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Loan Against property

A loan against property (LAP) is a secured loan that banks, housing finance companies and NBFCs provide against residential or commercial property. These loans are usually offered at a lower interest rate as compared to a personal loan or business loan and are disbursed at a reasonable time.

  1. Loan Against residential property: This is a kind of loan provided against a residential property. The residential property is a collateral against which the lender gives a loan.
  2. Loan Against commercial property(includes industrial property & Land): This is a kind of loan provided against a commercial property. The commercial property is a collateral against which the lender gives a loan.
  3. Lease rent discounting: This is a term loan that is offered against rental receipts and is availed against lease contracts. You can go for LRD, in case you own a property that renders you fixed rentals.
  4. ROI Range: 6.90%* - 14.00%*


Benefits & Features

  1. Up to 80% Loan-to-value of the property
  2. Higher loan amounts up to Rs. 65 crores
  3. Low Interest rate: the rate of interest is very low in comparison with a personal loan or business loan
  4. Customized Product: LAP + working capital with 150% of property value
  5. Profile flexibility: this loan can be availed by Salaried and self-employed customers
  6. Long repayment tenure: lending companies allow you to repay the loan up to a period of 10 years
  7. Lower to no prepayment charges: – You can close your loan against property by making prepayments towards your loan. Lenders generally don’t charge prepayment charges in case of loan against property
  8. Types of property that can be mortgaged: Residential property, commercial property, industrial property, Land
  9. Customized Product: LAP + working capital with 150% of property value
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Available Offers

Bank Name Bank Loan Rates Tenure
Kotak BankKotak Bank6.50%12-36 Months
Aditya Birla Finance Limited6.50%12-36 Months
LIC6.60%12-36 Months
HDFC Bank6.75%12-36 Months
ICICI Bank6.75%12-36 Months
Godrej6.75%12-36 Months
IDFC First Bank6.90%12-36 Months
IDBI Bank6.90%12-36 Months
Tata Capital6.90%12-36 Months
Indiabulls Housing Finance Limited6.95%12-36 Months
L & T Housing finanace7.25%12-36 Months
PNB Housing Finance8.55%12-36 Months
ICICI Home Finance9.25%12-36 Months
Form Application

APPLY FOR

  • 1 Personal Details
  • 2 Address
  • 3 Company Details
  • 4 Financial Information
  • 5 Your Reference

Personal Details

Customer First Name*
Customer Last Name*
Contact*
Profile*
Date Of Birth*
Pan Card No.*
Aadhar Card No.*
Passport No.
Email Id (Personal)*
Email Id (Official)*
Marital Status*
Father First Name*
Father Last Name*
Mother First Name *
Mother Last Name *
No. Of Dependants
Total Work Experience*
Educational Qualification*
Spouse First Name*
Spouse Last Name*
Worked in the Current Office (in Years)?*
Who owns the House?*
Who owns the Office?*
Loan Amount
Income/Month (If Salaried, ITR)
Obligation [Any Existing Loan/Liability]
Age
Loan Tenure(In Months)

Required Documemnts List

Salaried

  • Photo
  • Pancard
  • Adhar Card
  • Current Residence Address proof
  • Employee ID Card
  • Latest 3 months Salary Slip
  • 3 years Form 16 OR 3 years Job continuity proof If less than 3 years in current organisation then ( previous organisatio
  • Bonus / Incentive/ Reimbursement /Other perk than salary - Required documents of proof + Bank statement of reflection
  • Rent Income - Valid Rent Agreement + Ownership Proof + Bank statement of reflection
  • 12 Months Bank statement of Salary reflection ( PDF Only)
  • All ongoing Loan sanction Letter, EMI reflection Bank statement for 12 months , SOA , EMI sheet for ongoing Loan

Self Employed Professional

  • Pancard
  • Adhar Card
  • Current Residence Address proof
  • Office Address and Business Proof -Shop Establishment liecence/ GST certificate/Udyog Aadhar
  • Doctor/CA/ Architect ---Degree Certificate and Qualification certificate ( Mandatory)
  • Latest 3 year ITRS - Saral Page + Computation of Income+ Balance Sheet + P&L Account statement + CA attested ( if audited then all schedule + 3CB ,3CD Form +complete set )
  • Rent Income - Valid Rent Agreement + Ownership Proof + Bank statement of reflection
  • 12 Months Bank statement of Saving and Current Account ( PDF only)

Self Employed Non Professional

  • Pancard
  • Adhar Card
  • Current Residence Address proof
  • Office Address and Business Proof -Shop Establishment liecence/ GST certificate/Udyog Aadhar/ Udyam/Import and Export certificate, if any Govt issued documents on company or firm name
  • If partneship Firm - Pancard, Partnersheep Deed, Retirement deed( If any), Share holding pattern, PAL ( Partnersheep Aut
  • If Company -MOA/AOA, company Pancard,Incorporation certificate, Share holding Pattern with CA attested,Company profile
  • Latest 3 year ITRS - Saral Page + Computation of Income+ Balance Sheet + P&L Account statement + CA attested ( if audite
  • 12 months GSTR Challan filling
  • Rent Income - Valid Rent Agreement + Ownership Proof + Bank statement of reflection
  • 12 Months Bank statement of Saving and Current Account ( PDF only)

Customer Journey