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Loan Against Property

Some time we need finance for some personal or business needs at that time Loan against Property is the easiest and cheapest way to get finance. Loans can be obtained against both commercial and residential properties.

Loan against property (LAP), are basically loans provided by banks against the security of one's own property. LAP is designed to meet the financial needs of someone who already owns a house or multiple properties so as to get the best out of their assets. It's important to remember that the property which you are putting up for your loan should be free any encumbrance (i.e. it is not given as security for any purpose or any other loan).

Banks provide LAP for both Salaried as well as Self-Employed individuals. The rates and loan amounts differ based on your property and your annual income.

Banks will always want to consider all risks, which is why while you are applying for your loan against property, there are certain factors the bank considers with respect to your property to mitigate its risks in giving out the loan. These factors determine your rate of interest, and loan amount. You can get a LAP of up to 80% of the registered value of your property depending on the Bank's policy and the property type and valuation. The value of the property would be determined through a valuation conducted by the Loan Provider.

Individuals apply for LAP for a variety of reasons. Some of the common ones are your Childs wedding, loans for new business ventures, second homes, vacations, medical treatment just to name a few.

Advantages of taking a Loan against Property

  • Cheaper than Personal Loans: It works out to be much cheaper than a personal loans.
  • Longer Loan Tenure: The tenure for a Loan Against Property is usually longer than that for a personal loan.
  • Lower EMI: Since the rate of interest is lower and longer Tenure EMI will be law.
  • Simple documentation and Fast Approvals: LAP being a secured Loan has comparatively faster approvals and minimal documentation.


Loan Against Property can be taken for following purposes:

  • Get your child married
  • Send your child for higher studies
  • Fund your dream vacation
  • Fund Medical Treatments
  • Repairing of Flat
  • Paying off your other Loans at higher interest



Navi Mumbai : Shop no 8, Priyanka Darshan,
plot no 35, sector 10,
Sanpada, Navi Mumbai – 400 705.
+91 9967252743