LAP Assistance

LAP is priced and tenured differently from a home loan

Because the funds aren’t tied to purchasing the mortgaged asset, LAP carries a rate premium over a home loan and a shorter maximum tenure — commonly up to 15 years against roughly 30 for a home purchase loan. That shorter tenure raises the EMI for the same amount, which is where FOIR calculations most often come up short against expectations set by the sanction amount alone.

Property types accepted vary by lender; each conducts its own legal and technical verification regardless of what we assess upfront.

• Self-occupied or rented residential properties
• Commercial offices, shops and showrooms
• Industrial properties (lender-specific)
• Plots with clear, marketable title (lender-specific)

Common End Uses

• Business expansion or working capital infusion
• Education expenses
• Medical emergencies
• Debt consolidation (subject to lender policy)
• Bridge finance for another property purchase