Loan against property, also known as LAP is a multipurpose loan which helps an individual raise loan against his assets. Assets are purchased by an individual in order to secure his/her money through investment. However, there are times when despite, having properties at different places, an individual faces cash crunch and looks for easy availability of funds. During such harsh times, your existing property can help you avail loan at an interest rate lower than other loans. It is at these times, that property loan from Kotak Mahindra Bank comes into use. Loan against property provides loan against one’s property. It is the perfect way to unlock the value of one’s property and realise one’s dreams. This loan can be availed for business as well as personal needs. It can be used for purposes such as expansion of one’s business, vacation, funding of children’s education and other trivial expenses. Loan against property can be applied both by salaried as well as self-employed professionals.
Kotak Mahindra Bank is among the largest private sector bank in India in terms of market capitalisation and it is headquartered in Mumbai, Maharashtra. Kotak Mahindra is a one-stop destination for your entire loan needs due to its reasonable interest rates and other benefits it offers its customers. Apply for a loan against property from Kotak Mahindra Bank and enjoy its impressive features and benefits.