What is Loan Against Property Online?
MyMudra offers Loan Against Property (LAP) to help you unlock the hidden value of your property. Whether for business expansion, debt consolidation, or personal needs, our LAP solutions provide high loan amounts at competitive interest rates.
Problem
Users need loans against property but rely on traditional banks with lengthy approval processes and extensive paperwork.
Solution
Online platform enabling users to apply for property-backed loans digitally, offering quick approval, minimal paperwork, and competitive rates.
Customers
Small to medium business owners, individuals needing personal funds, and professionals consolidating debt.
Unique Features
Fully digital application, high loan amounts (up to 70% of property value), and flexible repayment options.
User Comments
Simplifies loan access
Fast approval compared to banks
Transparent process
Competitive interest rates
Helpful customer support
Traction
Launched in 2023, featured on ProductHunt with 100+ upvotes, active partnerships with Indian financial institutions.
Market Size
India’s secured loan market is valued at $300 billion, with digital lending growing at 30% CAGR.
