Loan Against Property (LAP) is a secured loan that allows the borrower to use their property as collateral to obtain a loan. Mpower Credcure provides LAP to help customers finance their personal or business expenses. Here are some features, eligibility criteria, document requirements, and FAQs for Mpower Credcure's LAP:
Features:
- Loan amount up to 60% of the property's value.
- Flexible repayment tenure up to 15 years.
- Competitive interest rates.
- Simple and hassle-free application process.
- Loan disbursal within a few days of approval.
- Part-prepayment and foreclosure options available.