Loan Against Property (LAP) is a financial product that allows individuals to borrow funds by mortgaging their assets, such as residential, commercial, Industrial, and Institutional property. It offers a convenient and efficient way to access funds for various end use purposes, such as business expansion, family needs, higher education, Emergency medical expenses, Investment or debt consolidation.Apply Now
INRPLUS offers a wide range of loan amounts to cater to the different financial needs of our customers. Whether you need a small amount for home renovation or a large sum for business expansion, Industrial property, commercial property, residential property, schools, hospitals, diagnostic centers, Godowns, Approved, Un-approved or Municipal property etc. we have got you covered with Lap services.Apply Now
We understand that interest rates play a crucial role in loan affordability. That is why we offer reasonable competitive interest rates on our Loan Against Property. By choosing INRPLUS, you can make the most of your investment while minimizing the financial burden through debt consolidation.
We understand that every individual's financial situation is different. That is why we offer flexible repayment options on our Loan Against Property. You can choose the tenure that suits your budget, ensuring that you can make timely repayments without straining your finances or any other future goals.
Our streamlined loan application process ensures that you receive a decision on your Loan Against Property application within the shortest possible time, sometimes it depends on the documents or vary as per the situation. Our dedicated team ensures that your loan application is processed quickly and efficiently, minimizing any delays and get it approved in single attempt.
At INRPLUS, @teaminrplus is committed in providing you with the highest level of customer support. Our dedicated team of experienced professionals is available to address any queries or concerns you may have throughout the loan process. With a wide range of features, competitive interest rates, flexible repayment options, quick and hassle-free approval processes, maximum collateral-value loan, transparent lending practices, and dedicated customer support, INRPLUS offers the perfect Loan Against Property solution for your needs. Choose INRPLUS and unlock the financial freedom that you required.
Every individual wants to avail Loan from prime banks or nbfc’s with minimum threshold of ROI. But due to non-availability of map and unorganized construction many primary banks refuse to fund these colony properties. At the other end there are many Banks and NBFC’s out there in the market, which offers very attractive Loan deals for them. INRPLUS helps you to get your dream loan and facilitate with the best loan services.
Borrowers who own rented properties can also avail loan against property, provided they have a valid rental agreement with the tenants. Lenders assess the rental income derived from the property to determine the loan amount and evaluate the borrower's repayment capacity. Cash and Banker transferred rents both will be considered as per criteria. So, there is no issue if someone not getting their rents in bank. Only you need to submit the rent agreements and bank will verify their rentals by sending verification agencies at the rented property.
Loan Against Industrial Property is a financial product specifically designed for borrowers who own industrial properties. It allows them to raise funds by mortgaging their industrial assets for various purposes, such as business expansion, working capital requirements, or purchasing additional properties.
We provide loan against property facilities for approved areas such as DDA flats, Society flats, Approved Builders floors, Plots, Floors, or independent buildings. You can apply at INRPLUS to avail Loan upto 75% - 100% of Market Value. These areas have been carefully selected to ensure the safety and security of the property, making it a suitable option for collateral.
Our Loan Against Property (LAP) program is specifically designed to cater to individuals with various types of properties, including those located in regularized colonies, un-approved property with registry, local builder floors, municipal colonies, Lal-Dora properties, Khasra-khatauni, multiple dwelling units, and amalgamation properties. You can also avail loan up to 75% - 85% of Property Value.
The eligibility criteria for loan against property may vary from lender to lender. However, some common criteria may include:
Loan rates are based on your Cibil score, your property, and your financial health. Cibil Score – A good cibil score helps to get best ROI among the industry. A low cibil will attract additional interest rates due to funding policy
Property – Property criteria also plays very vital role in deciding rate of interest. Approved and properties with map will help you to get lower rates while un-approved, regularized, Lal-dora and other kind of properties will be charging additional ROI. Although the additional ROI will be again not that much. In comparison to Prime property loan rates these other property loan rates are marginally higher.