Loan Against Property

LAP will be a part of the retail business, which includes the prime, affordable, and the emerging housing segments

Loan Against Property (LAP) business disbursed Rs 3,409 crore during the quarter, as against Rs 2,255 crore during the same period last fiscal, with a growth rate of 51 per cent

Godrej Capital, the financial services arm of Godrej Group, has forayed into Rajasthan. The company will target a 10 per cent market share with a focus on loan-against-property (LAP), a company official said. In addition, it will launch unsecured business loans for micro, small and medium enterprises (MSMEs) in Q4 FY23 and venture into supply chain financing. "We are looking to scale our existing operations and expand our offerings through product innovations. Jaipur has immense potential and is an important market to begin our expansion journey in Rajasthan," Godrej Capital MD and CEO Manish Shah said. Godrej Capital closed the first half of the financial year with a balance sheet of Rs 3,500 crore and aims to grow to Rs 6,000 in FY23 and is targeting Rs 30,000 crore by 2026. With an expansive network of 970+ channel partners and over 270 developers, Godrej Capital serves close to 7,000 customers across home loans and loans against property.

Here's how loan against property rates offered by banks stack up

Here are the interest rates of loan against property offered by various banks

When truthful answers are not given, it constitutes a breach of good faith, entitling the insurer to treat the policy as void

Starting a fixed deposit may make a bank more willing to offer you a credit card

Here is how the loan against property rates offered by various banks stack up

Here is how the loan against property rates offered by various banks stack up

Says outstanding debt on date of invocation will be eligible for restructuring under regulatory scheme for borrowers facing financial stress due to Covid-19

Here's how interest rates of loan against property offered by various banks and HFCs stack up

Here is how the loan against property offered by banks stack up

Add a co-applicant to improve your chances of increasing loan amount

Both self-employed and salaried employees can avail of it

Interest has to be paid only on the amount used

Here is how the loan against property rates offered by banks and housing finance companies stack up

Here is how loan against property offered by banks and HFCs stack up

The processing is faster, interest rates are lower and it comes with a 15-year tenure

Here are the rates and terms offered by top banks and fousing finance companies for loans against property

Here are the terms and fees charged by key banks and NBFCs on their loans against property