Top 5 Benefits Of Taking A Loan Against Property (LAP) From Muthoot FinCorp ONE

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Making your property work for you has never been easier. Loan Against Property (LAP) is a secured loan that allows you to leverage the value of your residential or commercial property to meet your financial needs. Muthoot FinCorp Ltd. understands the significance of this and has made the process even more accessible through their ONE app.

Let's look at the top five benefits of opting for a Loan Against Property.

  • Generous Loan Amounts: One of the top features of LAP is the substantial loan amounts it offers. With Muthoot FinCorp Ltd., you can secure loans ranging from Rs. 3 lakhs to a whopping Rs. 1 crore. This financial flexibility ensures that you can address a variety of needs, whether personal or business-related.

  • Minimal Documentation, Maximum Convenience: Muthoot FinCorp Ltd. has streamlined the application process, making it hassle-free. Unlike many traditional loans, LAP requires minimal documentation. In fact, for loans up to Rs. 10 lakhs, you may not even need income proof – just the latest sale deed or ownership document. This simplicity accelerates the approval process, getting you the funds you need when you need them.

  • Swift Processing and Disbursement: Quick solutions are crucial in financial matters. Muthoot FinCorp Ltd. ensures that the LAP application is processed rapidly, with approval within 2 to 3 working days post-document submission. Once approved, the funds are swiftly credited to your account, providing you with the financial support you require promptly.

  • Flexible Repayment Options: Recognising the diversity of financial situations, LAP offers flexible repayment options. Muthoot FinCorp allows you to tailor your repayment plan to your specific needs and capabilities. This ensures that you can comfortably manage your loan without straining your financial resources.

  • Competitive Interest Rates and Tax Benefits: Muthoot FinCorp offers LAP with competitive interest rates, making it a financially sound option. Additionally, LAP borrowers may be eligible for tax benefits on their interest payments, lightening the financial burden. This dual advantage makes LAP an attractive financial instrument for those seeking cost-effective solutions.

How To Apply For Loan Against Property (LAP) On Muthoot FinCorp ONE app:

  • Download the App: Start by downloading the Muthoot FinCorp ONE app on your smartphone.

  • Navigate to LAP Section: Once the app is installed, find the Loan Against Property (LAP) option on the home page.

  • Submit Your Details: Click on the LAP section, and you'll be directed to the dedicated landing page. Here, enter your required loan amount and click submit.

  • Receive Assistance: Expect a call from Muthoot FinCorp's customer support representatives. They will guide you through the remaining steps, ensuring a smooth process.

A Loan Against Property (LAP) from Muthoot FinCorp Ltd. is a powerful financial tool that offers an array of benefits. From substantial loan amounts to minimal documentation, quick processing, and competitive interest rates, LAP stands out as a reliable option. By leveraging the Muthoot FinCorp ONE app, the application process becomes even more accessible, bringing financial solutions to your fingertips.

About Muthoot FinCorp ONE

Muthoot FinCorp ONE is an all-in-one digital financial platform that makes getting an MSME & a Gold Loan, investing in Digital gold & NCDs, making payments & remittances, buying insurance & exchanging forex, simple and convenient.

As an SBU of Muthoot FinCorp Limited, Muthoot FinCorp ONE is backed by a legacy stretching back over 135 years, and the trust of more than 1 crore customers and is building a holistic financial ecosystem using the latest digital products for lending, investing, protection and payments.

Muthoot FinCorp ONE continues to uphold the values of the parent, the Muthoot Pappachan Group (Muthoot Blue) by providing its customers with easily accessible services, replete with unmistakable quality. The Muthoot Pappachan Group is among India’s most reputed names in the financial services industry, with customers in diverse segments like Automotive industry, Financial Services, Hospitality, Alternate Energy, Real Estate, and Precious Metals.

So what are you waiting for? Head to the Play Store and download the Muthoot FinCorp ONE app. You can also visit the website today to know more.

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