Low Interest Rates | Loans up to 10.50 Crores | Tenure of up to 15 years
Whether you own a residential, commercial, or special use property, it is an asset that can be used as collateral against a loan, when you have a financial requirement. Monetary problems pertaining to business expansion, a child’s higher studies, a wedding, or a medical emergency can strike anytime, but they can be settled conveniently if you own a property. You can easily secure a loan by mortgaging your property. A Loan Against Property or LAP is a secured loan obtained by any individual or entity that owns a property in his/her name.
** Terms & conditions apply
Anyone can apply for our loan against shares online, as long as they meet the four basic criteria mentioned below. Also, keep a few documents handy while applying for Loan against shares.
|Type Of Fee||Applicable Charges|
|Rate Of Interest (ROI)||Salaried||Self-Employed||Doctors|
|9% to 14% (Floating rate of Interest) p.a.||9% to 14% (Floating rate of Interest) p.a.||9% to 14% (Floating rate of Interest) p.a.|
|Processing Fees||Up to 3.54% of the loan amount (inclusive of applicable taxes).|
|Document Processing Charges||Up to Rs. 2,360/- (inclusive of applicable taxes)|
|Annual Maintenance Charges||
|Bounce Charges||Rs. 1500 per bounce|
|Penal Interest||Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment outstanding, from the date of default until the receipt of monthly instalment.|
|Stamp Duty||Payable as per state laws and deducted upfront from the loan amount.|
|Mandate Rejection Charges||Rs. 450/- per month from the first month of due date for mandate rejected by customer's bank until the new mandate is registered.|
|Broken Period Interest/ Pre-EMI Interest||
"Broken Period Interest/ Pre-EMI Interest" shall mean the amount of interest on loan for the number of day(s) which is(are):
Scenario 1 : Over and above the period of 30 (thirty) days from the date of disbursement of the loan Method of recovery of Broken Period Interest/ Pre-EMI Interest:
|Mortgage Origination Fees||Rs. 3000/-|
|Property Insight (if availed)||Rs. 6999/- (inclusive of applicable taxes)|
Any salaried or self-employed individual can apply for a Loan Against Property with Cash Dash as long as you meet our eligibility criteria. Your age, employment status and city of residence are other key criteria.
If you are a salaried Indian citizen residing in India, between the age group of 25 years to 70 years, or a 25 years to 70 years old self-employed Indian, you are eligible. Other factors like your income profile, your Cibil Score, etc. are also considered when you apply for a Loan Against Property.
* Terms & conditions apply
Loan Against Property is a secured loan in which you mortgage your property to a lender in exchange for a substantial sanction to cover your expenses. Several factors influence the final loan amount, including the individual's profile and repayment capacity, the property's market valuation, and the lender's loan to value ratio.
You can repay the total sum borrowed over a convenient repayment tenure of up to 15 years*.
The Cibil Score is an important indicator of your creditworthiness. To get a loan against property, it is preferable to maintain a Cibil Score of 700 or higher.
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