At Vira Finance, we consider your house to be an asset that may help you raise money for any kind of personal or professional necessity, not just a place to live. You may use your property as collateral to get sizable loans at competitive interest rates with our Loan Against Property (LAP).

Our Loan Against Property's Features

• Large Loan Amounts: Depending on the value of your property, receive up to ₹5 crores.
• Low Interest Rates: Borrowing is reasonable with interest rates as low as 9.5%.
• Long Tenure: Repayment choices are flexible, and loans can be taken out for up to 15 years.
• Commercial or Residential Real Estate: Make use of your personal or business property as security.
• No Restrictions on Use: The loan amount is available for investment, company, or personal usage.
• Rapid Payment: Quick approval and processing to ensure you have the money when you need it.

Qualifications

• Age range: 25–65
• Ownership of Property: must possess real estate, either residential or commercial
• Proof of Income: Enough money, whether self-employed or salaried, to pay back the loan
• Minimum credit score of 650 to ensure a seamless approval procedure

Required papers include

• Identity proof (Aadhaar, PAN, or passport) and address proof (property paperwork, utility bills, or rent agreement).
• Income Proof: Salary Slips or ITR for the previous two years.
• Property Documents: Title Deed, Sale Agreement, or Registration Certificate.
• Photographs: passport size photographs
   

Why Choose Vira Finance?

• High Loan Amounts: Get up to 70% of your property's market value.
• Low Interest: We have some of the market's lowest interest rates, beginning at 9.5%.
• Flexible Repayment: Select EMI choices that meet your budget and have extensive tenures of up to 15 years.
• Fast Processing: Our hassle-free approval procedure allows you to get cash promptly.
• Complete Transparency: There are no hidden costs or surprises; what you see is what you receive.

FAQs:

1. What is Loan Against Property (LAP)?
A Loan Against Property allows you to borrow money by using your personal or business property as collateral.

2. How much loan can I get?
You can receive up to 70% of your property's market value (up to ₹5 crores).

3. What is the interest rate on a loan against property?
Our interest rates begin at 9.5%, depending on the loan amount and term.

4. Can the loan be used for any purpose?
Yes, the loan can be utilised for either personal or business purposes, such as weddings, schooling, or business growth.

5. How long does it take to process a loan?
Our loan approval process is rapid, and you may receive the cash.