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At The Nest Guru, we offer Loan Against Property (LAP) services to help you leverage the value of your real estate for financial flexibility. Whether you need funds for personal reasons, business expansion, or any major financial need, a loan against your property can provide the solution with competitive terms.
At The Nest Guru, we’re committed to helping you turn your property into a source of financial empowerment. Apply for a Loan Against Property and unlock the potential of your assets.
A Loan Against Property is a secured loan where you mortgage your residential, commercial, or industrial property as collateral to avail funds. The loan amount is usually a percentage of the property's market value and your repayment capacity.
You can use:
Funds can be used for:
The loan amount generally ranges from 40% to 90% of the property’s current market value, depending on the lender’s policy.
Eligibility varies, but generally includes:
Typical documents include:
Repayment tenure can go upto 15 years, depending on the loan amount and borrower profile and age.
Interest rates vary based on:
Yes, most lenders allow prepayment or foreclosure, though some may charge a fee.
If you fail to repay, the lender has the right to take legal action and auction the mortgaged property to recover dues.
If you have more specific questions or need further information on a particular aspect of business loans, feel free to ask us – The Nest Guru!