Loan against Property (LAP)
Avail Loan against Property at attractive interest rate

Avail loan against property (LAP) for your personal or business needs at attractive interest rates. Both residential and commercial properties can be mortgaged for availing a loan against property.

We provides a smooth & hassle-free loan against property to both salaried and self-employed individuals. Loan against property is a simple solution to your financial needs.

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Loan Against Property up to `5 crores*

Our mortgage products offer loan amounts up to 70% of your property's market value. With loans up to `5 crores*, you can fulfil your business and personal needs with ease.

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Easy interest rates

Get the very best interest rates on loan against property in the market with our loan against property and maximise your benefits. We offer flexible repayment tenures so that you can plan your finances according to your needs.

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Personalised products to suit your individual needs

We offer different types of Loan Against Property products to suit all your needs at different life stages.

Loan Against Property Eligibility

The loan against property eligibility depends on whether you are a salaried individual, self-employed, or an SME. Your repayment potential is assessed on factors such as your income, fixed obligations, credit history, etc. Thus, along with the loan application, you will have to submit the following documents required for a loan against property.

  1. Proof of Identity
  2. Address Proof
  3. Age proof
  4. Bank Statements for the last 6 months
  5. Last 6 months salary slips (for salaried customers)
  6. Audited financial statements (for self-employed and SME applicants)
  7. Form 16
  8. Income Tax Returns for the last 3 years
  9. Processing fee cheque
  10. Documentation pertaining to the property offered as collateral

Frequently Asked Questions

What is Loan against Property?

Loan against property is an excellent and convenient way to raise money. As the name suggests, loans against property are sanctioned by financial institutions by accepting property as collateral. The borrower needs to pledge his or her property as a security against the loan amount. In case the borrower fails to repay the loan within the tenure, the property can be sold or auctioned by the lender to recover the loan amount sanctioned to the borrower.

What is the maximum loan amount that I can avail against the property?

You can get an amount of up to 70 to 80 percent* of the market value of the residential property or 60-70 percent* of the market value of the commercial premises. It is recommended that you speak with a customer service representative to know more about the maximum loan amount that you can avail against your mortgaged property.

For what purpose can I avail of a Loan against Property?

You can avail of a Loan against Property for any personal or business purposes including funding a dream wedding, expanding business premises, paying for medical emergencies, and more. The end use of the mortgage loan product should not be for any speculative or prohibitive activities.