Our Blog

Each bank has different criteria before approving to applications for loan against property (LAP). These may include:

  • Repayment track record of previous and outstanding debts
  • Value of the property
  • Current debt obligations
  • Income and savings

The loan tenure can be up to fifteen years, with interest rates between 12 and 15.75 percent. Documents required by banks in Delhi NCR often include

  • Latest salary slips
  • Residence Proof Identity
  • Bank statements for the last 6 months
  • Income Tax returns for the last 3 years
  • Any document related to the ownership of the property

So, what do you think ?