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Loan against Property (LAP)-for Individuals
Purpose : Loan against Mortgage of Residential House / Flat.
i)   Children´s Education / Marriage
ii)   Children´s Education / Marriage
iii)   Purchase of another Property.
iv)   Business Expansion.
Loan Amount : Min Rs.2,00,000/-
Loan Term : Maximum 15 years
Disbursement Of Loan : Equated Monthly Installments (EMI) - Monthly Rest Basis.
Security : 1. Equitable / Registered Mortgage of Residential Property - Age of property not more than 35 years.

2. Demand Promissory Note.
Upfront Fees : 1.00% of Loan Amount + Service Tax, as applicable.
This scheme is applicable to Resident Indians only.
 
 

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