Apply Now

Loans Against Property – An Overview

Loans against property (LAP) are secured loans where you can borrow money by mortgaging your property, either residential or commercial. These loans come with lower interest rates and longer repayment tenures compared to unsecured loans.

Lower Interest Rates: As the loan is secured, banks offer lower interest rates compared to unsecured loans.
Higher Loan Amounts: You can get a larger loan amount based on the value of the property.
Flexible Repayment Terms: LAPs come with flexible repayment options, allowing you to repay the loan over an extended period.

Documents Required for Loans Against Property


The following documents are generally required to apply for a loan against property:

PAN Card of the Applicant

Aadhar Card or Address Proof

Income Proof (Salary Slips, Bank Statements, ITR)

Property Documents (Title Deed, Sale Agreement, etc.)

Photographs (Passport Size)

Processing Fee Cheque

Eligibility for Loans Against Property


Eligibility for loans against property is determined based on factors like the property’s market value, the applicant's income, credit score, and repayment ability.

Frequently Asked Questions

What is a Loan Against Property?

A loan against property is a secured loan where you pledge your property (residential or commercial) as collateral to the lender in exchange for a loan.

How Much Loan Can I Get Against My Property?

The loan amount is typically a percentage of the property's market value, usually ranging from 40% to 70% depending on the lender and type of property.

What are the Risks Involved in a Loan Against Property?

The main risk is the possibility of losing your property if you fail to repay the loan within the agreed-upon tenure. Always ensure you can meet the repayment terms before applying.