Introduction
Struggling with Multiple Loans? Here’s How One Client Regained Financial Freedom
Managing multiple loans with high EMIs can feel overwhelming. Many borrowers take personal loans, credit card debt, or business loans but later struggle to keep up with payments.
This case study highlights how CashBazaar helped a client consolidate 21 loans worth ₹3.5 crore into a single ₹4 crore Loan Against Property (LAP) from Jana Small Finance Bank. As a result, the client’s monthly EMI dropped by 70%, and they regained financial stability.
If you’re drowning in multiple EMIs and need a structured loan solution, this success story might be your answer!
The Client’s Financial Struggles: 21 Active Loans & ₹18 Lakh EMI
Client Profile
- Profession: Business Owner
- Monthly Income: ₹15 lakh
- Total Active Loans: 21
- Total Debt: ₹3.5 crore
- EMI Burden: ₹18 lakh per month
- Property Type: Residential & Commercial Land
- Main Issues: Lenders didn’t recognize his actual Income
The client had a strong financial background but struggled to juggle 21 active loans with an ₹18 lakh monthly EMI. Banks and NBFCs rejected his Loan Against Property (LAP) application due to:
🔴 Unrecognized Income from Investments & Consulting
Traditional banks only considered ITR income, ignoring additional earnings from investments and private consulting work.
🔴 Land Mortgage Rejection
Most lenders do not approve loans against land, making it difficult for him to pledge property as collateral.
🔴 Multiple Active Loans = High Risk Profile
Since he had 21 different loans, lenders viewed him as a high-risk borrower and denied approval.
He Needed a Loan That Would:
✅ Consolidate all 21 loans
✅ Reduce his EMI burden
✅ Offer a longer repayment tenure
✅ Free up working capital
This is where CashBazaar.in stepped in.
How CashBazaar Secured a ₹4 Crore Loan Against Property (LAP) from Jana Bank
Unlike traditional banks that only follow standard approval criteria, CashBazaar analyzed the client’s financial strength and built a customized loan strategy to help him.
1️ Proving Actual Income Beyond ITR Reports
- We gathered bank statements, proof of rental Income, investment records, and consulting contracts to prove his total Income.
- We prepared a detailed financial report to showcase his strong repayment ability beyond ITR filings.
2️ Securing a Loan Against Land Mortgage
- Many lenders refuse land mortgages, but we arranged an independent valuation proving the land’s high market value.
- We ensured all legal documents (title deeds, tax records, encumbrance certificate, NOC) were for lender approval.
3️ Identifying the Best Lender & Negotiating Interest Rates
- After evaluating multiple options, CashBazaar secured a ₹4 crore Loan Against Property (LAP) from Jana Small Finance Bank.
- Loan tenure: 10 years
- Competitive interest rate: 9.75% – 10.5%
- Collateral: Residential & commercial land
The Outcome: From EMI Burden to Financial Stability
💰 All 21 Loans Closed: ₹3.5 crore of outstanding Debt was paid off.
💰 Extra ₹50 Lakh Liquidity: The remaining amount provided working capital.
💰 EMI Reduced from ₹18 Lakh to ₹5.6 Lakh: A 70% reduction in monthly payments!
💰 Business Growth & Personal Freedom: With lower EMIs, the client had more liquidity for business expansion and personal expenses.
💰Finally Took an International Vacation! Years of financial stress were lifted, allowing him to enjoy time with his family.
Client Testimonial
“I was stuck paying ₹18 lakh in EMIs every month with no way out. CashBazaar structured a loan that banks refused to approve, securing me a ₹4 crore LAP from Jana Bank with lower EMIs. Now, I have financial stability and can finally focus on growing my business rather than worrying about Debt.”
This success story proves that even complex loan cases can be solved with the right financial strategy.
Why Choose CashBazaar for Loan Against Property?
✅ Get Higher Loan Amounts – We help secure LAP approvals based on real Income, not just ITR.
✅ Lowest Interest Rates – We negotiate competitive rates (as low as 9.75%).
✅ Loans Against Land Approved – We arrange LAP approvals even for land mortgages.
✅ Legal & Valuation Assistance – We handle all paperwork for smooth approval.
✅ Faster Processing – Get approvals in as little as 7–10 days.
Frequently Asked Questions (FAQs)
1️ Who is eligible for a Loan Against Property (LAP)?
Anyone with residential, commercial, or land property can apply. The key factors include:
✅ Income proof & financial stability
✅ Property valuation & legal clearance
✅ Credit history & repayment capacity
2️ Can I get a LAP on land?
Yes! While most banks reject land mortgage loans, we help secure LAP on land with select lenders like Jana Small Finance Bank, HDFC, and Bajaj Finance.
3️ What is the interest rate for a Loan Against Property?
Interest rates generally range between 9.75% – 14%, depending on:
✅ Loan amount & tenure
✅ Credit score
✅ Lender’s policies
4️ How long does it take to get a Loan Against Property?
With CashBazaar, loan approvals typically take 7–10 days, provided all documents are in order.
5️ What documents are required for LAP?
📌 Property documents (Title deed, tax receipts)
📌 Income proof (Salary slips, bank statements, ITR)
📌KYC documents (Aadhar, PAN, Address proof)
Final Thoughts: Get the Best Loan Against Property Today!
This case study proves that a Loan Against Property (LAP) isn’t just a loan—it’s a financial restructuring tool. Whether you need to consolidate high-interest loans, fund your business, or manage liquidity, LAP offers an innovative financing solution.
Suppose you’re struggling with multiple loans or want a high-value LAP with the best interest rates. In that case, CashBazaar is your trusted loan partner.
Need a Loan Against Property?
📞 Call CashBazaar Today!
Disclaimer: Loan terms, interest rates, and approval criteria vary based on lender policies. The above case study is based on actual client experience, but individual results may differ. Always consult a financial expert before making loan decisions.
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