Loan Against Property
Fund immediate or urgent needs with a loan against property
Fund immediate or urgent needs with a loan against property
Unlock the Potential of Your Property with Nivara Loan Against Property
Loan against property is one of the greatest ways to get a loan for all of your financial demands. Whether you need money for further schooling, a family wedding, or medical expenses, a home mortgage loan is one of the quickest ways to get a rapid loan to meet your current financial demands. Explore this information on how to obtain a simple loan against property.
Loan Against Property typically usually has lower interest rates compared to other unsecured loans.
Depending on the value of the property, the borrower can avail a higher loan amount.
The repayment tenure for Loan Against Property can be up to 20 years, which gives the borrower ample time to repay the loan.
Our process is completely transparent and without any hidden charges .
Our Loan expert will provide you services right at your doorstep .
We have a wide network and are available in rural, semi-urban, and urban areas across locations.
Apply with minimal documents, save time and effort .
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What is a Loan Against Property ?
A loan against property (LAP) is a secured loan that banks, housing finance companies and NBFCs provide against residential or commercial property. These loans are usually offered at a lower interest rate as compared to a personal loan or business loan and are disbursed at a reasonable time. Anyone with a pre-owned property can avail such loans, whether they are salaried or self-employed in a business or professional setup. The quantum of loan sanctioned is also higher than what may be offered in other available options.
Is loan against property a good idea?
LAP avails the best offer as compared to PL. It gives greater flexibility, lower interest rates, higher loan amounts, and longer repayment tenure. LAP is also best suited for those running their own businesses or self-employed professionals.
Can I convert a loan against property to a home loan?
Yes, it is possible to convert a LAP (Loan Against Property) loan to a home loan. However, the process and eligibility criteria for such a conversion may vary depending on the lending institution and the terms of the original loan.
How Does Loan Against Property Work?
Loan Against Property is a secured loan where borrowers pledge their property as collateral to avail funds. The loan amount is determined based on the property’s value and the borrower’s repayment capacity.
Who Can Avail Loan Against Property From Nivara Home Finance?
Any Resident Indian Individual, partnership firms or companies can apply for a LAP with Nivara Home Finance.
What Are The Documents Required To Apply For Loan Against Property With Nivara Home Finance ?
Along with application form, following documents are required to be submitted:
Proof of residence
Proof of identity Certified/
latest financial documents
Copies of all property documents (Need to check)
