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About Loan Against Property

Get a loan against residential or commercial property; buy new property or refinance existing loans.


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Why Compare Home Loan Interest Rates Online at Loanserve.in?

While taking a Loan against Property/ LAP/ Mortgage Loans/ Property Power loan, you must compare and check all the available offers in the market at Loanserve.in as it brings all the leading banks & NBFCs to your desktop or mobile phone. You can shop around here in the same way that you purchase merchandise on ecommerce sites:
  • Compare Brands - banking and finance companies
  • Check price - Rate of interest on home loan
  • Check onetime cost - Processing fees
  • Check Discounts- gift vouchers and cash back offers
  • And much more
Ones you shortlist the product (Loan against Property offer) apply online for LAP, we will be happy to meet you at your doorstep to assist you to complete the borrowing process.

Shopping around for a mortgage loan will help you to get the best financing deal in the market place.

Shopping, comparing, enquiring, seeking clarifications, negotiating may help you save thousands or may be lakhs of rupees when taking a loan against your property. At the end of the day, a rupee saved is a rupee earned.

What Should I check before finalizing a Loan against Property/LAP Loan?

Best rate for Loan against Property in India
In India LAP or Mortgage finance is available from mainly two types of lenders:
  1. Commercial Banks
  2. Non-Banking Financial Corporations (NBFCs)
Different Mortgage or LAP lenders may quote a different rate of interest and provide terms and conditions based on your income, repayment capacity CIBIL score and other factors..
Considering the above factors, you must compare loan rates offered by different lenders to make sure you are getting the best rate of interest on your loan. We at www.Loanserve.in enable you to compare LAP deals from all the leading banks of India on a single platform.
While finalizing a bank or Loan against Property lender consider the following factors:
  • Find out all the cost involved in the loan (processing fees, administrative charges etc.)
  • Pre-payment charges on loan
  • Foreclosure charges on loan
  • Loan amount eligibility
  • Tenure of loan
  • Options of fixed or floating rate of interest
We at Loanserve.in get you the complete information in all your loan requirements and enable you to take a well informed decision while taking the loan.

Lowest Rate Loan against Property
  • Before applying/taking finance, you must compare the rate of interest available from the different banks and NBFCs online on a neutral platform like Loanserve.in (which provides an unbiased comparison for your requirement) to find out the lowest rate available in the market place.
  • Different Banks may offer you different rate for LAP. This will be based on your overall profile (type of employment, annual/monthly income, CIBIL score, etc.). It also depends on the Bank/ NBFC’s cost of funds, lending rate, operational cost of bank (MCLR), etc. If one lender’s cost of fund is higher than the other lender’s cost, then the particular bank may offer you a higher rate than the other, which you may not be aware of.
    Here Loanserve.in assists you to compare home loan offers from 50+ lenders on a single platform. We enable you to find the lowest or best rate of interest.
  • In short, Loanserve.in brings all the leading lenders at a single platform to help you cherry pick the lowest rate loan.

What Should I check before finalizing a Loan against Property/LAP Loan?

Best rate for Loan against Property in India
In India LAP or Mortgage finance is available from mainly two types of lenders:
  1. Commercial Banks
  2. Non-Banking Financial Corporations (NBFCs)
Different Mortgage or LAP lenders may quote a different rate of interest and provide terms and conditions based on your income, repayment capacity CIBIL score and other factors..
Considering the above factors, you must compare loan rates offered by different lenders to make sure you are getting the best rate of interest on your loan. We at www.Loanserve.in enable you to compare LAP deals from all the leading banks of India on a single platform.
While finalizing a bank or Loan against Property lender consider the following factors:
  • Find out all the cost involved in the loan (processing fees, administrative charges etc.)
  • Pre-payment charges on loan
  • Foreclosure charges on loan
  • Loan amount eligibility
  • Tenure of loan
  • Options of fixed or floating rate of interest
We at Loanserve.in get you the complete information in all your loan requirements and enable you to take a well informed decision while taking the loan.
Lowest Rate Loan against Property
  • Before applying/taking finance, you must compare the rate of interest available from the different banks and NBFCs online on a neutral platform like Loanserve.in (which provides an unbiased comparison for your requirement) to find out the lowest rate available in the market place.
  • Different Banks may offer you different rate for LAP. This will be based on your overall profile (type of employment, annual/monthly income, CIBIL score, etc.). It also depends on the Bank/ NBFC’s cost of funds, lending rate, operational cost of bank (MCLR), etc. If one lender’s cost of fund is higher than the other lender’s cost, then the particular bank may offer you a higher rate than the other, which you may not be aware of.
    Here Loanserve.in assists you to compare home loan offers from 50+ lenders on a single platform. We enable you to find the lowest or best rate of interest.
  • In short, Loanserve.in brings all the leading lenders at a single platform to help you cherry pick the lowest rate loan.

What are the different types of Loan against Property/ LAP/ Mortgage Loan available in India?

Types of LAP loan available in India.
Loan against Residential Property
  • A Loan against residential property is the most preferred type of loan given by banks and NBFCs.
  • LAP - residential is always given against a ready residential property - a bungalow or an apartment.
  • Loan amount given in loan against residential property is the highest in terms of loan to valuation ratio (LTV). It can go up to 70% of the market value of the property.
  • LTV ratio may vary for LAP residential on the basis of status of the property, which can be self-occupied, vacant, rented, etc. the loan amount may vary from 50% to 70% of the current market valuation.
  • The rate of interest offered by financial institutes is lowest in this type of LAP. It can be as low as 9.50%.
  • Maximum loan amount for a loan against residential property is 100 Crores.
  • Below is the list of leading lenders offering loan against residential property:
    • Loan Against Residential Property from HDFC Bank
    • Loan Against Residential Property from Standard Chartered Bank
    • Loan Against Residential Property from Axis Bank
    • Loan Against Residential Property from ICICI Bank
    • Loan Against Residential Property from Kotak Mahindra Bank
    • Loan Against Residential Property from Yes Bank
    • Loan Against Residential Property from HSBC Bank
    • Loan Against Residential Property from Deutsche Bank
    • Loan Against Residential Property from Aditya Birla Finance
    • Loan Against Residential Property from Tata Capital

Loan against Commercial Property

  • A Loan Against commercial property is given against a ready commercial property- a shop, office, showroom etc.
  • The loan amount given by a bank or NBFC for loan against commercial property varies from 40% to 60% of the loan to valuation ratio.
  • LTV ratio may vary for LAP - commercial based on the status of the property, which can be self-occupied, vacant, rented, etc.
  • The rate of interest offered by financial institutes for this type of LAP varies from 9.75% to 12.5%.
  • Maximum loan amount for a loan against residential property is 100 Crores
  • Below is a list of leading banks/ NBFCs offering loan against residential property:
    • Loan Against Commercial Property from HDFC Ltd
    • Loan Against Commercial Property from Standard Chartered Bank
    • Loan Against Commercial Property from Axis Bank
    • Loan Against Commercial Property from ICICI Bank
    • Loan Against Commercial Property from Kotak Mahindra Bank
    • Loan Against Commercial Property from Yes Bank
    • Loan Against Commercial Property from Indiabulls Bank
    • Loan Against Commercial Property from Deutsche Bank
    • Loan Against Commercial Property from Aditya Birla Finance
    • Loan Against Commercial Property from Tata Capital
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