Loan against Property (LAP) from Edelweiss Housing Finance Ltd. enables real estate owners to put their assets to a productive use by mortgaging them to raise funds up to as high as 70% of the market value of the asset. Funds raised from Loan against Property (LAP) can be used for a variety of purposes like buying a new property, business expansion, working capital for business and education or wedding of children, among others.
Loan against Property (LAP) is an ideal product for both individuals and companies owning a real estate asset that is free from any financial obligation. LAP helps raise funds quickly with an added flexibility of choosing loan tenure up to 15 years for easy repayment.
Salaried Customers | Self Employed Professionals | Self Employed Non Professionals |
---|---|---|
Application form with photograph | Application form with photograph | Application form with photograph |
Identity and Residence Proof | Identity and Residence Proof | Identity and Residence Proof |
Latest Salary-slips | Education Qualifications Certificate and Proof of business existence | Proof of business existence |
Form 16 | Last 3 years Income Tax returns (self and business) Last 3 years Profit / Loss and Balance Sheet |
Business profile Last 3 years Profit / Loss and Balance Sheet / Computation of Income/ Audit Report / Last 3 Years Income Tax returns (self and business) |
Last 6 months bank statements | Last 6 months bank statements | Last 6 months bank statements (self and business) |
Details of existing loans | Details of existing loans | Details of existing loans |
Loan against Property (LAP) lets you mortgage your self-occupied or rented residential property to avail a loan for a variety of purposes such as, buying a new property, business expansion, working capital for business, consolidation of existing loans and education or wedding of children, among others.
GRANTED TO INDIVIDUAL LAP BORROWERS |
||||
NON-HOUSING LOANS |
Min % |
Max % |
Wt. Avg % |
Mean % |
Q1 FY 23 |
12.00 |
15.75 |
13.79 |
13.80 |
Q2 FY 23 |
9.50 |
16.95 |
11.74 |
12.31 |
Q3 FY 23 |
9.35 |
16.95 |
10.78 |
12.61 |
Loan against Property (LAP) lets you mortgage your self-occupied or rented commercial property to avail a loan for a variety of purposes such as, buying a new property, business expansion, working capital for business, consolidation of existing loans and education or wedding of children, among others.
GRANTED TO INDIVIDUAL LAP BORROWERS |
||||
NON-HOUSING LOANS |
Min % |
Max % |
Wt. Avg % |
Mean % |
Q1 FY 23 |
12.00 |
15.75 |
13.79 | 13.80 |
Q2 FY 23 |
9.50 |
16.95 |
11.74 |
12.31 |
Q3 FY 23 |
9.35 |
16.95 |
10.78 |
12.61 |
Lease Rental Discounting helps to raise funds against the future expected rentals of self-owned commercial property. To avail this loan the property should be occupied by the Lessee and the Leave & License agreement should be registered. Just like Loan against Property (LAP), LRD can be provided for a variety of purposes such as, buying a new property, business expansion, working capital for business, consolidation of existing loans and education or wedding of children, among others.
GRANTED TO INDIVIDUAL LAP BORROWERS |
||||
NON-HOUSING LOANS |
Min % |
Max % |
Wt. Avg % |
Mean % |
Q1 FY 23 |
12.00 |
15.75 |
13.79 |
13.80 |
Q2 FY 23 |
9.50 |
16.95 |
11.74 |
12.31 |
Q3 FY 23 |
9.35 |
16.95 |
10.78 |
12.61 |
EHFL is regulated by the National Housing Bank (NHB) vide Certificate of Registration (CoR) No. 03.0081.10 dt. 18/03/2010. However, NHB does not accept any responsibility or guarantee about the present position as to the financial soundness of Company or correctness of any of the statements or representation made or opinion expressed by the Company.