Unlock the True Value of Your Property
When you need substantial funding to meet personal or business goals, a Loan Against Property (LAP) from MVR Associates, with 30+ Banks as strategic partners, offers the perfect solution. This versatile loan allows you to leverage the value of your residential or commercial property to access large sums of money at competitive interest rates. Our customized LAP solutions are designed to meet diverse financial needs, whether it’s expanding your business, funding higher education, or managing unforeseen expenses.
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Unlock Financial Potential
A Loan Against Property empowers you to achieve your financial goals by leveraging the value of your most significant asset. Whether you need funds for personal milestones or business growth, our customized LAP solutions provide the support you need.
Ready to unlock the true potential of your property? Contact us today and explore the possibilities!
- Residential Properties: Self-occupied or rented houses, apartments, and bungalows
- Commercial Properties: Shops, office spaces, and warehouses
- Industrial Properties: Approved and functional industrial units
- Vacant Land: Approved plots in prime location
- Age: 21 to 65 years
- Employment Type: Salaried individuals, self-employed professionals, and business owners
- Income Stability: Proof of stable income and repayment capacity
- Property Ownership: Clear title and ownership documents for the property
- Credit Score: A good credit score (usually 700 and above) improves approval chances
- KYC Documents: PAN Card, Aadhar Card, Passport, or Voter ID
- Income Proof: Salary slips (for salaried), ITRs, and profit and loss statements (for self-employed)
- Bank Statements: Last 6-12 months’ statements
- Property Documents: Title deed, approved building plan, and valuation report
- Employment Proof: Appointment letter or business registration certificate
- Consultation: Schedule a consultation with our loan advisors to understand the loan structure and eligibility.
- Document Submission: Gather and submit the necessary documents for verification.
- Property Evaluation: Our team conducts a thorough valuation of the pledged property.
- Loan Approval: Based on the assessment, we approve the loan and issue a sanction letter.
- Disbursement: Upon signing the loan agreement, the funds are disbursed quickly.
Benefits of Loan Against Property
- Lower Interest Rates : Secured by your property, LAP offers significantly lower interest rates compared to personal or business loans, reducing the overall borrowing cost.
- Substantial Loan Amounts : Leverage the full value of your property to secure higher loan amounts, enabling you to fund large-scale projects or significant expenses.
- Longer Repayment Tenures : With tenures extending up to 20 years, you can spread your repayment over an extended period, ensuring lower EMIs and reduced financial strain.
- Retain Ownership of Your Property : While the property is pledged as collateral, ownership remains with you. Once the loan is repaid, the property is released from the mortgage.
- Tax Benefits : If the loan is used for business purposes or home renovation, you may be eligible for tax deductions under sections 37(1) and 80C of the Income Tax Act.
- No Collateral Required
- Quick and Simple Application Process
- Flexible Loan Terms
- Improved Cash Flow Management
Eligibility Criteria for Unsecured Business Loans.
- Business Age: Most lenders require the business to be operational for at least 1-2 years.
- Annual Turnover: A minimum turnover threshold is usually set, often ranging from INR 10-50 lakhs.
- Credit Score: A good personal and business credit score improves approval chances.
- Profitability: Demonstrating consistent profits or potential for growth is crucial.
Documents Required for Application
- KYC Documents: PAN card, Aadhar card, and address proof.
- Business Proof: GST registration, business license, or incorporation certificate.
- Financial Statements: Profit and loss statements, balance sheets, and bank statements.
- Income Tax Returns: Filed for the last 2-3 years
- Collateral Required
- Quick and Simple Application Process
- Flexible Loan Terms
- Improved Cash Flow Management
Eligibility Criteria for Unsecured Business Loans.
- Business Age: Most lenders require the business to be operational for at least 1-2 years.
- Annual Turnover: A minimum turnover threshold is usually set, often ranging from INR 10-50 lakhs.
- Credit Score: A good personal and business credit score improves approval chances.
- Profitability: Demonstrating consistent profits or potential for growth is crucial.
Documents Required for Application
- KYC Documents: PAN card, Aadhar card, and address proof.
- Business Proof: GST registration, business license, or incorporation certificate.
- Financial Statements: Profit and loss statements, balance sheets, and bank statements.
- Income Tax Returns: Filed for the last 2-3 years
Benefits for Small and Medium Enterprises
- Encourage Risk-Taking: Entrepreneurs can explore new opportunities without fear of losing assets.
- Facilitate Innovation: Funds can be directed towards research and development, ensuring a competitive edge.
- Support Digital Transformation: SMEs can invest in digital tools and platforms, enhancing efficiency and customer reach.
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