Loan against property: Here's a snapshot of rates offered by various banks

Another way to get LAP without income proof and ITR is to opt for a lower loan to value for the property
  • You can take a Loan Against Property (LAP) not only against constructed residential or commercial properties but also against a plot of land.
  • Some lenders allow you to get LAP without income proof and income-tax return (ITR), but you will have to specify your income source and explain why you do not have the necessary documents.
  • If you maintain a high average monthly balance in your savings account, it will work in your favour, as it will show the lender you have good financial habits.
  • If you add a co-applicant to your LAP, you stand a better chance of increasing the maximum loan amount you can avail.
  • Another way to get LAP without income proof and ITR is to opt for a lower loan to value for the property.



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