-698.86 (-2.61)
0.64 (0.96) -1.53 (-3.31) 656.13 -1.61 -259.00 (-0.85) 98.00 (0.22) -0.08 (-0.11) 84.9333 0.76 0.00 (-0.08) 0.00 (-0.08)LOAN AGAINST PROPERTY-LOAN
Purpose :-
Purchase of house / flat
Purchase of a plot and construct as per requirement
Extension/ repair/ renovation of your own existing House/ Flat
Purchase of Furnishings as a part of the project cost
Takeover of current home loan from other Banks/ Finance Companies.
WHY LAP?
If the title of your property is be clear and without encumbrances, you are the choice for bank.. Why LAP should be your preferred option?
Rate of interest is lower than personal loan or loan against any security such as shares, gold etc. slightly higher than home loan. Interest rate range 10.25 % - 12.35% per annum.
Income proof of three years.
Easy eligibility - Minimum Age - 24 years - Maximum age - 60 years for salaried & 65 years for Self Employed. LAP available for maximum term of 15 years.
Repayment by way of EMIs, similar to housing loan.
Pre-payment option available.
Can claim the entire amount of interest paid as business expenses, if used purely for Business purpose.