Loans Against Property :

Loan Against Property (LAP) can be availed against your Home/Commercial property/Land/Godown/Warehouse

The end usage or the reason for applying loan can be many from funding your business expansion , to sending your child for higher education or to pay for medical expenses or to give your daughter a dream wedding.

Finwizz's offers you a basket of options to choose from its wide relationship withPremier Banks and Financial Institutions, with over a decade of experience serving and pleasing customers.

Few of the financial institution partnered with us for Loan against property are ICICI Bank, Bajaj, Tata Capital, HDB,L&T Fin, Kotak Mahindra, Reliance & more.

Finwizz Team will understand your requirement and propose a customized loan solution which offers the best loan amount, Rate of Interest, Processing Fee, Tenure etc., at one go. You can soon be on your way to fulfilling your dream or promises made! Our representative are trained to help our customers find the best possible deal and assist you end to end from paperwork to disbursement with personal touch , anytime, anywhere., and absolutely free of charge!

What are Loans Against Property?

Do you have a business idea envisaging in you for a long time? Do you need to invest in your business expansion? Do you low-cost funds for any other purpose? Do you want to fulfill the commitments made ? Do you own a property? then LAP is the answer for you & LAP provides you much lower interest rates compared to unsecured loans.

Popularly known as LAP,is a secured loan and is a convenient means to access funds at interest rates lower than personal loans or other unsecured loans.

For such loans, you offer an existing property as a security or collateral. The current market value of the property determines how much loan you can get. Such loans allow the owners of properties to leverage the value of their existing properties to raise funds for a variety of reasons.With LAP you enjoy the privilege of having access to funds you need while you still own the property & not parting ways with.

Loans against property may be availed on:

• Residential properties.
• Commercial Properties.
• Industrial properties.
• These loans can also be availed against a plot and not just against constructed property. While, they may be priced slightly higher than regular Home loans, they are definitely cheaper than personal or other unsecured loans.

How is your eligibility determined for a Loan Against Property

Your eligibility is determined based on:

• Current market value of your property and its current status.
• Current Income – Net income from all Sources
• Nature and continuity of employment or Business
• City of Employment/Business & Current obligations (Any existing EMI’s being paid , credit card outstanding & Credit limit available )
• The purpose of availing such loans is also discussed with the lender and may have a bearing on the loan sanction.
• Most institutions lend up to 80% of the value of the property, provided the borrower can demonstrate the ability to pay the installment for such a loan.
• Having a Co-Applicant to your Loan against property
  • In order to give the lender an accurate picture of your loan servicing capability as a family , you could choose to have one of your family members as a co-applicant to your loan. Any of the members of one’s immediate family may become co-applicants to a Loan Against property - this is however limited to Spouses, Parents & siblings.

To know your eligibility now or to apply, please call us on +91 80 465 77 000 or email us at sales@finwizz.com.

We Offer

• Loan with simple documentation, quick processing and disbursal.
• Enjoy the convenience of doorstep service
• Get the best in market interest rate for your personal loan
• You need not worry about collaterals or guarantors
• Try out the 'Balance Transfer Option' to get rid of high Interest current EMI’s and get slash up to 2% on interest rates on your current loan.