Loan Against Property

Unlock the Value of Your Property

A Loan Against Property (LAP) is a secured financing solution that enables property owners to access funds by offering an eligible residential, commercial, or other approved property as collateral. It can provide a convenient way to meet substantial financial requirements while allowing you to retain ownership and continue using the property, subject to the applicable loan terms and conditions.

Applicants are generally required to provide relevant identity, address, income, banking, and property-related documents. The exact documentation and eligibility requirements may vary depending on the applicant profile and the specific loan product.

Who Can Apply?

Loan Against Property may be available to eligible salaried individuals, self-employed professionals, business owners, and other applicants who meet the lender's eligibility criteria. Eligibility may depend on factors such as age, income, employment or business profile, credit history, existing financial obligations, property ownership, property type, location, valuation, and other applicable requirements.

How Does Loan Against Property Work?

The process begins with an application and assessment of the applicant's financial profile and funding requirement. The property offered as security is evaluated in accordance with applicable processes, while the applicant's income, credit profile, repayment capacity, and other relevant factors are assessed.

Once the application and property assessment are completed, the loan amount and terms are determined based on the applicable eligibility criteria and internal credit policies. Upon fulfillment of the required conditions and execution of the necessary documentation, the approved loan amount is disbursed as per the agreed terms.