Easily Turn Your Property into Cash

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Apply Loan

Submit your property and income details online or at the branch.

Approval

Get your loan evaluated and approved with minimal paperwork.

Disbursal

Receive the funds directly into your account after verification.

Features and Benefits of our Loan Againt property

The following are the ways a personal loan can be useful:

⦿ Secured Loan: When taking out a secured loan, the property itself acts as collateral. This lowers risk for the lender and often results in lower interest rates compared to unsecured loans.

⦿ Loan Amount: Your loan amount will depend on the value of the property that is pledged as collateral. Generally speaking, secured loans tend to provide more significant loan amounts compared to personal loans or unsecured loans.

⦿ Flexible Repayment Period: Loan Against Property is often extended over longer repayment periods compared with other types of loans – often 5-20 years – providing lower monthly installments.

⦿ Multipurpose Loan Amount: Your loan amount can be used for various purposes, enabling you to fulfill various financial needs without restrictions or boundaries.

⦿ Successful Loan Repayment Can Improve Credit Scores: Repaying your Loan Against Property can have a positive effect on your credit score by showing responsible borrowing behavior and contributing to its improvement.

Loan Against Property Eligibility Criteria and Documents

⦿ Nationality: To apply, you must be an Indian Citizen who can produce documents to back up his/her claim.

⦿ Occupation and Income Details: Your lender will ask for details regarding your occupation and income to gauge both its professional viability as well as your financial stability, in order to assess your creditworthiness.

⦿ Credit History: Your three-digit Credit Score will serve as an indication of your track record when it comes to repaying loans and other forms of credit, and will ultimately decide your eligibility for a LAP loan.

⦿ Bank Relationship: Establishing a good banking relationship will increase your odds of approval for a LAP loan and give you better terms and conditions with regards to loan value, interest rates, period length of the loan term, hidden charges or processing fees.

⦿ Market Value of Property: Your lender reserves the right to determine the loan amount and terms and conditions of your mortgage loan based on the market value of your collateral property. Furthermore, this value must exceed that calculated on current value calculations for maximum affordability of loans secured against it.

⦿ Title to Property: Lenders require that you are the current existent owner of the property in question; in cases of co-applications, each applicant will need to present evidence that each has clear title to their share of it. Furthermore, none other financial institution should hold mortgage rights over it.

Documents required to apply for Loan Against Property

⦿  Proof of identity/residence

⦿  Proof of income

⦿  Property-related documents

⦿  Proof of Business (for self-employed)

⦿  Account statement for the last 6 months

Loan Against Property EMI Calculator

Loan Calculator

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  • EMI Amount (Principal + Interest)
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  • Loan Duration
  • Your EMI Amount
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Personal Loan Reviews

I availed a loan against property and the process was incredibly smooth. The interest rate was competitive, and the staff was very supportive in explaining the documentation. I received the funds within a week, which helped me handle my financial crisis. Highly recommend this to anyone in need of large sums without liquidating their assets.

A Lifesaver in Tough Times

Santosh

Taking a loan against property was a good decision for me. The valuation of my property was fair, and I got a loan amount that met my needs. However, the paperwork was a bit time-consuming. Overall, I’m happy with the service and would choose this option again in the future.

Decent Option for Large Loans

Nisha Gupta

The loan against property from [Lender Name] provided me with much-needed capital to expand my business. The EMI structure was flexible, and I didn't feel financially burdened. It’s great to use the value of your property without selling it.

Best Way to Utilize Property Value

Mona Singh

While the loan amount and interest rate were acceptable, the processing time was longer than expected. Additionally, I had to visit the branch multiple times to clarify some points. The service could be more efficient, but overall, it’s a reliable option for those who need substantial funds.

Could Be Better

Arun Mehta

I was initially hesitant, but the transparency of [Bank Name] reassured me. They explained every step, from property evaluation to disbursement. No hidden charges, and the process was hassle-free. I’m very satisfied with the overall experience!

Transparent and Reliable

Bablu Chauhan
Loan Amount
Loan Duration

Rate of Interest

EMI Amount
Principal + Interest

Interest Payable

Your EMI Amount

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FAQs

A Loan Against Property (LAP) is a secured loan where you can borrow funds by pledging your residential, commercial, or industrial property as collateral.

A LAP can be used for various purposes, including:

⦿  Expanding a business

⦿  Funding higher education

⦿  Managing medical expenses

⦿  Home renovation

⦿  Consolidating debts

Eligibility requirements generally include:

⦿  Minimum age of 21 years

⦿  Stable income source (salaried or self-employed)

⦿  Clear title of the property being pledged

⦿  Good credit history

Eligible properties typically include:

⦿  Residential property (self-occupied or rented)

⦿  Commercial property

⦿  Industrial property (in some cases)

The loan amount depends on the value of the property, typically ranging from 50% to 70% of its market value.

Required documents generally include:

⦿  Identity and address proof

⦿  Income proof (salary slips, bank statements, or ITR)

⦿  Property documents (title deed, ownership proof)

⦿  Property tax receipts

The lender appoints a certified valuer to assess the market value of your property before determining the loan amount.

The loan tenure can range from 5 to 15 years, depending on the lender and the borrower's repayment capacity.

Yes, most lenders allow prepayment. However, prepayment terms and any applicable charges vary by lender.

You can apply by filling out the loan application form on our website or contacting our customer support team. We’ll guide you through the process and connect you with the best lender.

Loan Against Property

Get a loan against your property with low interest rates, flexible terms, and quick approval. Unlock funds to meet your business or personal goals today!

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