NIC ASIA Loan Against Mortgaged Property (LAMP) is asset collateral based lending. This facility is mainly provided for purchase of land and/or building, renovation/extension of existing house, construction of new house and to meet other personal financial requirements.
The features include:
- Flexible loan tenure up to 50 years
- Maximum up to 80 years of age criteria at the time of maturity of loan
- Credit facility as Term Loan and/or Overdraft/ Demand loan
- Loan processing from wide range of branch networks