Loan Against Property (LAP)

Loan Against Property (LAP) is a multi-faceted loan offered by IIFL Home Loans in exchange for keeping your commercial or residential property or your plot as collateral. Regular LAPUnlike a home loan, a Regular LAP enables you to meet your funding requirements for various purposes. The proceeds from it can be used for expanding your business, taking your dream vacation, meeting your personal commitment, managing medical expenses, paying off an old debt or to fulfil any other need.• Immovable property required as a collateral in exchange of LAP• Can be used to meet your personal or professional requirement• Maximum loan of up to Rs. 10 crores*• Maximum repayment tenure of 10 years *Applicants may choose to add co-applicants to increase the loan amount. For more details, click https://www.iifl.com/loan-against-property Samman LAPAs a step towards financial inclusion and in view of enabling small business-owners avail a loan against their property, IIFL Home Loans offers Samman LAP. Samman LAP has been designed as a customized variant to meet the financial needs of small businessmen and help them to expand, maintain or renovate their business. • Exclusively offered to small set-up owners including grocery store, mobile store, or restaurant, and more• Safeguards them against unorganized lending at exorbitant interest rates• Maximum loan of up to Rs. 35 lacs• Maximum repayment tenure of 10 years• Flexible repayment optionsFor more details, click https://www.iifl.com/samman-loan-against-property