Secure Loan Against Property up to ₹2 Crore
In the cutting-edge technology of rapid lifestyles, financial necessities can take you by surprise—both for business growth, a child’s education, meeting medical crises, or debt consolidation. Therefore, to such high-value funding wishes, a LAP is one of the most cost-effective and dependable alternatives. With Swipeloan, you can get a mortgage from ₹10 lakh to ₹2 crore at attractive interest rates, rapid approvals, and compensation flexibility. Loan Against Property.
What is a Loan Against Property?
A LAP is a secured loan in that you offer your residential, business, or business property as collateral for receiving a large quantity of funding. In contrast, unlike non-public loans, which can be unsecured, LAP avails one with lower interest rates since the lender has the security of your own home.
The property continues to be in your call, and you get to maintain the usage of it as long as you will earlier than; however most effective identify deed is in the lender’s possession till the loan is settled in complete.
Loan Amount: ₹10 Lakh to ₹2 Crore
SwipeLoan provides a large range of investments that incorporate a couple of consumer necessities:
- Small Funding Requirements – Beginning from ₹10 lakh for modest spending, which includes upkeep of a home, enterprise enlargement, or training costs.
- High-Value Loan – Up to ₹2 crore for big investments, buying new property, or meeting heavy economic duties.
Moreover, the unique amount of the loan you qualify for will hinge on:
- The price of your own home
- Your profits and potential to pay off
- The lender’s LTV ratio
Most Important Blessings of a Loan Against Property
1. Higher Loan Amounts
Get finance up to ₹2 crore based on your home price.
2. Lower Interest Rates
As the mortgage is collateralized, the interest charges are drastically lower than non-public loans.
3. Flexible Tenure
Pay returned in a tenure of up to 15–20 years; therefore, for that reason, EMIs become simpler to manipulate.
4. Multi-Purpose Usage
Utilize the amount for any lawful purpose—commercial enterprise, schooling, medical payments, or private aspirations.
5. Continue Using Your Property
You retain to personal and use your private home as usual till the loan tenure ends.
Eligibility Criteria
To use for a LAP, you ought to satisfy the following essential requirements:
- Age: 21 to 65 years
- Employment Status: Salaried or self-employed applicants
- Property Ownership: Should be in your name or jointly owned with you
- Income: Should have a high enough month-to-month income to repay the EMI
- Location of Property: Within reasonable municipal and felony obstacles
Documents Required
Having the proper documentation makes your mortgage approval system faster. Generally, Standard files consist of:
- For Individuals
- Identity proof (Aadhaar Card, Passport, PAN Card, Voter ID)
- Address evidence (Utility payments, Passport, Aadhaar)
- Income proof (Salary slips, financial institution statements, ITR)
- Property documents (Title deed, previous sale deeds, tax receipts)
For Self-Employed:
- Business registration documents
- Profit and loss statements
- GST returns or ITR
- Property papers
How the Loan Process Works
1. Application Submission
Complete the online application form on SwipeLoan’s internet site the usage of your basic statistics.
2. Document Verification
We manually affirm your non-public income and assets documents.
3. Property Valuation
A certified appraiser establishes the marketplace fee for your home.
4. Loan Approval & Offer
Subject to eligibility, we send you a mortgage provide declaring interest fee, tenure, and EMI information.
5. Agreement & Disbursal
When you execute the mortgage agreement, the budget gets credited to your account in a few operating days.
Interest Rates & Charges
SwipeLoan offers clear pricing without hidden costs. Standard costs are:
- Interest Rate: From 8% p.a. (applicant profile-based)
- Processing Fee: 1–2% of the mortgage
- Prepayment Charges: As mandated via RBI and lender regulations (usually nil for floating-fee loans)
- Legal & Valuation Charges: Low, notified earlier
Why Opt for a LAP Instead of a Personal Loan?
Factor Loan Against Property Personal Loan
Loan Amount Up to ₹2 croret Usually up to ₹40 lakh
Interest Ratest 8%–12% 12%–24%
Tenure Up to 20 years Up to 5 years
Collateral Needed Not needed
EMI Amount Less (longer tenure) More (short tenure)
Quite glaringly, LAP has advanced affordability in addition to greater investment talents.
LAP Tips to Get the Best Deal
1. Have a Good Credit Score
A score of more than 750 assists you in availing higher hobby fees.
2. Select the Proper Tenure
Select a tenure that maximizes EMI affordability as well as the basic interest fee.
3Negotiate Fees for Processing
Lenders are willing to lower charges for certain borrowers.
4, Compare Multiple Quotes
Do no longer be given the first quote—examine terms and quotes throughout lenders.
5. Check that Property is Free from Legal Issues
This ensures fast approval and eliminates future hassles.
How to Apply for LAP
It’s easy to apply:
Step 1: Go to SwipeLoan.In
Step 2: Click on “Apply Now” for a Loan Against Property
Step 3: Enter your private and property facts
Step 4: Upload the files required
Step 5: Get a fast eligibility test and loan offer
A hassle-free digital method, you may experience quicker approvals and faster disbursal.
Conclusion
A LAP is the simplest method of utilising your actual property belongings to satisfy large-scale financial requirements. From ₹10 lakh to ₹2 crore, SwipeLoan offers aggressive costs and flexible reimbursement phrases. As a result, take your goals a reality while not having to sell your home. Be it for business growth, private obligations, or any financial emergencies, your home can earn for you nowadays. Swipeloan also covers a loan against a mutual fund.
