What is a Loan Against Property (LAP)?

A Loan Against Property (LAP) allows you to borrow funds by mortgaging your residential, commercial, or industrial property. The loan amount can be used for various purposes like business expansion, education, medical expenses, or personal needs.

Key Features of Loan Against Property (LAP) by Sampan Financial Services Pvt Ltd:

1. High Loan Amount:
   Get up to 70% of the market value of your property, depending on the property type and your creditworthiness.
2. Low-Interest Rates:
   Interest rates start from 8.75% per annum, making it a cost-effective financing option. The rates may vary based on the lender’s policy and your CIBIL score.
3. Flexible Tenure:
   Loan tenure ranges from 5 to 15 years, offering the flexibility to choose a repayment period that suits your financial situation.
4. Multiple Property Types Eligible:
   You can avail of a loan against:
   • Residential properties (self-owned homes or flats)
   • Commercial properties (shops, offices)
   • Industrial properties (factories, warehouses)
5. Easy Documentation:
   The application process is straightforward with minimal documentation, including proof of property ownership, income, and identification.
6. Quick Disbursal:
   Once the property is verified and all documents are submitted, disbursal can happen within 7-10 working days.
7. Prepayment & Foreclosure Benefits:
   Flexible prepayment and foreclosure options are available, often with minimal or no charges.
8. Loan Amount:
   Depending on your eligibility and the value of your property, you can avail of LAP from ₹5 lakh to ₹5 crore.

Eligibility Criteria:

1. Ownership of Property: The property must be free from litigation and wholly or jointly owned.
2. Age: The applicant should be between 21 and 65 years of age.
3. Income Proof: Salaried individuals need to provide salary slips and bank statements, while self-employed individuals must submit business financials.
4. CIBIL Score: A CIBIL score of 680 and above is preferred for better loan terms.

Documents Required:

1. Property Documents: Title deed, property registration papers, and proof of ownership.
2. Income Proof: Salary slips, IT returns, or bank statements for the last 6 months.
3. Identification Proof: Aadhaar card, PAN card, passport, etc.
4. Address Proof: Utility bills, rent agreement, etc.

Advantages of Loan Against Property:

• Lower Interest Rates: Compared to unsecured loans like personal loans, LAP offers lower interest rates since it is a secured loan.
• Larger Loan Amount: You can avail of a higher loan amount based on the value of your property.
• Longer Repayment Tenure: The extended repayment tenure helps manage EMIs better.
• Multipurpose Use: Funds can be used for any personal or business needs.

How to Apply for Loan Against Property with Sampan Financial Services Pvt Ltd:

1. Contact Sampan Financial Services Pvt Ltd through their website or local office.
2. Submit your documents along with property details for initial approval.
3. Get property evaluation and CIBIL check done.
4. Approval and disbursement after loan sanction based on property valuation and financial profile.

Why Choose Sampan Financial Services Pvt Ltd for LAP?

• Collaborations with top banks and NBFCs like HDFC, ICICI, PNB, Tata Capital, and more.
• Personalized loan plans to match your financial goals.
• Dedicated customer support to guide you throughout the loan process.

For more information or to apply, contact Sampan Financial Services Pvt Ltd today to unlock the value of your property!