Loan Against Property

    Overview

    If you have a residential or commercial property owned by you, then you could use your property as collateral for your loan. This is a secured loan, which leverages the cash potential of your property.

    Who can Apply?

    LAP is available to both salaried and self-employed persons and against commercial as well as, residential property.

    What document is required

    In case of Salaried
    • Latest 3 months salary slip / certificate for fixed salary / Latest Form 16
    • Last 6 months bank statement/Passbook of the salary account
    • Proof of Residence (Latest Electricity Bill, Utility bill, piped gas bill, telephone bill, Aadhar card, Passport, Voter ID, Driving License )
    • Proof of identity (Valid passport, Voter’s ID, Valid Driving license with photograph, Pan card, Aadhar card)
    • Copy of property paper to be mortgaged
    In case of Self Employed
    • IT- returns for the last 2 years along with computation of income certified by CA
    • Last 6 months Bank statement for operative account both personal and business
    • Proof of Residence (Latest Electricity Bill, utility bill, piped gas bill, telephone bill, Aadhar card, Passport, Voter ID, Driving License)
    • Proof of identity (Valid passport, Voter’s ID, Valid Driving license with photograph, Pan card, Aadhar card)
    • Copy of property paper to be mortgaged
    *All documents to be self attested.

    Why opt for Personal Loan

    • Easy documentation
    • Door step assistance
    • Flexible repayment options
    • Fast Approval

    Our Channel Partners

    click on channel to view rate of interest

    Rate of Interest:10.5% onwards
    Processing Fees:0 (NIL)
    Max Loan:60% of the Property Market Value
    Tenure:5 – 15 years
    Other Information:Loan Against Property
    Sanction TAT:2 working days
    Sanction Validity:3 months*
    Disbursement TAT:7 days
    Lock In period:6 Months
    Repayment / Foreclosure Charges (of Loan amt outstanding):0%**

    *Extended for additional 3 months

    **In case of take over – 2% of the loan amount outstanding

    Rate of Interest:9.5% onwards
    Processing Fees:0.50 – 0.75% of the Loan Amt (+ GST)
    Max Loan:50-65% of the Property Market Value
    Tenure:Max 15 years
    Other Information:Loan Against Property
    Sanction TAT:7-15 working days
    Sanction Validity:6 months
    Disbursement TAT:4 days
    Lock In period:0
    Repayment / Foreclosure Charges (of Loan amt outstanding):2% (Above 25% of o/s)
    Rate of Interest:10.5% onwards
    Processing Fees:0 (NIL)
    Max Loan:60% of the Property Market
    Tenure:5 – 15 years
    Other Information:Loan Against Property
    Sanction TAT:2 working days
    Sanction Validity:3 months*
    Disbursement TAT:7 days
    Lock In period:6 Months
    Repayment / Foreclosure Charges (of Loan amt outstanding):0%**

    *Extended for additional 3 months

    **In case of take over – 2% of the loan amount outstanding

    Rate of Interest:10.5% onwards
    Processing Fees:1% of the Loan Amt (+ GST)
    Max Loan:60% of the Property Market Value
    Tenure:1 – 15 years
    Other Information:Loan Against Property
    Sanction TAT:7 working days
    Sanction Validity:3 months
    Disbursement TAT:2 days
    Lock In period:0
    Repayment / Foreclosure Charges (of Loan amt outstanding):0%
    Rate of Interest:10.5% onwards
    Processing Fees:1% of the Loan Amt (+ GST)c
    Max Loan:3 Cr (50% of the Property Market Value)c
    Tenure:1 – 12 years
    Other Information:Loan Against Property
    Sanction TAT:3 working days
    Sanction Validity:15 months
    Disbursement TAT:2 days
    Lock In period:1 year
    Repayment / Foreclosure Charges (of Loan amt outstanding):4%
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