A loan against property (LAP) is a type of secured loan where a borrower pledges their property as collateral in exchange for a loan. This type of loan allows individuals or businesses to borrow money against the value of their property, whether it’s residential, commercial, or industrial.
That the borrower offers their property as collateral to secure the loan. This reduces the risk for the lender, as they have an asset to seize in case the borrower defaults on the loan. Compared to unsecured loans, Apply for loan against property in Delhi NCR, Noida typically offers higher loan amounts since it is backed by collateral. The loan amount usually depends on the value of the property being pledged. Borrowers can typically use the loan amount for various purposes such as business expansion, debt consolidation, education expenses, medical emergencies, or any other personal or professional needs.
Apply for loan against property in Delhi NCR, Noida
Loan against Property Key Features & Benefits:
High Loan Amount: Compared to unsecured loans, a loan against property typically offers a higher loan amount since it is backed by collateral. The loan amount usually depends on the value of the property being pledged.
Fulfil Your Every Need: Both residential and commercial properties* are accepted as collateral, and the money from the our lenders Banks & NBFC Loan Against Property can be used for a variety of personal or business needs.
Easy Repayment Options: We are offered flexible repayment option With competitive interest rates, you can easily repay your loan in low EMIs, or choose our Dropline Overdraft Facility.
Transparent Processing: All our charges are communicated up front, at the time of the processing of the loan. No hidden charges or fees.
Quick and Efficient Servicing: With our specialist doorstep service, your Hamra Loan- Loan Against Property will be processed quickly and easily.
Benefits for the Self Employed: Self-employed individuals can benefit from our customized loan options and multiple funding available with our trusted partner lender Banks & NBFC.
Turn Around Loan Processing Time: Application will be decisioned within 7 days from the date of its receipt and subject to submission of all the documents and details by the customer as may be required by the Bank and Application in cases which involve customer availability for completing a field investigation or fie search & valuation of a property ,will be decisioned within 15 days from the date of its receipt.
Apply for loan against property in Delhi NCR, Noida
Eligibility Criteria:
The eligibility for a loan against property depends on factors such as the value of the property, the borrower’s income, age, credit history, and the purpose of the loan.
Apply for loan against property in Delhi NCR, Noida
For Salaried Individuals:
A copy of any of the following as proof of Current residence address:
- Aadhar Card
- Ration Card
- Telephone Bill
- Electricity Bill
- Voter’s ID Card
- Passport
- Driving License
A copy of any of the following as proof of identity:
- PAN Card
- Aadhar Card
- Voter’s ID Card
- Passport
- Driving License
A copy of income documents:
- Bank Statement of previous 6 month for Salaried/ 12 month self-Employed
- 3 month latest salary slip for salaried/ Last 3 years ITR with computation and Balance Sheet CA Audited with UDIN for Self-Employed.
- 2 years Form 16 or last 2 year ITR
- Should be 2 years completed in job/ 3 years completed Business continuation Proof.
Other Documents:
- Employment Contract / Appointment Letter in case current employment is less than year old
- Last 6 months’ Bank Statements showing repayment of any ongoing loans
- Cheque for processing fee favoring Bank
- Memorandum and Articles of Association of the Company
- Partnership deed in case of the business entity being a partnership firm
- Details of ongoing loans of the individual and the business entity including the outstanding amount, instalments, security, purpose, balance loan term, etc.
- Property Document: Complete chain of property title deeds, approved layout/plan
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Frequently Asked Questions
A loan against property (LAP) is a type of secured loan where a borrower pledges their property as collateral in exchange for a loan. This type of loan allows individuals or businesses to borrow money against the value of their property, whether it’s residential, commercial, or industrial.
Borrowers can typically use the loan amount for various purposes such as business expansion, debt consolidation, education expenses, medical emergencies, or any other personal or professional needs.
The below properties are eligible as collaterals for Hamra Loan Loan Against Property
• Residential, Commercial, Industrial, Plots
The maximum loan amount depends on various factors such as the value of the property. The minimum loan amount one can avail of is ₹10 Lakhs and up to a maximum of ₹100 Crores.
Loan Against Property segment, we are currently offering our customers a loan tenure from a minimum of 12 months up to a maximum of 300 months. As per loan amount and lenders.
We have one of the best Loan Against Property solutions. Some of our key features are:
• Loan amount of up to ₹100 Crores for an extended tenure of 25 years
• Balance transfer facility and additional top-up facilities
• Higher mortgage loan facility basis audited financials
• Quick loan based on bank statements, basis GST returns or ITR basis
• Loan available for salaried individuals, self-employed/ professional
• Loan available based on your Rental income
• Loan also available for purchase of a commercial property
• Funding solutions for multiple funding avail with our trusted multiple partner same time
• Customer experience doorstep solution with easy documentation and a hassle-free processes
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