property. The collateral property may be a piece of land, house, or a commercial or industrial property. Your asset remains as security with the lender concerned until you pay back the entire amount of the loan. Lenders generally offer such unsecured loans at lower rates of interest for a reasonable period.
Loans against property may be availed by salaried as well as self-employed people. Self-Employed persons or businesspersons take such a loan to meet cash flow needs, since such a collateral helps raised a large sum of money for lower rates. Salaried individuals may use such a loan to meet large expenses such as a wedding in the family, or education of a child.
Being a secured loan, such an arrangement may unlock the value of your property to put to use the money for various personal as well as business purposes, which could vary from expanding business to sudden and emergency expenses. Easy availability makes this product popular, as some lenders are ready lend you up to 70 percent of your property value. The terms and conditions offered in terms of interest and repayment are also better compared to other loans. Additionally, you can avail tax benefits on this type of loan, and if you plan to pay back the loan earlier than the loan tenure, some lenders don’t even charge you a prepayment penalty.
Loans against Property feature benefits such as below
The following are the stages involved in taking a loan against property
The term Amortization Schedule refers to a complete table of periodic loan payments showing the principal amount and the interest amount comprising each payment until the complete repayment of the loan at the end of the term.
The term Negative Amortization on the other hand refers to an increase in the principal balance of a loan caused by the failure to cover interest due on the loan.
Peruvian roast chicken, tofu-ginger stir-fry and more recipes. 1
Peruvian roast chicken, tofu-ginger stir-fry and more recipes.
Peruvian roast chicken, tofu-ginger stir-fry and more recipes.
