I am an NRI. Can I get a Loan Against Property?
Yes! Most banks provide LAPs for salaried NRI customers.
Loan against property
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Why should I opt for a Loan Against Property instead of a Top-up Loan?
A Loan Against Property (LAP) has many advantages over a Top-up Loan. They include:
What is the maximum tenure to repay the Loan Against Property?
A Loan Against Rent Receivables can be sanctioned for a minimum tenure of 12 months and a maximum tenure of 108 months. This however depends on the balance lease period and other parameters.
What Property can be considered as collateral for LAP?
You can provide your self-occupied Residential or Commercial property (Shops and Offices) as collateral.
What is the maximum amount I can get as Loan against property?
Banks offers up to Rs. 20 crores as Loan against Property
What are the different property types considered under the Loan Against Property scheme?
Loan Against Property can be availed for a self-occupied residence or a commercial property.
