Loan Against Property (LAP) is the fund obtained by mortgaging either the residential, commercial or industrial property. The loan is available at your disposal in critical financial situations like:
LAP is known by several variants like Term Loan, Secured Loan, and the Mortgage Loan. It is a multipurpose loan that also provides an easy funding route in conditions like planning higher education of your child or marriage or to grab an opportunity that is worth every rupee.
If you want to reduce the rate of interest of your existing LAP, Joy Loan is here to help. Along with loan transfer, you can get a top-up at high LTV (loan to property value ratio), which can be as high as 100% of your property value. For a top-up, your repayment track record and other income assessment methods can work beneficial for you e.g. liquid income assessment and average bank balance, etc.
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Joy Loan is the premium property loan agency and consultants in Delhi, NCR. We have several years of experience in managing and arranging property loans on a short call.
Whether you need a loan against residential property, industrial property, or commercial property, Joy Loan will help you to avail it on attractive ROI. We have every resource to offer you loan against property on flexible interest rates and tenure. Basis of your need, LAP has a Flexi loan facility, which is advantageous for you to make a withdrawal from available pre-sanctioned loan. And the more exciting part is that you always have the option to repay the loan on property before the completion of tenure.
LAP is not a loan, but the rightful means that would take you towards the fulfillment of your aspirations. It offers you benefits which are much more in comparison to personal and business loans that come on high-interest rates and moreover have shorter tenures on loan. Since the loans dispensed against property are available on low-interest rates and much higher loan tenure, the amount you get for disbursal is quite huge.
Loan against property is readily available to the salaried class, self-employed professionals, partnership firms as well as private limited and limited companies. The loan value falls in the range of 5 Lacs and 25 Crores, and even more basis of merit in your case. Make sure you check your eligibility criteria. The property loan is ascertained after property evaluation, assessment of your sources of income, credit history, age of the borrower as well as the repayment capacity.
Loan against property is subjected to approval base on terms and conditions of financial institutions. The loan is materialized only after analysing and evaluating the proprietary documentation provided to the lending institutions by the prospective borrower. On many occasions, you may also become the trap of loan sharks, who charge huge advance fees in the name of consultancy, but the results come to a dead end. Therefore, prospective borrowers should heed to the caution at all times, when they apply for a loan against the property.
Joy Loan, the Delhi, NCR based property loan consultant is your friend in need, working out loans by exercising due diligence. We are not going to charge an upfront fee for our services. We take our one-time nominal consultancy fee only after the sanction of loan.
We work as LAP consultants who help from application to disbursement of your loan. We are a connecting link between you and the lending institution. At Joy Loan, we arrange hassle-free loans, which means your loan application is processed in less time frame and convenience. These loans are arranged from either a premium bank or a reputable NBFC, and this gives you the satisfaction that your request for loan against property is serviced by competent authorities.
By virtue of our professionalism and experience, we guarantee you LAP on a comparatively lower ROI than our competitors. Joy Loan works out cheapest and the best property loans with the help of a secured EMI calculator. Our expertise help to get you higher LTV (loan to property value percentage) on all property type to help you achieve your aspiration.
It is the opportune time to arrange a call with one of our loan executives, right away!