Myth 1 – Only the Wealthy Can Access LAP It’s widely believed that Loan Against Property (LAP) is only available to the rich. This is not true. In reality, anyone who owns a residential, commercial, or even industrial property—regardless of income level—can apply. Leading Indian banks like HDFC and SBI offer LAP with minimum property...
For many Indian business owners and professionals, a Property Mortgage Loan represents one of the most powerful financial tools available. It allows you to unlock the hidden value of a significant asset—your property—to secure the capital you need for a variety of purposes, be it business expansion, personal expenses, or a new investment. While the...
Why Property Type Matters for LAP Approval The type of property affects Loan-to-Value (LTV), valuation procedures, interest rates, and eligibility. Commercial or lease rental properties incur a different underwriting standard compared to residential homes due to income potential. HDFC’s LAP page allows both residential and commercial properties with varying LTVs. ICICI HFC provides lending against...
Experiencing a personal loan rejection can be a frustrating and confusing moment. You’ve gone through the effort of gathering your documents and preparing your application, only to be told “no.” Instead of viewing this as a final judgment on your financial health, consider it a valuable opportunity. A rejection is a signal from the lender,...
Securing a Loan Against Property Without Income Proof can feel like an uphill battle for many Indian business owners. Traditional lending institutions often rely heavily on formal income documents like salary slips and tax returns, which don’t always reflect the true financial health of a self-employed individual or a growing business. This guide is specifically...
When you’re navigating large financial decisions like purchasing a home or unlocking liquidity from your assets, understanding the right loan product is crucial. Two popular choices for Indian borrowers are Home Loans and Loan Against Property (LAP). While both are secured loans, they differ in purpose, benefits, risks, and flexibility. In this comprehensive guide, we...
Taking a Loan Against Property (LAP) can be a powerful way to unlock capital using your residential or commercial property. But one key decision borrowers often overlook is choosing the right interest rate type — Fixed or Floating. Each has its own pros, cons, and suitability depending on market conditions and your financial planning. In...
Navigating the tax landscape for a Loan Against Property (LAP) can be tricky, as its tax treatment depends entirely on how you use the borrowed funds. Unlike a home loan, where the purpose is pre-defined, a LAP offers flexibility, but with that flexibility comes the responsibility of understanding the rules. Here’s a breakdown of the...
For many Indian business owners and self-employed professionals, a strong financial profile is key to securing crucial funding for business expansion, working capital, or personal needs. While a strong CIBIL score is often seen as the primary gateway to credit, a low or non-existent score can feel like a major roadblock. This is especially true...
When you’re in urgent need of a large amount of funds, whether for expanding your business, covering medical emergencies, or managing educational expenses, opting for a Loan Against Property (LAP) is one of the smartest financial moves you can make. Among the many lenders in India, the SBI Loan Against Property stands out due to...
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