Loan Against Property
Get the best rates for your property that will work as your working capital right away for a fee
What is Loan Against Property?
Loan against property (LAP) means a loan that is given or disbursed against the property. The loan is disbursed at a certain percentage of market value of the property, usually around 50% – 90%. Loan against property is the part of secured loan category where the borrower issues a guarantee by using property as security.
Maximum Loan Amount
50% – 90% Property Value
5 – 15 Years
11% – 18% Depending on Loan Term
How to apply for Loan Against Property?
Fill simple application form
We are coordinating
with 30+ banks / NBFCs to get your application.
We get the best rates for you.
Loan is approved and amount credited.
Advantages of Loan Against Property?
☞ Lower interest rates as its secured loan.
☞ The loan amount can be used for Business Working Capital.
☞ Greater Credit Eligibility.
Minimum Requirements for Loan against property
₹ 1 Crore
TIME IN BUSINESS
Documents required for Loan Against Property or Mortgage Loan
PROCESSING FEE CHEQUE
COPY OF PROPERTY DOCUMENTS
LAST 3 YEARS BALANCE SHEET
LATEST OD/CC SANCTION LETTER
INCOME TAX RETURN OF LAST 3 YEARS
PROOF OF BUSINESS
PROFIT & LOSS STATEMENT
Frequently asked questions
☞ However, the EMI amounts stays the same, every month the part of interest keeps coming down and principal keeps on increasing, except when interest rate increases.
☞ LAP tenure in India ranges from 5 years to maximum of 18 years. Longer the tenure, lower the EMI.
☞ Other instruments can include post-dated cheques (PDCs) and by demand drafts, although, these are rarely used nowadays.
☞ Cost/value of the property against which you want loan are considered
☞ Your track record for other loans, credit cards repayments are considered