Loan Against Property
Your property's value, put to work, while you keep using it.
Use your residential, commercial or industrial property to raise a large amount at a much lower rate than unsecured loans. It is ideal for business expansion, debt consolidation, education abroad or big family expenses. You keep living in or using the property as usual.
- Loan amount
- ₹10 lakh to ₹10 crore+
- Tenure
- Up to 15 years
- Funding
- Up to 60% to 70% of market value
- Processing
- 7 to 15 working days
Choose the loan against property that fits you
Not sure which one is right? Tell us your situation and we'll recommend the best fit.
Against residential property
Mortgage your self-occupied or rented house or flat.
Against commercial property
Shops, offices and showrooms, owned by you or your business.
Lease rental discounting
A loan based on the rent your tenants pay on commercial property.
LAP balance transfer + top-up
Move an existing LAP to a lower rate and raise more funds.
Why people choose our loan against property advice
- Higher loan amounts at lower rates
- Long tenures for comfortable EMIs
- Use the funds for business or personal needs
- Overdraft-style LAP available with some lenders
Who can apply, and what it costs
We check your eligibility before applying, so there are no surprises and no unnecessary hits to your credit score.
- Property owners, salaried or self-employed
- Clear and marketable property title
- Proven repayment capacity
- Age up to 70 years at loan maturity
- Processing fee, usually up to 1% to 2%
- Legal and valuation charges
- Stamp duty and registration on the mortgage
- Foreclosure charges on fixed-rate or business loans
Loan Against Property interest rate: what decides it?
Loan Against Property interest rates change with the market and differ from lender to lender, and even between two applicants at the same bank. These are the factors that decide the rate you are offered.
What it depends on
- Credit (CIBIL) score: 750 and above usually gets the best rates
- Income, job or business stability and employer profile
- Existing EMIs compared with your income (FOIR)
- Loan amount, tenure and, for secured loans, the loan-to-value ratio
- Fixed or floating rate, and the lender's benchmark (repo / EBLR / MCLR)
- Processing fees and offers running at that lender
How to get a lower rate
- Compare several banks and NBFCs before applying; we do this for you
- Improve your credit score and clear small dues first
- Add an earning co-applicant to raise eligibility
- Negotiate the processing fee, not only the interest rate
- Review your loan every year and switch if a better rate is available
Documents required for Loan Against Property
Choose your applicant type to see the checklist. Keep self-attested copies ready; we'll collect and verify them for you.
Document Proof
8 items- Aadhaar Card
- PAN Card
- Voter Card
- Driving Licence
- Utility Bill (Electricity / Water)
- Passport
- Proposed Property Papers
- Login Cheque
Income Proof
4 items- Income Tax Return (2 yrs)
- Bank Statement (12 months)
- Current Salary Slip (if salaried)
- Form 16 (if salaried)
Document Proof
9 items- Utility Bill (Electricity / Water / Telephone)
- Bank Statement
- GST Certificate
- Udyam Certificate
- Aadhaar Card
- PAN Card
- Passport
- Proposed Property Papers
- Login Cheque
Income Proof
3 items- Income Tax Return (2 yrs)
- GSTR (3 yrs)
- Bank Statement (12 months)
Document Proof
8 items- Utility Bill (Electricity / Water)
- Bank Statement
- GST Certificate
- Company PAN Card
- MOA / AOA / COI
- Udyam Certificate
- Proposed Property Papers
- Login Cheque
Income Proof
5 items- Income Tax Return (2 yrs)
- GSTR (3 yrs)
- Bank Statement (12 months)
- Audited Balance Sheet (2 yrs)
- Complete Balance Sheet with Audit Report (3 yrs)
The exact list can vary by lender and your profile. Not sure what applies to you? Our advisor will confirm in one call.
From first call to disbursal
Scroll through the steps to see what we do at each stage.
Expert tips before you apply
- 1Get all owners of the property to join as co-applicants early.
- 2Keep property tax and society dues up to date; lenders check them.
- 3For business use, an overdraft-style LAP can save interest.
Loan Against Property: common questions
Talk to an expert today
Share a few details and we will call you back. The first consultation is free.
- Call us+91 92122 66375
- WhatsAppChat with an advisor
- Office hoursMon to Sat, 10:00 am to 7:00 pm
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We usually respond the same working day.
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