Loan Against Property Loan

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Overview

Loan Against Property: Unlock the Value of Your Asset

At RED FINCORP, we offer Loan Against Property (LAP) to help you unlock the value of your residential or commercial property to meet your financial needs. Whether you're looking to expand your business, fund personal expenses, or consolidate debt, our LAP provides access to large sums at attractive interest rates.

With flexible repayment options and transparent terms, RED FINCORP ensures that you get the financial leverage you need while retaining ownership of your property. Our hassle-free application process and quick approvals make it easier for you to utilize the value of your property for a variety of financial requirements.

Loan Against Property Details

  • Loan Type: Loan Against Property
  • Security: Residential or Commercial Property
  • Interest Rate: Starting from 8.50%*
  • Loan Tenure: Up to 15 years
  • Loan Amount: Up to ₹10 Crores
  • Loan Feature: Utilize for business expansion, personal needs, or debt consolidation

  • Apply Now
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Documents Required for Loan Against Property

The following documents are required to apply for a Loan Against Property:

  • KYCs (PAN / AADHAR)
  • Income Proof (Salary Slips or ITR)
  • Bank Statements (Last 6 Months)
  • Property Documents

Our Lending Partners

ICICI Bank Federal Bank SBI Canara Bank Yes Bank Kotak Mahindra Bank IDFC First Bank Karur Vysya Bank Indian Overseas Bank HDFC Bank

Loan Against Property FAQs

Frequently Asked Questions

A: A Loan Against Mutual Fund is a secured loan where investors can pledge their mutual fund units as collateral to obtain a loan. Individuals who hold mutual funds in their name can apply for this loan. This option is beneficial for those who need liquidity without selling their investments.

A: Eligibility typically depends on the value of the mutual fund units held, the type of mutual funds (equity, debt, hybrid), and the Bank’s policies. Generally, Banks require the applicant to be an adult with a valid KYC registration for the mutual funds. A good credit score may enhance the chances of approval.

A: Commonly required documents include Identity proof (Aadhaar, PAN, Passport), Address proof, Mutual fund statements showing ownership of the units, and a duly filled application form. Some Banks may also ask for financial documents to assess the applicant’s repayment capacity.

A: The loan amount usually ranges from 50% to 90% of the market value of the Mutual fund units pledged, depending on the Bank’s policies and the type of Mutual funds. The exact Loan-to-Value (LTV) ratio can vary based on factors like the fund’s performance and the applicant's creditworthiness.

A: Interest rates for loans against Mutual funds typically range from 10% to 12% per annum. These rates are often lower than those for unsecured personal loans but may be higher than loans against Fixed deposits or Gold. It’s advisable to compare rates from multiple lenders to find the most competitive offer.

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Contact

redfincorp99@gmail.com

+91 99442 64799

About Us

RED FINCORP is your trusted partner for all your financial needs. From personal to business loans, we offer a wide range of solutions to support your financial goals.

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