Phone:
9555484633
Email:
info@askaca.co.in
Download Pdf.
LAP Mortgage
Loan against property is one of the most useful financial tools available for businesses these days. There are a lot of expenses involved in running a business. Requirement of funds occurs at various stages of business operation. When the amount of funds required is big, one of the best options for financing is loan against property.
Getting a Mortgage Loan on the property is a lengthy and cumbersome procedure. A lot of aspects need to be valued and a lot of documents need to be presented and proposed to the creditors. We have vast experience with providing reports and valuations for companies to get a loan against property for various purposes. We would love the opportunity to serve as a leading associate to prepare and present your case to secure a loan against property.
Types of LAP
There are various types of loan against property options. This could include loan against self-owned property, self-owned residential property but given on rent, self-owned commercial property, self-owned piece of land, etc. Procedures for applying loans vary for each type of loan and the success of getting a loan depends on the proposed documents.
Why Choose Us
We are financial experts at getting loans and have a vast experience with it. We have prepared loan applications and related documents for hundreds of Companies. We have been able to secure the loan against property for various companies.
Technicalities Involved
A bank or creditor takes into account various factors and tools to analyse your loan application. It is very important to present facts in a prescribed manner to easily process the formalities and avail the loan. A loan is given at approximately 65% of the value of property. The tenure usually varies around 15 years and the interest on the loan is usually between 12 to 16%.
Assessment by Authorities
The qualities that disperse the loan analyse a variety of factors and do not give loan just on the basis of value of property. They will carefully examine income statements, property valuation documents, purpose of loan, business history, balance sheets, etc. A Combination of all these factors make a good loan proposal and we have been making such proposals from many years.