Property Loan
What is a Loan against Property?
A loan against property is a loan against commercial and freehold residential properties for personal and business requirements. It can be used to cover personal needs and the needs like marriage, medical expenses, education, etc. The funds under the loan come with no end usage. The borrowers can utilize the funds for various purposes like business expansion, wedding, etc. no matter for what reason you need the funds, whether it is for personal use or any medical purpose, a loan Easy Finances India against property will cover all of your expenses. It is an attractive option for those who are always in need of specific funds with flexible loan tenure and interest rates. For an existing customer, it becomes easy for him/her to receive a loan against property, but for the new customer, he/she would have to complete the requirements like documents with credit history, repayment capacity, and the marketability of the property that is placed for a mortgage.
A loan against property for both business owners and the salaried persons
A loan against property is like a gaining asset for both the business owners and the salaried persons. Even a self-employed person who needs some expansion of the business can make use of this facility. A salaried person who has a sudden medicinal crisis can apply for a loan against property which may include situations like requirement of long-term medical treatment, going for urgent surgery, sending the kids or children for foreign studies, etc. A loan against property keeps the savings intact and also lets the customers enjoy the low-cost EMI with the repayment tenure of as long as 15 to 20 years, where the low-interest rates lower the burden of repayment. The demand for loan against property is increasing among individuals because of the following reasons:
● It is cheaper than the personal loan
● The applicant can accommodate within the property placed for mortgage or even after the loan is availed.
● A loan against property (LAP) can be used for any purpose, including setting up a business, child’s marriage, sending the child to a foreign university, education purposes, medical expenses, etc.
Quick and Easy Processing
Sometimes, funds are required on an immediate basis. This is the reason the loan against property is applied on a swift basis. It can be applied through online processes that further become fast and easy, minimizing the hectic paperwork.
Nature of Collaterals Accepted
At Easy Finances India, we accept a wide range of collaterals to fund your immediate demands for financial needs. We accept pre-owned residential properties and commercial buildings to work with you to fund your needs
EMI Calculater
- Monthly EMI
- Total Interest Payable
- Total Amount Payable
Principal + Interest