Maximize Your Property's Potential with Loan Against Property

With a LAP Loan, you can borrow against your property's value and achieve your financial objectives

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loan against property

Features and Benefits

Our LAP loan allows you to leverage the value of your property to secure a substantial loan amount and fulfill your financial goals

Higher Loan Amount

Higher Loan Amount

LAP loans allow borrowers to avail higher loan amounts compared to unsecured loans, as the loan is secured against the property

Lower Interest Rates

Lower Interest Rates

LAP loans typically offer lower interest rates compared to unsecured loans, making it a cost-effective financing option

Flexible Repayment Options

Flexible Repayment Options

Borrowers have the flexibility to choose the repayment tenure that suits their financial situation

Quick Processing

Quick Processing

Get speedy approval and disbursal with LAP loans, especially with well-organized property documents

Credit Score Improvement

Credit Score Improvement

Timely repayment of LAP loans boosts credit scores, aiding future credit applications

Tax Benefits

Tax Benefits

Depending on the purpose of the loan, borrowers may be eligible for tax benefits on the interest paid on the LAP loan

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a quick and transparent process

We have a simple online
application

Check Eligibility

Check Eligibility

Check eligibility criteria before applying for a loan to ensure approval possibilities.

Calculate Your EMI

Calculate Your EMI

Estimate your monthly EMI effortlessly with our user-friendly loan calculator.

Check Required Documents

Check Required Documents

Ensure which necessary documents are required for loan application.

Fill Application Form

Fill Application Form

Accurately provide all required information in the loan application form for prompt processing.

Eligibility and Documents

Essential documents that need to be provided to complete the process successfully are listed below:

Identification & Address Proof

Any government-issued identification document such as Aadhaar card, PAN card, passport, voter ID card, or driving license

Passport-Size Photos

Recent photographs of the loan applicant

Property Papers

Documents related to the property being purchased or used as collateral, including sale agreement, allotment letter, possession letter, and title deed

Income Tax Returns (ITR) & Form 16

Copy of the ITR filed for the previous years and Form 16, which is provided by the employer and reflects the tax deducted at source (TDS)

Salary Slips for 6 Months

Pay slips or salary certificates from the employer for the past six months, indicating the monthly income and deductions

Post-Dated Cheques (PDC) Mandates

PDCs or ECS mandates are provided to facilitate monthly loan repayments

Income Proof

Additional income proof documents may be required, such as bank statements for the past six months, balance sheets, profit and loss statements

Security Cheques

In some cases, we may ask for additional security cheques as a safeguard against any defaults in loan repayments

Frequently Asked Questions

Questions From Customers

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Eligibility criteria for a Loan Against Property typically include factors such as age, income stability, credit history, employment status, and the value of the property being purchased.
Commonly required documents for a Loan Against Property application include identity proof, address proof, income proof (such as salary slips or income tax returns), property documents, and bank statements.
The amount you can borrow for a Loan Against Property depends on various factors including your income, creditworthiness, existing financial obligations, and the value of the property being purchased. Lenders typically offer loans up to a certain percentage of the property's value, known as the loan-to-value (LTV) ratio.
Interest rates for Loan Against Propertys vary based on factors like the lender, loan amount, tenure, and prevailing market conditions. It could be fixed or floating, and rates may also vary based on individual credit profiles.
The processing time for a Loan Against Property application can vary depending on factors such Bank/NBFC as the efficiency, the completeness of your application, and the complexity of the property being financed. It typically ranges from a few days to a few weeks.
Lenders consider factors such as credit score, income stability, employment history, debt-to-income ratio, property value, and the loan-to-value ratio during the home loan approval process.
Loan Against Property tenures can vary depending on the lender and the borrower's preference, typically ranging from 5 years to 30 years.
Yes, borrowers often have the flexibility to choose their loan repayment tenure based on their financial situation and preferences, within the limits set by the lender.
Loan Against Propertys are typically repaid through Equated Monthly Installments (EMIs) comprising both principal and interest components, which are paid over the chosen tenure.
Some lenders may offer the option to change the EMI date for a Loan Against Property, subject to their terms and conditions.
While it may not be mandatory, it is advisable to insure your home against unforeseen events such as natural disasters or accidents to protect your investment.
Yes, Loan Against Propertys are typically secured by the property, which serves as collateral for the loan.
If the property is damaged or destroyed, it could impact your ability to repay the loan. In such cases, insurance or other arrangements may help cover the outstanding loan amount.
Loan Against Propertys are typically secured loans, requiring collateral in the form of the property being purchased. However, some lenders may offer unsecured loans with higher interest rates and stricter eligibility criteria.
Depending on the lender's policies and your creditworthiness, a guarantor may or may not be required for a Loan Against Property.
In many countries, governments offer subsidies or incentives for homebuyers, such as lower interest rates, tax benefits, or down payment assistance. These programs vary by region and may have specific eligibility criteria.
Yes, depending on the country's tax laws, borrowers may be eligible for tax benefits on Loan Against Property repayment, including deductions on the principal amount repaid and the interest paid.
Yes, self-employed individuals can apply for a Loan Against Property, but they may need to provide additional documents to prove their income stability and repayment capacity.
Lenders may impose restrictions on the age of the property being purchased with a Loan Against Property, typically preferring properties with clear titles and good structural conditions.
Loan Against Propertys are generally intended for purchasing residential properties. However, some lenders may offer top-up loans or loan against property (LAP) for other purposes, depending on their policies and your eligibility.

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