Loan Against Property

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Know All About Loan Against Property

What is Loan Against Property?

Loan against property (LAP) means a loan that is given or disbursed against the property. The loan is disbursed at a certain percentage of market value of the property, usually around 50% – 90%. Loan against property is the part of secured loan category where the borrower issues a guarantee by using property as security.


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Documents Required For Loan Against Property

PAN CARD/PASSPORT

PROCESSING FEE CHEQUE

BANK STATEMENT

CREDIT SCORE

AADHAR CARD/PASSPORT

COPY OF PROPERTY DOCUMENTS

LAST 3 YEARS BALANCE SHEET

LATEST OD/CC SANCTION LETTER

INCOME TAX RETURN OF LAST 3 YEARS

PROOF OF BUSINESS

PROFIT & LOSS STATEMENT


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