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rules to follow while applying for lap
9 Vital Factors To Consider While Applying For A Loan Against Property

Category : Loan Against Property

Poonawalla Fincorp Team • Apr 22, 2024 • 76 views

Securing a Loan Against Property (LAP) is an important financial decision with long-term implications. Failing to repay the loan can have grave consequences, including a massive drop in your credit score and the loss of your property. Therefore, you must have a repayment plan when you apply for a Loan Against Property.

factors that affect loan against property eligibility
7 Factors That Affect Loan Against Property Eligibility

Category : Loan Against Property

Poonawalla Fincorp Team • Apr 04, 2024 • 172 views

Like any other loan, a Loan Against Property (LAP) has specific eligibility criteria for getting your application approved. Lenders have specific requirements such as minimum credit scores, minimum income, repayment capacity, property value, etc., based on which they grant loans. You must be mindful of the Loan Against Property eligibility criteria to avoid your applications getting rejected.

how to get a loan against bungalow to buy a new house
How to Get a Loan Against Bungalow to Buy a New House?

Category : Loan Against Property

Poonawalla Fincorp Team • Apr 04, 2024 • 151 views

Loan against bungalow is secured loan similar to a Loan Against Property. To avail of a Loan Against Bungalow, you must possess a bungalow as collateral. You can use the loan amount to fulfil any financial requirement like medical emergency, education, starting a business or buying a house.

what is a reverse mortgage loan
5 Key Differences Between Reverse Mortgage Loan and Loan Against Property

Category : Loan Against Property

Poonawalla Fincorp Team • Feb 26, 2024 • 2363 views

When it comes to financial planning, especially in the later stages of your life, you come across two options – Reverse Mortgage Loan and Loan Against Property. Both options allow you to access quick funds using your property as collateral. But they cater to different features and end-use based on your age. Understand the difference between a Reverse Mortgage Loan and a Loan Against Property to decide which one to choose.

thumbnail image how to borrow a loan against your home
How to Borrow A Loan Against Your Home?

Category : Loan Against Property

Poonawalla Fincorp Team • Jan 19, 2024 • 561 views

Unlocking your home’s real value with a loan against home can turn out to be a great financial strategy to meet personal or business needs. The maximum loan-to-value (LTV) ratio for a loan against your home is 80% of its value.

CIBIL Score for Loan Against Property
Minimum CIBIL Score Required for Loan Against Property

Category : Loan Against Property

Poonawalla Fincorp Team • Dec 27, 2023 • 660 views

A CIBIL score represents your creditworthiness and plays a crucial role in helping you get a loan at favorable terms. It is a three-digit number ranging between 300 and 900, reflecting your borrowing behavior.

Types of Mortgage Loan
Different Types of Mortgage Loans in India

Category : Loan Against Property

Poonawalla Fincorp Team • Sep 06, 2023 • 1456 views

Mortgage Loans have become an integral part of the Indian financial landscape, enabling millions of people to fulfil their various financial needs. These loans are obtained by real estate buyers to raise funds for buying property or existing property owners for some other financial expenses by mortgaging their owned property as collateral for security.

Factors affecting on LAP
5 Things To Know Before Applying For A Loan Against Property

Category : Loan Against Property

Poonawalla Fincorp Team • Aug 31, 2023 • 1497 views

Your property is a powerful asset that can be leveraged for big-ticket expenses like business expansion, weddings, home renovations, etc. Loan Against Property (LAP) is the right choice if you require additional funds without impacting your savings.

How to get LAP
How to Secure a Loan Against Property?

Category : Loan Against Property

Poonawalla Fincorp Team • Aug 27, 2023 • 1507 views

When faced with financial challenges, many individuals or businesses turn to loans as a viable solution. One of the most secure and accessible forms of borrowing is a Loan Against Property (LAP).

mortgage loan
What is Property Mortgage Loan? Meaning, Definition, and How it Works?

Category : Loan Against Property

Poonawalla Fincorp Team • Oct 20, 2022 • 8423 views

There is a common saying that goes – ‘Home is where the heart is.’ Thus, it is only natural for someone to find it difficult to part with their house or property due to some form of emotion or sentiment attached to it.

Loan Against Residential Property
How to Avail Loan Against Residential Property?

Category : Loan Against Property

Poonawalla Fincorp Team • Oct 21, 2022 • 4817 views

Oftentimes, to receive something, you need to let go of something but that’s not the case with Loan against property (LAP).

Dos and donts and LAP
Do’s and Don s of Applying for a Loan Against Property

Category : Loan Against Property

Poonawalla Fincorp Team • Aug 20, 2022 • 8695 views

A Loan Against Property (LAP) is a low-cost way to ensure funds are available when needed. This is a secured loan, and you mortgage your property for the loan.

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