A Loan Against Property (LAP) is a secured loan that allows individuals to leverage the value of their property to obtain funds from a financial institution or lender.
WHY CHOOSE US
Loan Mantra Consultancy play a crucial role in connecting borrowers with lenders and assisting them throughout the loan application and approval process.
Loan Application Assistance
We help borrowers with the loan application process by collecting necessary documents, verifying their authenticity, and assisting in filling out the application forms accurately. They guide borrowers through the required paperwork and ensure all necessary information is provided.
Loan Mantra Consultancy evaluate the borrower’s eligibility for a home loan by considering factors such as income, credit history, employment stability, and existing financial commitments. They help borrowers understand the loan amount they can qualify for based on their financial profile.
Application Submission And Follow-Up
We act as an intermediary between borrowers and lenders. They submit the loan application and supporting documents to the respective banks or financial institutions and follow up on the application status. They provide updates to borrowers and assist in addressing any queries or additional documentation requests from the lender.
Loan Approval And Disbursement
We work closely with lenders to ensure a smooth loan approval process. They facilitate the necessary communication and coordination between borrowers and the lender to complete the verification and approval procedures. Once the loan is approved, DSAs assist in the disbursement of funds to the borrower.
Loan Mantra Consultancy provide post-loan services, such as assisting borrowers with loan account management, helping with loan-related queries, and facilitating loan-related documentation or paperwork, including loan closure or refinancing.
Loan Mantra Consultancy option for individuals who own residential or commercial properties and need access to substantial funds for various purposes.
"Secure Your Financial Future with a Loan Against Property"
Loan Against Property typically offers competitive interest rates compared to other unsecured loans. The interest rate may vary based on factors such as loan amount, tenure, and your creditworthiness.
Lenders strive to provide a quick and hassle-free loan processing experience. Online application facilities, minimal documentation, and streamlined processes contribute to faster approval and disbursal of funds.
Many lenders allow you to make part prepayments or foreclose the loan before the scheduled tenure ends. This helps you reduce your overall interest burden and close the loan earlier if you have surplus funds.
Some lenders provide the option of availing a top-up loan against your existing Loan Against Property. This allows you to borrow additional funds over and above your initial loan amount, based on your property’s current market value and eligibility.
Lenders often provide online portals or mobile apps for easy loan account management. You can track your repayment schedule, view outstanding balance, make payments, and access other services conveniently.