Leverage Property, Fuel Your Growth!
Leverage your residential or commercial property to access high-value loans at competitive interest rates. Ideal for business expansion, personal needs, or debt consolidation with flexible repayment options.
Get quick approvals, minimal documentation, and the freedom to use funds as needed. Whether you’re a salaried individual or a business owner, our loan against property solutions are tailored to meet your financial goals—securely and efficiently.
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What is a Loan Against Property?
A Loan Against Property is a secured loan where you pledge your residential, commercial, or industrial property as collateral to borrow funds. It is typically used for business expansion, education, medical expenses, or personal needs.
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What types of properties can be pledged?
You can pledge residential property, commercial property, industrial property and even vacant land / plot in some cases. The property must be legally owned and free from significant legal disputes.
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How much loan amount can I get?
The loan amount typically ranges from 50% to 75% of the current market value of the property, depending on the lender’s policies and the type of property.
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Who can apply for a Loan Against Property?
Salaried Individuals, Self-Employed Professionals or Business Owners, Partnership Firms and Private Limited Companies can apply for a Loan Against Property. Applicants must have a stable income source and good credit history.
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What is the tenure of a Loan Against Property?
Loan tenures can range from 5 to 15 years, depending on the borrower’s eligibility and lender’s terms.
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Can I prepay my Loan Against Property?
Yes, most lenders allow partial or full prepayment. However, some may charge a prepayment or foreclosure fee, especially for fixed-rate loans.
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Can I continue to use the property after pledging it?
Yes, you retain ownership and can continue using or renting out the property unless you default on repayments.
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What happens if I fail to repay the loan?
If you default, the lender has the legal right to initiate recovery proceedings, which may include auctioning the pledged property to recover dues.
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Is there any tax benefit on LAP?
Generally, no tax benefit is available under LAP unless the loan is used for business purposes, in which case interest paid may be claimed as a business expense.
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Can I use a LAP to purchase another property?
Yes, you can use LAP funds to purchase another property. The existing property is mortgaged to the lender, and the LAP amount is used to purchase for another property.
