Loan Against Property
A Loan Against Property (LAP) is a secured loan where you can borrow money by mortgaging your residential, commercial, or industrial property. It is an ideal financial solution for individuals and businesses looking for large loan amounts at lower interest rates compared to unsecured loans. This type of loan allows you to unlock the value of your property without selling it. The loan can be used for multiple purposes, such as business expansion, debt consolidation, higher education, medical emergencies, or personal needs.
Features
- High Loan Amount Eligibility
- Lower Interest Rates
- Multi-Purpose Usage
- Quick Processing
- Flexible Repayment Options
- Long Repayment Tenure
Our Products
Loan Against Property
A Loan Against Property (LAP) is a secured loan where you can borrow money by mortgaging your residential, commercial, or industrial property. It is an ideal financial solution for individuals and businesses looking for large loan amounts at lower interest rates compared to unsecured loans.
This type of loan allows you to unlock the value of your property without selling it. The loan can be used for multiple purposes, such as business expansion, debt consolidation, higher education, medical emergencies, or personal needs.
With flexible repayment tenures, competitive interest rates, and customized loan structures, LAP provides financial support while keeping your long-term investments intact. The loan amount and eligibility depend on the current market value of the property, applicant’s repayment capacity, and credit profile.
Documents Required for Loan Against Property
Identity Proof
Identity proof is required to verify the applicant’s personal details and establish authenticity during the loan application process.
Address Proof
Address proof is required to confirm the applicant’s current residential or businessaddress.Submitted documents should clearly readable
Business Proof
Business proof documents establish the legal existence and nature of the business. These documents help lenders understand.
Financial Documents
Financial documents are required to assess the business’s financial health, cash flow, and repayment capacity.
KYC Documents of Proprietor
KYC documents are mandatory for verifying the identity and credentials of the business owners.
Additional Documents
Additional documents may be requested based on the loan type, amount, or lender’s policy. These documents
FAQ section for Loan Against Property
- 1 What is a Loan Against Property (LAP)?
- A Loan Against Property (LAP) is a secured loan where you can borrow money by mortgaging your residential, commercial, or industrial property. It allows you to access higher loan amounts at lower interest rates compared to unsecured loans.
- 2 Who is eligible to apply for LAP?
- Salaried individuals, self-employed professionals, proprietors, partnerships, and companies owning a clear property title can apply, subject to lender eligibility criteria.
- 3 What types of properties can be mortgaged?
- Residential property Commercial property Industrial property Agricultural property (subject to lender rules)
- 4 How much can I borrow?
- The loan amount depends on the current market value of the property, the applicant’s repayment capacity, income, and credit profile. Typically, lenders offer 50–70% of the property value.
- 5 What is the repayment tenure?
- Repayment tenure is flexible and usually ranges from 5 to 20 years, depending on lender policy and applicant preference.
- 6 What documents are required to apply?
- Applicants need to submit identity proof, address proof, property documents, financial statements, KYC documents, and any additional documents required by the lender.
