✅ High loan amounts at attractive interest rates
✅ Flexible repayment options
✅ Minimal documentation for a seamless experience
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.