Overview
Loan Against Property (LAP) allows you to leverage your residential or commercial property to secure substantial funding at competitive interest rates. Whether you need funds for business expansion, debt consolidation, or personal requirements, this secured loan option provides flexibility with extended repayment tenure up to 20 years.
Loan Amount
₹15 Lakh – ₹10 Crore
Interest Rate
9% – 15% p.a.
Tenure
Up to 20 Years
LTV Ratio
Up to 75%
Key Features
Property as Collateral
Use your residential or commercial property as security to get substantial loan amounts.
Attractive Interest Rates
Enjoy lower interest rates starting from 9% per annum due to secured nature of the loan.
High Loan Amount
Get loans up to ₹10 crores based on property value and repayment capacity.
Extended Tenure
Flexible repayment options with tenure extending up to 20 years for comfortable EMIs.
Multi-Purpose Usage
Use funds for business expansion, education, medical emergencies, or debt consolidation.
Continue Property Usage
Keep using your property while it serves as collateral for the loan.
Eligibility Criteria
Property Requirements
- Property should be self-occupied, rented, or vacant
- Clear and marketable title with proper documentation
- Property age should not exceed 30 years
- Located in approved locations/cities
- Minimum carpet area of 300 sq ft
Applicant Requirements
- Age between 25 to 70 years
- Indian resident with valid identity proof
- Stable income source for 2+ years
- CIBIL score of 650 or above
- Should be owner/co-owner of the property
Documents Required
👤 Personal Documents
- PAN Card of applicant & co-applicant
- Aadhaar Card with latest address
- Passport size photographs (6 nos.)
- Residence proof (Utility bills)
- Age proof (Birth certificate/Passport)
- Bank statements (12 months)
- Signature verification
🏢 Property Documents
- Sale deed/Conveyance deed
- Title documents & chain of documents
- Property tax receipts (3 years)
- Approved building plan
- Occupancy certificate
- NOC from builder/society
- Property insurance documents
📄 Income Documents
- Salary slips (3 months) for salaried
- Form 16/ITR (2-3 years)
- Employment certificate
- Business financials (self-employed)
- GST returns & bank statements
- LRental income proof (if any)
- Other income proof
Property Types Accepted
Residential Property
House, Flat, Villa, Bungalow
Commercial Property
Office, Shop, Showroom
Industrial Property
Factory, Warehouse, Godown
Land/Plot
Residential/Commercial Plot
Other Fees & Charges
| Processing Fee | 1% to 3% of loan amount | Legal & Technical Fee | 0.5% to 1% of loan amount |
| Prepayment Charges | 2% to 4% of outstanding | Cheque Return Charges | ₹500 per instance |
| Late Payment Fee | 2% per month | Statement Charges | ₹100 per statement |
| Documentation Fee | ₹5,000 to ₹15,000 | Loan Cancellation | 1% of sanctioned amount |
Application Requirements
Initial Application
Submit the loan application form with basic business and personal details.
Document Submission
Provide all required documents for verification and assessment.
Credit Assessment
Our team will evaluate your creditworthiness and business viability.
Property Valuation
Technical and legal verification of collateral property (if applicable).
Loan Approval & Disbursement
Upon approval, complete loan documentation and receive funds.
Ready to Apply for Medium-Term Loan?
Get quick approval with competitive interest rates. Our experts are ready to help you with your financing needs.