A mortgage is a loan from a bank or other financial institution that helps a borrower purchase a home. The collateral for the mortgage is the home itself, meaning that if the borrower doesn't make monthly payments to the lender and defaults on the loan, the bank can sell the home and recoup its money.
LAP interest rate calculator helps you get the approximation of the loan amount you are eligible for and the interest rate at which you can borrow the loan against your commercial or residancial property. The rate of interest for the loan is depends on the customer’s profile, which covers company name, salary, cibil history, etc.
Below mentioned are the top leading lenders providing LAP at lowest interest rates, features and benefits:
Any individual employee / professional & self-employed and other can apply for Loan Against Property with State Bank of India. Loan should be liquidated before the age of 70 yrs of the borrower.
Loan against property Interest rate: 9.50% onwards
Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Nulla mollis dapibus nunc, ut rhoncus turpis sodales quis. Integer sit amet mattis quam.