Property Loan
Loan Against Property by Avassa
Your property is your biggest asset. Unlock its value with a Loan Against Property (LAP) from Avassa. Get funds for business expansion, education, medical treatment, wedding, or any other need by mortgaging your residential or commercial property.
Key Highlights
- Up to 70% of property value
- Interest rates starting from 9.00% p.a.
- Tenure up to 20 years
- Use for any purpose
- Lower interest than personal loans
Key Features
High loan amount
Lower interest rates
Long repayment tenure
Use for any purpose
Both residential & commercial property accepted
Overdraft facility available
Eligibility Criteria
Age: 25-65 years
Property should be free from legal disputes
Minimum income: ₹30,000/month
Property age: Less than 30 years
Clear title deeds
Required Documents Checklist
Click items to track and check off your gathered documents:
FAQs
Frequently Asked Questions
How long does the loan approval process take?
The loan approval timeline depends on the type of loan and the bank. Personal loans can be approved within 24-48 hours, while home loans may take 7-14 days. Avassa ensures faster processing through our direct relationships with banks.
What credit score do I need for a loan?
Most banks require a minimum credit score of 650 for personal loans and 700 for home loans. However, some of our partner banks offer loans to individuals with lower credit scores at slightly higher interest rates. Avassa can help you find the best option regardless of your credit score.
What documents are required for a loan application?
Basic documents required are: Identity Proof (Aadhaar/PAN), Address Proof, Income Proof (Salary Slips/ITR), and Bank Statements. Additional documents may be required based on the loan type. Check our individual loan pages for specific document requirements.
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