Loan against property transfer can be conducive to recede your financial afflict. Mortgage market is dynamic, because of this, interest rates alter with time. Also, bank devises theory and design contemporary products to serve more locations and borrowers in their locale. This market dynamism gives you an opportunity to balance transfer LAP to better rate of interest. With LAP transfer you can reduce EMI or opt for lower repayment tenure.
It is quite possible you had limited choices when you took a LAP from your existing institutions. It can be because of different aspects. First of these can be the location or type of mortgage for the loan. When you took loan, fewer institutions might be offering services to your property. But now, numbers of financial institutions are increasing, even the existing ones are changing policies and products. This gives you a perfect opportunity for LAP transfer to lower interest rates.
Some time borrowers may be forced to take the loan at higher rates due to special conditions. These conditions may include bad CIBIL score and non-availability of income documents. But your repayment record for some period can be helpful for loan against property transfer to another bank with lower rates.
Need for extra funds can be an important reason for LAP loan transfer. A LAP top-up loan is a multipurpose loan that can have many uses. You may want to use it for investing in your business. You can even use it for personal purposes like marriage, child’s education, renovation and expansion of the property, etc.
Few customers also use it for consolidating small loans. Borrowers can transfer credit card, car loan, and personal loan outstanding to LAP top-up loan. Benefits of availing LAP loan top up over credit card or personal loan is lower rates and longer tenure.
Your bank may deny you all the benefits of LAP loan top up due to policies of your existing bank. But we deal with a wide variety of banks and NBFCs, so we are well aware of their policies. With our experience and contacts, we can help you get a LAP balance transfer and top up at an economical ROI.
Your existing bank may not offer you a loan above certain LTV of property. It can be 60-65% of property value. With us, you can get significantly high amounts in LAP BT and top up. Because few institutions offer LTV as high as 100% on self-occupied residential property. Even for commercial and industrial property, you can secure extra money as a top-up loan.
Being an independent loan coordinator, we deal with most of the top institutions. This gives our customers an advantage to avail loan basis of different income types. While your bank may deny loan against property top-up because of no strong income documents. But with our contacts from mainstream financial institutions, we can provide a good top-up amount. We coordinate loans from many leading banks and NBFCs which offer BT and top up LAP on relaxed income norms. With this in place, you have significant eligibility for a LAP loan top-up. Basis of your repayment track record, we can get you LAP BT with top-up even without income documents.
When you apply a LAP transfer to another bank we provide you the best ROI. ALAP loan transfer with us helps you save massively in your interest payment to the bank. We offer the most attractive interest rates from the bouquet of top banks and NBFC. With our experience and contacts with leading banks, we assure you the lowest LAP transfer interest rates.
Joy Loan is an independent and unbiased loan consultant in Delhi NCR. We work with the customer at the center of our thought. So we work on the problem of the borrower rather than promoting a specific bank. Because of this, when you apply BT LAP with us, we do an in-depth analysis of your profile and property that you offer for a mortgage. With the extensive study, we find the most attractive deal with reduced rates that save you money.
Moreover, a BT and top-up LAP help you save even more if you have a few other loans running at higher rates. Interest rates on business loans and credit card dues can be 20% or more. On the other hand, LAP loan rates start from 9.5%. You can consolidate your high rate business loans, or credit card balances to lower interest rate of LAP BT and top up.
If you are looking for the best bank for LAP transfer, you must know, One shoe does not fit all. For a customer, the best bank is one that offers a convenient and attractive deal on BT LAP. As all borrowers and properties are different, so there are different solutions to everyone’s needs. That is why Joy Loan helps you identify the best bank for LAP transfer along with excellent offers. We provide comprehensive support to borrowers to get a loan from dominant mortgage players e.g. SBI, HDFC, Axis Bank, and ICICI Bank, etc. to name a few.
The LAP BT process from one bank to another is simple which generally takes 10-15 days. In this, the new bank makes payment to your existing bank for the outstanding loan amount. After receiving payment, your existing bank closes your loan and gives original property papers to the new bank.
The LAP BT process and top up takes roughly 30 days because releasing of documents from your old bank takes additional 10-15 days. After full payment to your existing bank, your running loan gets closed. Then your new bank's advocate will collect property paper and deposit them to the new bank. After receiving original property papers, they will release the top-up loan in your favor.
Joy Loan provides you complete support for your mortgage loan BT/LAP take over. We provide fast doorstep service in Delhi NCR for mortgage loans. For no problem loan, we provide high priority service so you get timely disbursement of your loan. We have been helping people like you in their LAP BT quick processing.
We are a local and experienced mortgage coordinator in Delhi NCR. We have helped hundreds of people like you in their mortgage loans. For your loan against property take over you can rely on us for the best loan offers. We provide loan BT offers from leading banks and NBFC. We are well known for best loan balance transfer at lowest interest rates. Apart from LAP BT, we are highly metonym to provide you LAP loan top up on various profiles and property.
So if you want the most exciting loan deals, you have enough reason to apply online right now. A LAP transfer with us will cut your cost and boost your profits.
Now is the time to take advantage of unmatched LAP transfer offers from Joy Loan