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%
× Whatsapp us!