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Loans FAQs

Explore various loan options with our detailed FAQs. Access clear, concise information to choose the most suitable financing solutions for your needs.

What is the typical loan-to-value ratio for LAP?

  • Posted:26th February, 2025
  • Updated:26th February, 2025
The typical loan-to-value (LTV) ratio for a loan against property (LAP) ranges from 40-75% of your property's market value.
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Can I get a LAP with a low credit score?

  • Posted:26th February, 2025
  • Updated:26th February, 2025
Yes, in some cases, getting a loan against property (LAP) is possible even if you have a low CIBIL score.
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How does LAP differ from other loans?

  • Posted:26th February, 2025
  • Updated:26th February, 2025
A loan against property (LAP) allows you to avail of a loan by placing your property as collateral.
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How long does it take to get a home loan sanctioned?

  • Posted:26th February, 2025
  • Updated:26th February, 2025
After all documentation formalities are completed, the home loan sanctioning process typically takes 7 to 30 days to approve.
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What is the difference between a fixed-rate and a floating-rate home loan?

  • Posted:25th February, 2025
  • Updated:25th February, 2025
The key difference between a fixed-rate home loan and a floating-rate home loan is how the interest rate is determined over the loan tenure.
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Can I get 100% financing on a home loan?

  • Posted:25th February, 2025
  • Updated:25th February, 2025
As per RBI guidelines, financial institutions cannot provide 100% financing on home loans.
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What is the maximum home loan that I can obtain?

  • Posted:25th February, 2025
  • Updated:25th February, 2025
The maximum home loan amount that banks, NBFCs, and other financial institutions can offer depends on several factors.
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