Loan Against Property Features

Low Interest Rates

Competitive rates starting from 9% p.a. on property loans.

Long Repayment Tenure

Repayment tenure of up to 15 years to make payments easier.

Quick Disbursement

Funds disbursed quickly once your property is evaluated.

Collateral Security

Your property acts as collateral, ensuring a secure loan.

Why Choose Our Loan Against Property?

Benefits of using your property for a loan:

  • Loan amount up to 70-80% of the property value
  • No prepayment charges for partial or full payments
  • Flexible repayment options with lower EMI
  • Loans for residential, commercial, and industrial properties
  • Fast loan processing and approval

Use Your Property to Secure Funds

Get quick and easy access to funds with flexible terms, using your property as collateral.

  • Lower interest rates due to collateral security
  • Quick approval and processing
  • Repayment tenure up to 15 years

Apply for Loan Against Property

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Loan Against Property Eligibility

Check your eligibility to avail LAP:

  • Age - 21 to 65 years old
  • Income - Minimum monthly income of ₹30,000
  • Credit Score - Minimum 650

Documents Required

  • Identity Proof (Aadhar, PAN Card)
  • Address Proof (Utility Bills, Passport)
  • Income Proof (Salary Slips, Bank Statements)
  • Property Documents (Title Deed, Registration Papers)

Loan Against Property Calculator

Use the formula below to calculate your monthly EMI.

EMI Calculation Formula:

The formula for calculating EMI is:

EMI = P × r × (1 + r)^n / [(1 + r)^n - 1]

Example EMI Calculation:

Example details:

  • Loan Amount (P): ₹25,00,000
  • Annual Interest Rate: 9% (monthly r = 0.0075)
  • Tenure (n): 10 years (120 months)

EMI = ₹32,124.45/month (approximately)

Frequently Asked Questions
What is a loan against property (LAP)?
A Loan Against Property (LAP) is a secured loan where you pledge your property (residential or commercial) as collateral to borrow funds. It can be used for various financial needs, including business expansion, medical expenses, or education.
How much loan can I get against my property?
The loan amount is typically 60-80% of the property's market value, depending on the lender's policies, your credit score, and your income.
What type of property can I use as collateral?
You can pledge residential, commercial, or industrial properties as collateral for a loan against property, as long as the property is legally clear and free from any disputes.
What is the tenure for a loan against property?
The repayment tenure for a loan against property generally ranges from 5 years to 15 years, depending on the lender and your repayment capacity.
Do I need to provide collateral for a loan against property?
Yes, a loan against property is a secured loan, meaning the property you offer will be used as collateral until the loan is repaid in full.