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Loan Against Property


Get the best rates for your property that will work as your working capital right away for a fee

Loan Amount*

Mobile Number*

Net Monthly Income (in Rs.)*

Monthly EMI

Type of property?

How much would you like to borrow?

Email*

Name*

Occupation*

In which city is the property?*

Approx Property Value (in Rs.)*

For how long do you want to borrow?

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

Loan Term

5 – 15 Years

Interest Rates

11% – 18% Depending on Loan Term

Speed

3 Days

How to apply for Loan Against Property?

Apply Online

Fill simple application form

We are coordinating

with 30+ banks / NBFCs to get your application.

Rates

We get the best rates for you.

Approval

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

 

ANNUAL REVENUE

₹ 1 Crore

CREDIT SCORE


TIME IN BUSINESS

2 Years

Documents required for Loan Against Property or Mortgage Loan

 

PAN CARD/PASSPORT

PROCESSING FEE CHEQUE

BANK STATEMENT

CREDIT SCORE


COPY OF PROPERTY DOCUMENTS

LAST 3 YEARS BALANCE SHEET


LATEST OD/CC SANCTION LETTER

INCOME TAX RETURN OF LAST 3 YEARS

PROOF OF BUSINESS

AADHAR CARD/PASSPORT

PROFIT & LOSS STATEMENT

Frequently asked questions

☞ Lenders give loan against those property whether they are residential (rented out and self occupied) or commercial properties. A plot or land without construction can also be considered as collateral by the lender.
☞ LAP EMI is a defined amount you will pay for repayment of your loan monthly till the loan is completely paid.
☞ 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.
☞ The easiest way of paying a mortgage loan EMI is by the way of ECS in favour of the bank. It is not necessary to have a bank account in the same bank from whom you have availed the loan.
☞ Other instruments can include post-dated cheques (PDCs) and by demand drafts, although, these are rarely used nowadays.
☞ Key benefit of paying LAP EMI through ECS is that, there is no signature mismatch risk for cheque bouncing or any other technical issue. Note heavy cheque bouncing charges are charged by the banks even for technical bounce and therefore, it is advisable to avoid this risk by availing ECS mode of debit.
☞ Loan amount – Higher the loan amount, higher will be the EMI. Rate of interest – Lower the loan interest rate, lower the EMI. Loan Tenure – Longer the loan tenure, lower the EMI.
☞ Yes you can you can repay your loan ahead of schedule and there is no prepayment fee only if you repaying the loan from your own source of funds and without transferring the loan.
☞ Your income, savings, debt obligations are considered.
☞ Cost/value of the property against which you want loan are considered
☞ Your track record for other loans, credit cards repayments are considered