Loan Against Property in Hubli. Do you own a residential, commercial or Industrial property, if Yes, then Loan Against your Property is best suited to fulfill your business or personal needs. This type of loan can be availed by salaried and self-employed individuals. Loan Against Property can be used for Business Expansion, Working Capital, Personal Expenses etc…
Given the capital appreciation in property value over a period of time, it’s ideal for business to borrow against the property for various business needs.
“Our favorite holding period is forever”. Warren Buffett
Advantages of LAP (Loan Against Property)
LAP mostly used for the below purposes from businesses:
For Business Expansion
As an Alternative to Working Capital Loans
Leverage an unutilized assets to expand and growth business
LAP offers longer tenures of repayment leading to better repayment schedule
Very competitive interest rates
Great way to consolidate the debt
FAQ’s on Loan Against Property
Eligibility Criteria
Your eligibility depends upon your repayment capacity as determined by Banks and NBFCs. Things like your income, age, qualifications, number of dependants, spouse’s income, assets, liabilities, savings history, stability, property value and continuity of occupation are considered while computing your eligibility.
To access the initial eligibility below documents are required:
Property documents
Latest Bank Statement showing income for the past 12 months
Last three years Audited Financials
If you have the above documents ready and seeking a Loan Against Property to fulfill any of your business or personal goals do contact us , we would be happy to help you: Apply for Loan Against Property in Hubli
