Loan against Property (LAP)-for Individuals
| Purpose | : | Loan against Mortgage of Residential House / Flat. i) Children´s Education / Marriage ii) Children´s Education / Marriage iii) Purchase of another Property. iv) Business Expansion. |
| Loan Amount | : | Min Rs.2,00,000/- |
| Loan Term | : | Maximum 15 years |
| Disbursement Of Loan | : | Equated Monthly Installments (EMI) - Monthly Rest Basis. |
| Security | : | 1. Equitable / Registered Mortgage of Residential Property - Age of property not more than 35 years. 2. Demand Promissory Note. |
| Upfront Fees | : | 1.00% of Loan Amount + Service Tax, as applicable. |
| This scheme is applicable to Resident Indians only. | ||
