KreditMudra

Unlock the Value of Your Property with Kredit Mudra LAP Loans

What is a Loan Against Property?
A Loan Against Property (LAP) is a secured loan where you pledge your residential or commercial property as collateral to obtain funds. It’s a versatile financial solution that can help you meet various needs, whether it’s business expansion, debt consolidation, education, medical emergencies, or home renovation.
Types of loan.
Loan Against Property Commercial /Residential Property – Typically used for business expansion, working capital requirements, purchasing new business equipment, personal needs like education, medical expenses, home renovation, or family weddings.
Loan Against Special category Property (School, College, Hospital, Warehouse, PG Property or multi-unit property)- Can help you meet various needs, whether it’s business expansion, debt consolidation.

Top-Up Loan Against Property- Can be used for any personal or business needs, providing extra funds on top of the existing loan.
Balance Transfer Loan Against Property- Helps in reducing the overall interest burden or increasing the tenure to manage loan repayments more efficiently.
Loan support for construction of commercial property- Can be use to construct the commercial property for business use or to lease out to others for rental income.

Benefits       1. Lower Interest Rates- Lower interest rates reduce your overall cost of borrowing, making your monthly repayments more affordable.       2. Higher Loan Amount- Suitable for large expenses such as business expansion, education, medical emergencies, or home renovation.       3. Higher Repayment Tenure- Longer tenures translate to smaller monthly instalments, easing your financial burden and helping you manage cash flow better.       4. Multipurpose Use- You can use the funds for any personal or business needs, giving you flexibility and freedom to allocate resources where they are most needed.       5. Retain Ownership- You continue to retain ownership and usage of the property while using it as collateral.

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