A convenient way to get money or meet your personal needs by using your assets as collateral for availing loans. At Lending Bull, we help you leverage your assets to meet your needs.
Let your property get you a quick and hassle-free loan
Loan Against Property is an advance given against your house, business space, industrial property or even plot. We are the one who provides Loan Against Property in Delhi. If all the area titles are set, you have a salary and you are eligible, then this is a less expensive loan option for you to avail loan against property in Delhi. Despite the fact that the rate of investment on this advance is higher than that of a home loan, it is less expensive than a personal advance or loan against collateral. Unsecured loans are given for an accelerated time period, usually five to ten decades. The property has to be occupied for a particular period, which varies depending on the state.
LAP is a type of loan in which the borrower uses the equity of his home or other property as collateral. It can be processed by pledging any property that is legally in the name of the loan applicant and is created in accordance with the regulations of the local designated authority for property registration. The loan amount is determined by the appraisal of the property, and the value of the property is determined by an appraiser from the bank or NBFC. Loan Against Property (LAP) is often used to finance major financial needs such as business expansion, higher education, weddings etc. We provide a range of easy loan options based on your requirement and help you apply for Loan Against Property in Delhi NCR. in a hassle-free manner. We would be happy to be your chosen Loan Against Property agent in Delhi and other cities!
Loan against property eligibility criteria include good to excellent credit history, reasonable loan-to-value and combined loan-to-value ratio. Property market valuation and borrower record are the two fundamental standards here, again CIBIL assumes a significant part. We are your best loan provider on property in Delhi and will help you understand the process. What is CIBIL Rating ?
CIBIL Report is also known as CIR-Credit Information Report. It is a numerical expression of your creditworthiness; the credit score ranges from a numerical 300 to 900. The closer you are to the 900 numbers in the CIR, the better it is, it means you have better ability to repay the loan taken by you and the credit institutions will be less risky with your loan investment ion. However, if you have a lower numerical rating then the risk to the financial institution increases and hence the interest rate, they can charge will be higher and the loan amount they will offer will be lower. Some of the major factors that affect your CIBIL rating are age group, residence address, source of income, property owned, loan repayment capacity, company you are employed in, past credit history, current credit score, current debt and liabilities. Status, Credit Card Outstanding Status. If your current liabilities exceed your assets and income sources, you will be eligible for at least the maximum loan amount. If you have low liabilities and high-income sources with good repayment track then you will be eligible for higher loan amount.
Hope the above information will be helpful to you in having a basic understanding of the various terms and requirements related to Loan Against Property (LAP).
We have a team of experts to assist you with your specific location and requirement, so please contact us through the numbers mentioned in the Contact Us section and let our loan agent help you on your loan needs and get the property. Will be happy to assist you in getting easy loan., We would be happy to be your chosen Loan Against Property agent in Delhi-NCR and other cities!
We have a team of experts to assist you with your specific location and requirement, so please contact us through the numbers mentioned in the Contact Us section and let our loan agent help you on your loan needs and get the property. Will be happy to assist you in getting easy loan., We would be happy to be your chosen Loan Against Property agent Delhi and other cities!
