Secure a Loan Against Property (LAP) Easily

1

• Secure a Loan Against Property (LAP) Easily

2

• What is LAP?
• Loan secured against a residential or commercial
  property.
• Less risky for lenders than unsecured loans, as
  property can be sold in case of default.
• LAP gets easily approved and the amount is large.
• Both salaried and self-employed individuals can
  apply.

3

• LAP Eligibility
• If you are salaried, you should be
• Between 24 and 60 years of age.
• Employed with a reputed company, like MNC.
• Indian resident.
• If you are self-employed, you should
• Be between 24 and 60 years of age.
• Have steady income flow for 6 months to a year,
  till loan application.
• Be Indian resident or own property in India.

4

• Tips to Secure LAP Easily
• Interest Rate - Research and compare lenders to
  land attractive interest rate and maintain a good
  credit score for negotiation.
• Tenure Choose long tenure for affordable EMIs
  and short ones for quick repayment.
• Loan amount Compare loan to value ratios of
  different lenders to get maximum loan amount, but
  only what you can repay.

5

• More Tips to Secure LAP Smoothly
• Property condition Ensure your property is in
  good shape and the paperwork is in place.
• Loan agreement Check for adverse clauses,
  hidden costs, and penalties. Find out what
  happens if you miss payments or default.
• Processing and disbursal time Make sure you get
  the loan amount by the time you need it.

6

• LAP Documents for Self-Employed Borrowers
• Proof of income - Documents showing the business
  to be 5 years old at least, ITR, account
  statements, tax audit report.
• Proof of identity Aadhaar Card, driving
  license, Government employee ID, Voter ID, PAN
  Card, Passport.
• Birth date proof Driving License, SSC mark
  sheet, birth certificate, Aadhaar Card.
• Proof of address Telephone bill, gas bill,
  property tax receipt, voter ID, electricity bill.

7

• LAP Documents For Salaried Borrowers
• Proof of income Form 16, pay slips, account
  statements.
• Proof of identity/address/signature/date of
  birth Same as self-employed.

8

• Why Apply For LAP Today?
• Meet major expenses without liquidating
  investments.
• Get the loan easily by pledging an idle property.
  
• Repay comfortably over a long time.

9
Thank You !Would Love to Hear From You

• Hero FinCorp Limited
• 09, Basant Lok, Vasant Vihar, New Delhi - 110057
• Tel. [phone]
• Email Id Corporate.Care_at_HeroFinCorp.com
• Website https//www.herofincorp.com/
• Know more- Securing a Loan Against Property Made
  Easy