eLoanIndia is one of the Delhi NCR’s leading and biggest mortgage distributors. We are financial company specializing in providing all kinds of loans to our valuable customers with greatest ease.
Secured loans are known as Loan against property (LAP) and availed by a customer or a business to meet any expense that a bank finds suitable for funding. The loan is availed by mortgaging an existing property like flat, plot, land etc. with the bank.
The amount of loan is decided by bank on the basis of income of the customer and the market value of the property.
Advantage of Secured Loans (LAP) over Unsecured Loans for Businesses
Benefits of taking Loans with eloanindia
The deciding factors in a LAP are Loan to Value (LTV) ratio and income eligibility.
For getting loan, ITR and Payslips are basic documents to be submitted to Banks to ascertain your loan repayment capacity. Without submitting these basic documents, no bank or NBFCs will be able to process your loan.