Loan against property (LAP) is a mortgage loan with lower interest rates, which can be used for multipurpose. One can get LAP by mortgaging his commercial property or residential property to lender as a collateral (security). Just like a personal loan, you can use LAP to fulfill your business, or personal requirements.
LOAN AGAINST PROPERTY
Types of Loan we offer
- Mortgage Loan
- Secured Loan
- Loan against Property +OD (Overdraft)
- Loan against residential or Commercial Property
- Loan against property for home renovation/ education/wedding/personal expense.
- Areas We Serve – Home loan is available in these areas – Dehradun, Vikasnagar, Mussorrie, Roorkee, Haridwar, Rishikesh, Saharanpur.
- LAP can also be used to foreclose other existing loans.
- 40-60% amount of the market value of the property is financed for borrower under LAP. Income eligibility for the borrower should be more than Rs. 25,000/- per month.
- Documents in LAP are same as in Home Loans for both salaried individual and Self Employed person.
- There is minimum 7 to 10 days processing time for LAP.
Loan Against Property Intrest Rates
| Bank | Loan to Property Value | Interest Rates | Processing Fee |
| LIC Housing | 60% | 8.85% – 10% | Upto 0.5 % of loan amount + GST |
| ICICI BANK | 60% | 8.50% – 9.50% | Rs 10,000+ AT or 0.25% + AT ( Whichever is lower) |
| AXIS Bank | 60% | 8.50% – 9.30% | Upto 0.5 % of loan amount + GST |
| PNB Housing Loan | 60% | 8.85% – 11% | 0.35% of the loan amount Minimum- Rs. 2,500/ Maximum- Rs. 15,000/ |
| CANFIN HOMES | 60% | 9.50% – 11% | Upto 0.5 % of loan amount + GST |
| TATA CAPITAL | 60% | 9.50% – 12% | Upto 0.5 % of loan amount + GST |
| Canara Bank | 60% | 8.70% – 11% | Upto 0.5 % of loan amount + GST |
| GIC Housing Finance | 60% | 9.50% – 12% | Upto 0.5 % of loan amount + GST |
| HDFC Bank | 60% | 8.50% – 10% | Up to 1.25% of the loan amount or? 3,000 whichever is higher, plus applicable taxes |
| Union Bank | 60% | 8.90% – 11% | Upto 0.5 % of loan amount + GST |
| Bank of Baroda | 60% | 8.90% – 11% | Upto 0.5 % of loan amount + GST |
| Indian Bank | 60% | 8.60% – 11% | Upto 0.5 % of loan amount + GST |
| SBI Bank | 60% | 8.60% – 11% | Upto 0.5 % of loan amount + GST |
| IDFC Bank | 60% | 9.50% – 13% | Upto 1 % of loan amount + GST |
Document Required
| DOCUMENTS | SALARIED | SELF EMPLOYED |
|---|---|---|
| Photograph | Colour | Colour |
| ID Proof | Pan Card/Voter ID card | Pan Card/Voter ID card |
| Date of Birth proof | Pan Card/School leaving certificate/High School mark sheet | Pan Card/School leaving certificate/High School mark sheet |
| Address proof | Current and Permanent | Current and Permanent |
| Bank Statement | 6 Months Salary Account | 12 Months Saving/Current/CC Account |
| Income Proof | 6 Months Salary Slip & Form 16 | 3 yeras financials (ITR/Computation/Balance sheet) and Business Registration Proof |
WHAT WE OFFER
KEY FEATURES OF BDS Pvt Ltd
Door Step Services & Quick Loan Sanction
Repayment of Loans – 5 to 30 Years*
No Hidden Charges
Transparent Procedures
No Prepayment Charges
Have Questions?
Our Testimonials
purushuttam Pokhriyal
2022-04-30
Thanks a million.Hope you do more than personal loans going forward.
Thanks team bds.
rajender rawat
2022-04-19
Best loan consultant all financial solutions at one hub👍🏼💯
Priyanka Rawat
2022-02-27
Best financial services and supporting staff
Sonam Bisht
2022-02-07
Best financial service provider in dehradun thanks
Devyansh Chadha
2022-01-25
Very good team and a great support for solving your financial problems .
