At Primevantage, we understand your urgent need for finances. Tailoring the best loan against property options from premium banking and non-banking institutions, we ensure fast LAP approval with minimal documentation. Offering a robust response to your immediate needs of consolidating debts or paying extensive medical bills, we even help you avail a loan against property without income proof and ensure competitive LAP interest rates between 8%-25% p.a. Guiding you to the right financial path, we at Primevantage furnish flexible repayment options via a comprehensive and comparative EMI analysis.

Loan Against Property: Features and Benefits

Following are the key features and benefits of a loan against property:

• A loan of up to 70% of the property’s market value is offered.
• Flexible repayment terms make the loan against property rates competitive.
• Facilitates easy repayments through small monthly instalments.
• Quick processing, usually 3 to 4 days with minimal documentation.
• The applicant’s age must be between 21 years to 65 years old.
• Flexible repayment tenure up to 20 years.
• Is available on plots, residential property and commercial property.
• Lower interest rates, starting from 11 percent.
• A loan amount of INR 5 lacs to INR 7.5 crores can be offered based on the property’s market value.
• No additional collateral is required. 
• Availability of balance transfer on the existing loan.
• Minimal prepayment penalties may vary from one bank to another.