Loan Against Property Is a Best Loan Option To Get Large Amount As Loan . LAP has low interest rate and easy repayment optioon . know everything about LAP in this article .

1. Loan Against Property – Know Everything – Powered By Growfs
1. What is Loan Against Property (LAP)?
 Loan Againstproperty is a secured commercial long term credit/loan facility
provided by the Banks and NBFCs.
 Under this facility, property owned by the borrower is mortgaged as a
security for the loan availed.
2. For what purposes, LAP can be availed?
 LAP can be availed for both business and individual requirement purposes
 Business Purpose–business expansion, long term corporateloan, machine
purchase, property purchasewhereloan is not possible, etc.
 IndividualPurpose–child's education, child's marriage, property purchase
whereloan is not possible, renovation of existing house, etc.
3. What are the main features of LAP facility?
 Loan amountranges from Rs.15 lacs to Rs.50 crores
 Maximum loan of up to 70% of the market value of the property offered,
could be availed
 Higher tenure of 10 years to15years is availablefor easy repayment
 Lower annual interest rates (11%-14%) as compared to personalloans and
unsecured business loans (16% - 22%)
 Lower EMI (Equated Monthly Installment) for better monthly funds
management

2.  Faster process for sanction and disbursementof loan as compared to
corporateloans
 Simple and easy documentation
 Both salaried and self employed individuals can avail the loan, apart from
firms and corporate.
 Option for loan prepaymentis also available
 In case, the loan is used for business purposes, wholeof interest amount on
the loan could be booked under business expenses
4. Who Can Apply for LAP?
 Any Individualor Company / Firmcan apply for LAP, having a good credit
history, regular income and owns a property.
5. How toget / apply for LAP facility?
 Borrower may submithis requirement through online simple application
formavailable on our website or may call us at 011-42427191.
 Our trained financial advisors willguide you for all your loan related queries
and providethe door step services for availing the LAP facility fromthe
bank of your choice.
 We are authorized channel partners of various private/public sector banks
and major NBFCs.
6. What is the benefit of taking help of www.growfs.comfor availing LAP
facility?
 We are authorized channel partners of various private/public sector banks
and major NBFCs.

3.  Our expert and experienced team would be quick and fast in offering you
the bestloan deal available in the marketas per your requirement, so you
do not have to run from one bank to another.
 We providethe door step servicei.e our field executive will come to your
place for helping you in preparing the loan application file by filling the
application form and properly arranging the supportdocuments required.
 We will be interacting with both the borrower and various banks for
providing the best offer available in the market and also saving time and
hassles of the borrower.
For More Detail – 011-42427191
Visit – www.growfs.com