What is LAP?

LAP is a loan extended on a pre-owned property (Residential Property or a commercial property) for a legitimate end use that is disclosed upfront.

Which property can be considered as collateral?

Self occupied Residential Property or Commercial Property (Offices& Shops) can be considered as collaterals.

Which property can be considered as collateral?

Residential Property or Commercial Property (Offices, warehouse & Shops) can be considered as collaterals.

What are the main benefits of LAP?

The main benefit of LAP is access to liquidity against the mortgage of your existing residential or commercial properties. LAP is an easy tool to leverage on your existing assets without compromising on the superior returns they offer.

What are the various purposes that LAP can be used for?

The purpose of LAP is to take care of all your investment as well as personal needs and to help you meet your contingencies. A LAP is an economical and affordable way to bridge any financial need, whether it is business expansion or personal requirements such as education, marriage of children, family function, medical expenses, and renovation of your home. You can avail a LAP for any personal or for business purposes provided the end use is not for any speculative or prohibitive reasons.

What are my loan tenure options?

Loans can be availed with a tenure upto a maximum period of 20 years. Repayment will not ordinarily be extended beyond the age of retirement (if you are employed) or on your reaching 60 years of the age, whichever is earlier. However, our endeavour will be to determine the repayment period to suit your convenience.

What security / collateral do I have to present for the loan?

The security for the loan will be the first mortgage of the property to be financed, normally by way of deposit of Title Deeds and/ or such other collateral security, as may be necessary. The title to the property has to be clear, marketable and free from encumbrance. To elaborate, there should not be any existing mortgage, loan or litigation which is likely to affect the title to the property adversely.

Can I prepay the loan? What are the charges involved?

Yes, the loan can be prepaid. Please note that prepayment charges may be applicable. To know more about the charges, contact your Relationship Manager / Customer Service Desk or you can visit our website www.adityabirlafinance.com

What are the interest cost and other charges applicable?

Please contact Customer Service Desk or your Relationship Manager for the current rates applicable or you can visit our website www.adityabirlafinance.com

Disclaimer: The following questions and answers are provided for general information only and may not be completely accurate in every circumstance, do not purport to be legal/ commercial advice, and are not intended to be binding on ABFL. ABFL shall have right to change them from time to time. Each case would be reviewed independently, and the FAQs will have no binding effect on ABFL.

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Important Notice

Note : We would like to inform you that we do not accept cash for any transaction.

It has come to our notice that unknown third parties, who are not affiliated with Aditya Birla Finance Limited are forging/mis-selling loan products using our name, brand or logo (explicitly and/or implicitly). Aditya Birla Finance Limited may not have any control over such any third party use of our name and therefore cannot be held responsible for any unauthorised offer, products or services which is made by forging/misusing/faking our brand name. Anyone relying on any such information without verifying and confirming the same with Aditya Birla Finance Limited shall do so at their own risk and liability as to cost and consequences thereof. We also recommend that you do not disclose your personal or financial details to anyone approaching you and claiming to be on behalf of us, unless identity of the person is established or the communication is verified with one of the branches or telephone numbers stated herein.

If you receive a product/ loan proposal from anybody with a name similar to Aditya Birla Finance Limited or claiming to be from Aditya Birla Finance Limited or Birla Global Finance Limited or Birla Finance Limited or any other name which exhibits any connection with Aditya Birla Group or if you have any doubts about such proposal, please feel free to contact Aditya Birla Finance Ltd. immediately on +91 84259 66666. Aditya Birla Finance Limited highly recommends that you ignore any suspicious product/ loan proposals. On no account should you transfer any money without properly verifying and establishing the identity of the entity involved. We once again request you to examine product/loan proposals cautiously and carefully before entering into any transaction with such entities.


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