active

Loans FAQs

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

How does prepayment work for LAP?

  • Posted:26th February, 2025
  • Updated:26th February, 2025
Most loan providers allow partial or full prepayment of your outstanding loan against property (LAP) amount before completion of the repayment tenure.
Read More

What happens if I default on LAP payments?

  • Posted:26th February, 2025
  • Updated:26th February, 2025
Defaulting on your loan against property (LAP) equated monthly instalments (EMIs) can lead to serious consequences.
Read More

What is the importance of property insurance in LAP?

  • Posted:26th February, 2025
  • Updated:26th February, 2025
Opting for both property and life insurance is crucial when taking a loan against property (LAP).
Read More

Are there any tax implications for LAP?

  • Posted:26th February, 2025
  • Updated:26th February, 2025
There are no direct tax benefits or exemptions available on loans against property (LAP).
Read More

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.
Read More

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.
Read More

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.
Read More

Category

Popular FAQs

Check your Free Credit Score

Most Viewed FAQs