Loan Against Property
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Loan Against Property
Unlock the value of your property while retaining ownership with our Loan Against Property (LAP) solutions. We offer loans up to 70% of your property's market value, with amounts ranging from ₹10 lakhs to ₹10 crores at attractive interest rates starting from 9.25% p.a. Whether you need funds for business expansion, education, medical emergencies, or debt consolidation, our flexible repayment tenures up to 15 years make it easier to manage your finances. Residential, commercial, and industrial properties across major cities are eligible for financing.
Why Choose Our Loan Against Property?
Our LAP offers the perfect blend of high-value funding and low-interest costs. Benefit from doorstep service for property evaluation, minimal processing fees, and quick disbursal within 5-7 working days. We provide flexible repayment options including step-up/step-down EMIs and interest-only payment periods. Special schemes are available for self-employed professionals, women borrowers, and senior citizens. Our transparent process ensures no hidden charges, with complete clarity on all costs from the first interaction.
- Loan amounts from ₹10 lakhs to ₹10 crores based on property value
- Long repayment tenure up to 15 years
- Competitive interest rates starting at 9.25% p.a.
- Accepts residential, commercial and industrial properties
We understand that every borrower's needs are unique. That's why we offer customized solutions including overdraft facilities against property for business owners needing flexible access to funds. Our digital application process reduces paperwork, while our relationship managers guide you through every step. Properties in prime locations get preferential valuation. Top-up loans are available for existing customers with good repayment history. With complete transparency in property valuation and legal checks, you can be assured of a fair deal.
Frequently Asked Questions
What properties are eligible for loans?
We accept residential (self-occupied or rented), commercial (offices, shops), and industrial properties. The property should be free from legal disputes, with clear title deeds. We finance properties in urban and semi-urban areas with proper municipal approvals. Agricultural land and properties under litigation are not eligible.
How is the property value determined?
Our valuation considers: 1) Current market price based on location and property characteristics, 2) Construction quality and age of property, 3) Legal status and documentation, 4) Future appreciation potential. We use a panel of approved valuers to ensure fair assessment. The loan amount is typically 50-70% of the assessed value.
Can I prepay the loan? Are there any charges?
Yes, you can prepay the loan after 12 EMIs without any prepayment charges. For prepayment within first year, a nominal charge of 2% applies. Partial prepayments are allowed from the 13th EMI onwards with minimum ₹50,000 per transaction. No charges apply for foreclosure from your own sources after 1 year.
