How to Avail Loan Against Property without Income Proof
Loan Against Property (LAP) for your personal or business needs can be availed from Banks and NBFCs. Customer can both residential and commercial properties can be mortgaged for availing a loan against property. Now a days Banks provides a smooth & hassle-free LAP to both salaried and self-employed individuals. HDFC Bank’s Loan Against Property is a simple solution to your financial needs.
LAP (Loan Against Property) can be taken against a fully constructed, residential, commercial, or leased property. The interest rate for a Loan Against Property can be fixed or floating based on your needs. The terms of the loan are flexible and will depend on the purpose for which the property is being used. Loan Against Property can help you finance capital growth, service working capital requirements, and consolidate debt.
1. Loan Against Property Interest Rate
Loan Against Property is a secured loan this loan is also known as Mortgage loan. Interest Rate for Loan Against Property
LAP Interest rate typically range from 8.50% to 18% per years.
HDFC Bank offers Interest rate on Loan Against Properties between 9.50% to 11.00%. Rate of interest calculated using Policy Repo Rat +Banks Margins. Current Policy Repo Rate is 6.50% and Margin is charges basis CIBIL Score , Loan Amount , Loan Tenor and other financial or income eligibilities. Margin rate vareis from 3.00% to 4.50%.
Policy Repo Rate* + 3.00% to 4.50%= 9.50% to 11%
*Policy Repo Rate- 6.50%
Loan Against Property Interest Rate and Offers
| Self Occupied Residential Property | 8.95 – 9.95 |
| Non – Self Occupied Residential Property | 9.25 – 10.25 |
Retail Prime Lending Rate(Non Housing): 12.20%
| Commercial Property | 9.25 – 10.25 |
2. Loan Against Property EMI Calculator
3. (LAP) Loan Against Property Eligibility
Loan Against Property Documents required
Loan Against Property Documents required
ICICI HFC Loan Against Property (LAP) can be taken against a fully constructed, residential, commercial, or leased property. The interest rate for a Loan Against Property can be fixed or floating based on your needs. The terms of the loan are flexible and will depend on the purpose for which the property is being used. Loan Against Property can help you finance capital growth, service working capital requirements, and consolidate debt.
You can also avail our Micro LAP in case you need a lower value loan
