Loan Against Property
At RVS Fin Services, we offer Loan Against Property (LAP) services designed to help individuals and businesses unlock the potential of their property to access funding. Whether you are looking to meet personal or business financial needs.
About Loan Against Property
A Loan Against Property (LAP) allows you to borrow money by pledging your residential or commercial property as collateral. It is a secured loan, meaning the loan is backed by the property you offer, which typically results in higher loan amounts, lower interest rates, and easier access to funds.
Why Choose Our Loan Against Property Services?
1. Quick Approval & Disbursal:We understand that time is of the essence. Our loan processing is quick and efficient, ensuring that you receive the funds you need in as little as 5–7 business days.
2. Higher Loan Amounts:With the property as collateral, you can borrow higher loan amounts based on the market value of your property.
3. Attractive Interest Rates:Enjoy competitive interest rates that make repayment easier and more affordable.
4. Flexible Repayment Options:We offer customized repayment plans that suit your financial situation, including flexible EMI options.
5. No Prepayment Penalty:There are no prepayment penalties, allowing you to pay off your loan early without any extra charges.
Get Financing for whatever you need now
Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.
Property Evaluation
We begin by evaluating the market value of your property through a professional assessment. The loan amount is determined based on the value of the pledged property.
Loan Offer
Based on the asset value and your financial needs, we provide you with a customized loan offer, outlining the terms, interest rates, and repayment structure.
Document Submission
Submit the necessary documents such as identity proof, address proof, income proof, and property documents for verification.
Verification & Approval
Once your documents are verified, and all conditions are met, your loan application is approved.
Features of OurLoan Against Property
- Large Loan Amounts: Borrow significant amounts based on your property value.
- Lower Interest Rates: Since the loan is secured by your property, interest rates.
- Retain Ownership: You retain full ownership of the property while still using it to secure the loan.
- Multiple Uses: Use the funds for personal needs, business expansion, debt consolidation.
- Longer Repayment Tenure: You can choose from longer repayment tenures.
Get Financing For Whatever You Need Now
Eligibility Criteria
- Age: The applicant must be between 21 and 65 years of age.
- Property Ownership: You must be the legal owner of the property you wish to pledge.
- Income: A steady source of income, either from employment or business, is required.
- Credit History: A good credit history can improve your chances of approval.
Documents Required
- Identity Proof: Aadhaar Card, Passport, Voter ID, Driver’s License, PAN Card
- Address Proof: Utility Bills, Passport, Bank Statement, Rent Agreement
- Income Proof: Salary Slips, Income Tax Returns, Bank Statements, Form 16
- Property Documents: Title Deed, Property Tax Receipts, Sale Agreement, Registered Agreement
How to Apply?
- Fill Out the Application: Complete the online loan application form on our website or visit our nearest branch.
- Submit Your Documents: Provide the required documents for verification.
- Property Evaluation: We will assess your property’s market value.
- Loan Offer: Receive a customized loan offer.
- Sign the Agreement: Once you agree to the terms, sign the loan agreement.
- Loan Disbursal: After approval, the loan amount is disbursed to your account.