Seeking a Loan Against Property Here’s How You Can Secure One

1

• Seeking a Loan Against Property Heres How You
  Can Secure One

2

• Introduction
• Loan Against Property Is A Secured Loan That Can
  Take Care Of Big Expenses
• Usually, Lenders Fund Up To 70 To 80 Of The
  Market Value Of A Residential Property
• LAP Is Usually Spread Over A Span Of 10 To 15
  Years

3

• Loan Tenure
• Remember That The Interest Amount Will Depend On
  The Loan Tenure
• The Longer The Tenure, The Lower Will Be The
  Interest Charged

4

• Type of property
• The Type Of Property Makes A Huge Difference When
  It Comes To LAP
• A Residential Property Will Fetch A Higher Loan
  Amount Than A Commercial One
• Any Pending Litigation Or Ambiguity In The Title
  Of The Property Impact The Value Of The Property

5

• Consider Disbursal Time
• Disbursal Time Is Typically Affected When All The
  Legal Paperwork Has Been Completed
• Dont Choose A Lender Simply Because They
  Disburse The Loan Amount Super Fast
• Go Online To Check Reviews And Do Some Research
  On The History Of The Lender

6

• Interest Amount
• Compare Interest Rates Through Online
  Marketplaces
• Keep Your Income Proofs And Income Tax Returns In
  Place For A Better Rate
• Check If You Are A Special Applicant. You Might
  Be Qualified For Subsidized Rate

7

• Insurance
• Make Sure That Your Property Is Insured
  Beforehand
• It Is One Of The Criteria For Getting A Loan
  Approval

8

• Check for flexi loans
• Go For A Lender Who Offers Ample Room For
  Flexibility
• Dont Choose Lenders With Rigid Policies

9

• Conclusion
• Always Choose A Loan Amount That You Can Easily
  Repay
• Try To Avoid A Very Long Tenure
• Compare Multiple Lenders And Their Offerings
  Carefully

10
Thank You !Would Love to Hear From You

• Hero FinCorp Limited
• 09, Basant Lok, Vasant Vihar, New Delhi - 110057
• Tel. [phone]
• Email Id Corporate.Care_at_HeroFinCorp.com
• Website https//www.herofincorp.com/
• Know more- Seeking a Loan Against Property Heres
  How You Can Secure One