Loan Against Property (LAP)
Unlock the Value of Your Property!
Get high-value funds against your residential or commercial property. Flexible repayment options with trusted banking partners.
Top Up
After 6 Months
Collateral
Residential, Commercial, Plots/Industrial Space.
Interest Rate
9.25%* Per Annual Onwards
Loan Tenure
Upto 240 Months
Processing Fees
Upto 1%* Of Loan Amount
What Is a Loan Against Property (LAP)?
A Loan Against Property (LAP) is a secured loan where you pledge your residential, commercial, or industrial property as collateral to get funds from a bank or financial institution. The loan amount is offered based on the property’s market value, and you can use the funds for business expansion, education, medical needs, debt consolidation, or any other personal or professional requirement. Since the loan is secured, it usually comes with a lower interest rate, higher loan amount, and longer repayment tenure compared to unsecured loans.
Who typically requires Loan Against Property (LAP)?
Business Owners– For expanding operations, purchasing inventory, managing cash flow, or funding new projects.
Self-Employed Professionals– Doctors, lawyers, traders, and consultants needing funds for professional or personal use.
Salaried Individuals– For large expenses like education, home renovation, or wedding costs.
Real Estate Investors– To leverage existing property for new property purchases or construction.
People Seeking Lower-Interest Funding– Those who want a higher loan amount at a more affordable rate compared to unsecured loans.
Borrowers Consolidating Debt– To combine multiple high-interest loans into one low-interest secured loan.
Features and Benefits of Fast-Approved Against Property (LAP) Loan?
Features:
High Loan Amount based on property market value.
Fast Approval & Quick Disbursal with minimal documentation.
Long Repayment Tenure typically ranging from 5 to 15 years.
Flexible Interest Rates with both fixed and floating options.
Use for Multiple Purposes like business expansion, working capital, education, medical, or personal needs.
Available for Residential, Commercial & Industrial Properties.
Balance Transfer Facility to shift existing LAP to a lower interest rate.
Top-Up Loan Option for additional funding without new paperwork.
Benefits:
Lower Interest Rates compared to personal or unsecured loans.
Continue Using Your Property while availing funds—no need to vacate.
Improves Cash Flow for business growth or emergencies.
Higher Eligibility due to secured nature of the loan.
Reduced EMI Burden with longer tenure choices.
Quick Funding During Urgent Needs with fast approval process.
Stable & Reliable Source of Finance with predictable repayment options.
How to Apply for a Loan Against Property (LAP) Loan?
Eligibility Criteria:
Age Requirement: Salaried:- 21–60 years Self-employed:-25–65 years.
Income Stability: Regular and stable monthly income to ensure repayment capacity.
Credit Score: Minimum 650–700 score; higher scores get better rates.
Property Ownership: Applicant must be the legal owner of the residential, commercial, or industrial property.
Property Condition & Value: Property must be in good condition and in a lender-approved location. Loan amount depends on 50%–75% of property’s market value (varies by lender).
Employment/Business Vintage: Salaried: Minimum 1–2 years of job stability Self-employed: 3+ years of business continuity.
Financial Documents: Valid KYC, IT returns, bank statements, salary slips, property papers, etc.
Existing Debt Obligations: Lower EMIs and better financial discipline improve eligibility.
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