Loan against Property is primarily used for Raising Money for Business Expansion, Short- term Working capital requirement, Scheduled Expenses such as Marriage, etc.

It is a Secured Loan in which one’s existing Property is mortgaged to raise funds from a Bank or a Financial Institution. The Best part is that the Loan is extended on the Current Market Value of the Property. Also, varied types of properties can be used such as land, Industrial property, Ware House in addition to Residential and Commercial properties.

My Home

With time, the valuation of the property raises and one can use a LAP to unleash the value locked in the asset. With the Positive Economic Cycle in the Country, “ACCHE DIN”, Businesses need easy access to Cheaper Funds for their Expansion Plans to ensure they capitalise on the Fantastic opportunities. Their Biggest Asset is the Property; this is the right time to utilize the same for Funds.

It has its own distinct advantages in terms of Pricing; the Rate of interest is lower than personal loan or loan against any security such as shares, gold etc. The entire Interest Paid Component can be claimed as Business Expense to avail Tax Benefit.