Welcome To Enhancer Group

About Loan Against Property

Apply for easy loans against property at lowest rates only with Enhancer Fincorp, the best loan consultancy provider company online. If you own a plot or any other kind of property, you can get quick loan against it. Just speak to our agents and know your loan amount. NRI loans also available.

Immovable property has always been a perfect source of loan for years. You can use this property to raise fast cash. A Loan against Property is a secured loan, in which your existing property is pledged as security collateral against the loan.LAP is also called as the Home Equity Loan.

LAP Benefits with Enhancer Fincorp

  • Take out the value of your existing property and use it in business for higher returns.
  • Option of choosing the repayment mode depending on usage cycle  Eeither Dropline Overdraft Facility or EMI plan.
  • A better and safe product for bank, hence very fast approvals.
  • Loan amount is calculated in market value of the property and not on the book value, hence higher loan amount.
  • Very good options for businessman and corporates as compared to project loans.
  • Very beneficial, in case of bigger loan amount, upto Rs. 100 crores.
  • Low interest rate
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Features and Benefits of LAP

LAP is a useful and quick way of raising cash. If you need funds and you own some property, you can leverage this property to create these funds, without being forced to rent out the property, or sell it.

Loan against property belongs to the secured loan category where the Enhancer Fincorper gives a guarantee by using his property as security. The loan amount you can avail for this loan depends on the value of the property, which you place as your collateral for the loan.

Faster Loan

Faster processing of the loan, generally in few working days, after completion and submission of all the required documents.

Choose your amount

Higher loan eligibility, as income of both company and promoters may be combined for loan amount calculation.

Enjoy the best rates

Low interest rate, could go as low as subject to profile of the customer and banks policy and sanction criteria.

Decide your tenure

Longer tenure of loan for easy repayment. Maximum tenure of upto 15 years is available, subject to bank policy and sanction criteria.

Eligibility Criteria for Loan

Enhancer Fincorp is the best consultancy company that is associated with all the leading financiers and banks around Delhi/NCR and neighboring regions, to render a perfect solution to all your loan needs.

  • The current market value of your property and its current status
  • Your current Income
  • The nature and continuity of your employment
  • Your current obligations i.e. the other installments (EMIs) you are currently paying, the number of credit cards and credit limits you have or use
  • Your past credit history
  • The purpose of availing such loans is also discussed with the lender and may have a bearing on the loan sanction

Age

Maximum age of applicant at loan maturity: 65 years*

Income

Minimum Net Monthly Income: Rs 25,000

Credit Rating

Applicant should have the bank specified credit score.

Check Eligibility Apply For Loan

Documentation

The following documents are required along with your Personal Loan application:

  • Personal Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Home Address proof (copy of passport/voter ID card/driving license/Aadhaar)
  • Bank statement of previous 3 months (Passbook of previous 6 months
  • Latest salary slip/current dated salary certificate with the latest Form 16

Fees and charges

Enhancer Fincorp provide you hassel free and No hidden charges

  • Types of fees

    Charges applicable

  • Rate of interest
    Up to Bank
  • Processing fees
    Up to Bank
  • Loan statement charges
    Nil
  • Interest & principle statement charges
    Nil
  • EMI bounce charges
    Up to Bank
  • Secure fee
    NA

*Service Tax and other Government taxes, levies etc. applicable as per prevailing rate will be charged over and above the Fees and Charges

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Frequently Asked Questions

We are almost ready with your Frequently Asked Questions. Already we answered all question please check below may i will help to you.

You can start the process of applying for a Loan Against Property (LAP) in any of the following ways:

  • Compare offers from different banks
  • Check your eligibility basis the income and current loans being serviced
  • Apply online with multiple banks, to assess the best & competitive loan offers

From the day an application is being given, banks usually take about 4 – 5 working days to disburse the loan. This is subject to complete information & documentation given at the time of the application.

A Loan Against Property (LAP) has many advantages over a Top-up Loan. They include:

  • A Higher Loan Amount: Typically, an LAP may offer a higher loan amount than a Top-up Loan.
  • Avail of Different Property: While an LAP can be availed of against a different residential or commercial property than the one for which the loan was originally taken, a Top-up Loan may only be taken against the property already in question. This flexibility allows you to both avail of a higher loan amount and spread your liability.
  • Longer tenure: An LAP can be availed for a long term than a Top-up Loan.

Loan Against Property can be availed for a self-occupied residence or a commercial property.

You can get a Loan Against Property from Rs. 2 lakhs to Rs. 500 lakhs. Some of the factors that banks consider when deciding a loan amount are:

  • The property’s registration
  • The property’s market value
  • Your requirement and eligibility
  • Your income and repayment capacity

Yes! Some banks structure Loan Against Property either as a Term Loan with an EMI repayment option or as a Drop-line Overdraft Facility.

Yes! Banks provide LAPs for salaried NRI customers.

Along with your application you need to submit the following documents:

  • Proof of residence
  • Proof of identity
  • Certified/latest financial documents
  • Copies of all property documents

If someone is the co-owner of the property in question, it is necessary that he/she also be the co-applicant on the loan. You may also consider adding your spouse or parents or children as co-applicants to boost the eligibility on your loan.

Yes, banks charge a non-refundable processing fee for every LAP application. The processing charge to avail a Loan Against Property is up to 1% of the loan amount plus service tax as applicable.

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Get quote easily just fill the below form and our one agent will contact you in 24 hours.

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