Business Loan/Over Draft Against Property?

The Loan Against Property may see a major hike in the following year 2018. However the report states that these default cases would hardly have any effect on the Indian banking system, it is a matter of great concern for the financial experts and the stake holders of the Indian credit industry to think about the major reasons behind this fall down. Today we have come up with an analysis of this whole issue to make it more comprehensive for all.

Banks and financial institutions offer Loan against Property (LAP) after mortgaging your freehold residential or commercial property. LAP is far better option than any other loan to meet up your unexpected and desired expenses. These loans are very easy to avail and repay. One of the most sought out loans in our country as customer mortgages his real estate property to avail LAP and real estate prices has a very fewer chance to dip which makes them more easier and safe.

Mortgage Loan Providers?

Loan against Property is a secured loan. If you own Residential or Commercial property you could utilize the value of the same by opting for mortgage loan. The property papers are retained as security for a loan at a much lesser rate than personal loan.


Types - 1

The ownership of the property is retained by the owner. In case of inability to repay the loan the property could be disposed of to repay dues.


Types - 2

Loan against property can be taken either for personal or business purpose like working capital, business expansion, repayment of expensive loans etc. Option for an overdraft facility is also available.


Types - 3

Loan amount could range from Rs.50 lakh to Rs.20 Cr.

Borrower should be a resident of India. He or she should be an employee of a Public Limited company, Multinational company or Private limited company. Salaried Doctors, CA, Engineers, Government sector employees including Public sector undertakings and Central and local bodies are eligible for loan against property. Applicant should be minimum 23 years of age while applying for LAP. Many public sector banks even offer LAP to individuals who are 21 years of age. But mostly applicants who are 23 years and above are eligible for this loan. Maximum age at loan maturity should be 58 years in case of salaried individual and 60 years in case of public limited and government employees.

Why Loan Affairs?

Running a successful business is not an easy task. There are always ups and downs that you, as a business owner face. We, at Loan Affairs, understand that meeting every financial need is not simple and sometimes you do need a helping hand.
We take special pride in being that institution that can help you when you need help the most. We also give you the option of choosing what kind of loan you would need. This helps in routing that fund in the right direction and give you the boost you need. Be it project funding, the working Loan Affairs requirement for raw materials purchase, term loans for machinery or bank overdraft, we have the solution that you are looking for.

Quick disbursement: Once all your documents are in place, your loan from loanaffaris can be disbursed within 3 business days.
Business Loan Interest Rates: Loan Affairs believes in applying the best market practices and adheres to the principle of giving its valuable customers the best business loan interest rates.
Guarantee: We offer you commercial loans with no additional collateral or guarantee.
Flexible EMI option: We give you the option and convenience of to customise your monthly loan repayment instalment that is best suited for your company's cash flow.
Complete access: You will have complete online access to your loan account and can keep track of your EMI schedule, interest paid on each EMI and interest certificates.
SME & MSME Loans: You can choose to fund your small or medium sized enterprises using SME loan. There are various factors to be considered to get approval. Find out more about small business loans.