About Our Loan Against Property Services
At Thar Kings, we help you leverage your property’s value to meet significant financial needs without selling or sacrificing ownership. Our Loan Against Property (LAP) services offer access to substantial funds with flexible repayment options and low-interest rates. Whether it's for expanding your business, funding education, or handling medical emergencies, LAP provides financial flexibility using your residential, commercial, or industrial property.
Features of Our Loan Against Property (LAP)
High Loan Amounts
Borrow up to 60-70% of the property’s market value.
Flexible Tenure
Repayment terms range from 5 to 20 years.
Low Interest Rates
Enjoy attractive rates on LAP, making EMIs affordable.
Multiple Property Types Accepted
Residential, commercial, and industrial properties qualify.
Retain Ownership
Access funds while retaining ownership and control of your property.
Benefits of Choosing Thar Kings for Your Loan Against Property
Choosing an LAP with Thar Kings means securing your future with the support of a trusted partner. Benefits include:
Large Funding Amounts: Borrow a high loan amount based on property value.
Transparent Charges: No hidden fees; all charges are clearly stated.
Flexible Usage: Use the loan amount for various needs, including business expansion, debt consolidation, education, or personal needs.
Secure Process: Reliable and secure loan processing for peace of mind.
Personalized Assistance: Our experienced team provides personalized guidance through every step of the LAP process.
Eligibility Criteria
To qualify for a Loan Against Property (LAP) at [Thar Kings], applicants must meet the following requirements:
Age: 25 to 65 years at loan maturity.
Income: Stable income from employment or self-employment.
Property Ownership: Ownership of a self-occupied or rented residential, commercial, or industrial property.
Credit Score: A good credit score (ideally 700+).
Employment Status: Steady income history, whether salaried or self-employed.
Documents Required for Loan Against Property
The following documents are required for processing a Loan Against Property:
Identity Proof: Aadhar Card, Passport, or PAN Card
Address Proof: Voter ID, utility bills, or rental agreement
Income Proof: Salary slips, bank statements, or IT returns for 6 months
Property Documents: Title deed, proof of ownership, property tax receipts, and NOC if required
Employment Proof: Appointment letter or business registration (for self-employed)
Gold Loan EMI Calculations and Consultancy
Calculate your monthly payments quickly and easily using our EMI Calculator. Enter the loan amount, tenure, and interest rate to view your EMIs instantly. This tool helps you plan your repayment comfortably.
How to Apply for a Home Loan
Applying for a Home Loan at Thar Kings is quick and straightforward:
Submit Application
Fill out our online form or visit our branch for an initial consultation.
Property and Document Verification
Submit required documents and property papers for valuation.
Loan Approval
After verification, our team will approve the loan based on property value and eligibility.
Disbursement
Loan amount is credited directly to your account after approval.
Fees and Charges
Here’s a breakdown of the fees associated with a Loan Against Property:
Processing Fee: 1-2% of the loan amount.
Prepayment Charges: Nominal fee for early repayment, applicable only on fixed-rate loans.
Valuation Fee: Charged for property appraisal.
Late Payment Fees: Penalty for any delays in EMI payments.
Learn more about LAP
Here are some commonly asked questions about our LAP:
What is the maximum loan amount I can get on my property?
The loan amount depends on the property's market value, typically up to 60-70%.
Can I use the Loan Against Property for personal and business needs?
Yes, the loan can be used for multiple purposes, including personal, business, or educational needs.
What types of properties are eligible for LAP?
Residential, commercial, and industrial properties are eligible, provided they meet our eligibility requirements.
How long does it take to process a Loan Against Property?
Processing typically takes 7-10 days, depending on document verification and property appraisal.
Can I prepay the loan without penalties?
Prepayment penalties are generally applicable only for fixed-rate loans if repaid early; floating-rate loans have no prepayment charges.