Loan Against Property (LAP)
Sometimes big ideas need small help, thus we have designed our Loan Against Property product. At times you may need instant liquidity in your journey to grow and touch new heights. Your own house/property can be a greatest financial strength to meet your personal exigency or to expand your business.
Offered in the states of Andhra Pradesh, Telangana, Karnataka and Tamilnadu , this one of its kind loan with an easy monthly repayment mode is crafted to support non BPL customers. The idea behind this product is to support them during their business expansion or, working capital requirements or to acquire assets. Loan size is up to 50,00,000 with tenure of 1 to 10 years.
The interest rate of this product is 22% to 24% with 2% upfront processing fee exclusive of GST.