Loan Against Property (LAP)

LAP is used to Leverage an Existing Property as a Collateral and Raise Money against it for Multiple End Use such as Business, Debt Consolidation or Personal expenses.

Loan Against Property (LAP) - Fast Track Money

LAP is largely used by Business Men. One would have to declare the end use of the Funds however; the same is not restrictive provided the purpose is constructive and legit. Most lending bodies offer loans for terms of between 10 and 15 years and funding is 40-60 % of the market value of the property, depending upon type – such as Residential or Commercial. In this product, Over Draft Facility is also available.

Opportunity to compare and choose the best lenders online for your loan against property loans online at Homeandloan.co.in. We will recommend you the best lender based on your requirement.

Why Apply for a LAP with FTS

Widest range of lenders available for your choice with customized offers.
Most experienced and empowered personnel to ensure smooth & easy processing.
Customized offers with Accurate Calculation of eligibility
Fantastic Rewards Platform as an added advantage
Transparency: Aimed at helping you make the right choice, we provide objective and transparent information about your loan options.
Privacy: Your application is sent only to the lender you choose, and is never shared with anyone else.

DOCUMENTS REQUIRED FOR LOAN PROCESSING:

For Salaried:

Photo(2 each of all applicant and co-applicants)
PAN card copy (of all owners)
Residence address-proof of yours & relationship proof with the co-owners (Passport/ Driving license/ Landline or mobile bill etc.)
Latest 3 months' salary slips
Latest 6 months' bank statement reflecting 6 salary credits and existing EMI credits.
Last 2 years' Form 16 / IT Return
Existing loan EMI sanction letters & repayment track / Emi reflected bank statement of last 12 months(if applicable)
Initial Processing Fee cheque in favour of chosen bank.

For Self-employed:

Photo(2 each of all applicant and co-applicants )
Residence address proof of applicant & relationship proof with the co-owners (Passport/ Driving license/ Landline or mobile bill etc.)
Last 3 years’ personal ITR & balance sheet
Last 3 years’ company ITR & balance sheet with P/L a/c along with auditor's report and shedules
Office address proof(trade license copies)
Last 6 months' personal savings & current a/c statements
Any other loan EMI details & repayment track of last 12 months(if applicable)
Processing fee cheque in favor of whichever bank you choose.

Property Documents Required

Title Deed [Photocopy of originals] / Chain of title deeds if its resale property
Khata / Property card
Occupancy certificate.
Approved Plan of Building
Share certificate copy ( If applicable)
EC [Nil Encumbrance certificate] ( If applicable )

Client Satisfaction

Our customers can gain several benefits after consulting LKD for various finance services. Some of the many advantages are clients can avail are as follows:
On Spot attention to the requirement
Dispersal of financial assistance (24 hours)
Dispersal of machinery assistance (24 hours)
Assistant for General and life insurance and Investments