Both fixed and floating rate options are available for people applying for loan against property in Delhi NCR. Local banks typically accept properties that are leased out or self-occupied. Lending options of LAP in Delhi NCR are generally flexible and there are financial institutions that are able to process application in just one day.
Reserve Bank of India has stated that banks shouldn’t insist on obtaining collateral security when lending up to Rs 5 lakh to small-scale sectors. This may lessen the major disadvantage that affects an interest-based financial system that often deprives deserving small-scale entrepreneurs and industries.