Looking for a loan against property (LAP) to fund the growth of your SME?
Then CRISIL’s LAP Grading is for you.
We evaluate through a robust due-diligence process LAP loans given against mortgage of residential/industrial/commercial property.
This enables lenders to gain a 360-degree view of the business and property of borrowers, control loan-to-value ratios, practice valuation discipline, and keep a hawk’s eye on their LAP portfolio.
Product Features
CRISIL’s gradings include understanding the lending institution’s appraisal process, developing methodology, assessment of nature of business, quality of management, financial strength of the entity, collateral quality, and adherence to underwriting process
Product Benefits
A third-party evaluation by CRISIL offers comfort to lenders on their asset class and provides a broader and deeper perspective into their loan portfolio
The exercise helps lenders in proactive customer management: retention, upsell/ cross-sell and delinquency management
The LAP Grading exercise increases comfort and transparency on the asset class for key stakeholders
The learnings from the grading process acts as feedback for lenders to improve loan underwriting and continuously upgrade lending policies
