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 and Telangana, 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 ranges from Rs. 1, 00,000 to Rs. 10, 00,000 with tenure of 12-60 months.
The interest rate of this product is 26% with 2% upfront processing fee exclusive of GST.