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UNNATI LAP LOAN
ANSCOR UNNATI LAP LOAN
A Loan Against Property (LAP) is a secured loan where you pledge your residential, commercial, or industrial property as collateral to get a loan. The loan amount depends on the market value of the property and the lender’s loan-to-value (LTV) ratio, usually ranging from 50% to 75% of the property’s value.
Key Features of Lap Loans:
- High Loan Amount
- Lower Interest Rates
- Flexible Repayment Tenure – Upto 5 Years
- Multi-Purpose Loan – Can be used for business expansion, education, medical expenses, or personal needs.
- Ownership Retained – You continue to own and use the property while repaying the loan.
Requirement
Required Document
Documents
- Identity Proof – Aadhaar Card, PAN Card, Passport, Voter ID
- Address Proof – Utility Bill, Rent Agreement, Passport
- Income Proof – Salary Slips, IT Returns, Bank Statements
- Property Documents – Title Deed, Encumbrance Certificate, Approved Plan
Eligibility
- The eligibility for LAP loans depends upon various factors including the following important ones:
- Income of applicant
- Credit health of applicant
- Property type
- Property value