Tuesday, October 13, 2015
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Indian Real Estate News
Loan Against Property Eligibility Criteria
Loan Against Property (LAP): Eligibility Criteria - Overview
A loan against property (LAP) is a very good alternative if you need capital. Your property must have no outstanding ownership dispute associated with it and should not be mortgaged. If you can make repayments from your earnings, there is nothing to stop you from availing this loan facility.
LAP: Eligibility Criteria: Basics
- Compare LAP rates on Apnapaisa.com
This loan comparator gives you one-point access to all lenders who are willing to lend capital based on inputs such as property type, value of property etc.
- Loan against property eligibility criteria calculator
Use this calculator to find out the loan you are eligible for, given the value of your property and monthly income.
- Eligibility criteria for LAP
There are various eligibility criteria that you will need to meet to be able to get a loan against property.
- Secure a loan with your property
Unlike other loans which are taken for specific purposes, such as home loan or auto loans-these loans can be taken for any purpose.
- Do you need to show proof of income for Loan Against Property?
Even though you are taking a loan against your property, you need to show that you have income.
- What is LAP?
It is basically a kind of loan against the security of one's property.
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