Loan Against Property – Unlock the Power of Your Property
Your property is more than just a place to live—it’s a valuable asset that can help you secure funds for your financial needs. At Home loanz, our Loan Against Property (LAP) allows you to leverage your residential or commercial property to avail a high-value loan at low interest rates and flexible repayment terms. Whether you need funds for business expansion, education, medical emergencies, or any other financial goal, our LAP solutions are designed to provide you with quick and hassle-free access to funds.
What is a Loan Against Property?
A Loan Against Property (LAP) is a secured loan where you pledge your residential, commercial, or industrial property as collateral to avail a loan. Unlike a personal loan, which has higher interest rates and limited loan amounts, a LAP offers higher loan amounts at much lower interest rates, making it an ideal financing option for various needs.
Key Benefits of Loan Against Property
✅ High Loan Amount
Get up to 60-75% of your property’s market value as a loan, depending on eligibility.
✅ Low Interest Rates
As it’s a secured loan, the interest rates are lower compared to personal loans, ensuring affordability.
✅ Flexible Repayment Tenure
Choose a repayment period of up to 15-20 years, allowing for comfortable EMI payments.
✅ No Restrictions on End Use
Use the funds for business needs, education, wedding expenses, medical emergencies, home renovation, debt consolidation, or any personal requirement.
✅ Fast Loan Processing & Quick Disbursal
Enjoy hassle-free approvals with minimal documentation and quick disbursal.
✅ Continue to Own & Use Your Property
Even though the property is pledged as collateral, you retain ownership and can continue to use it without any restrictions.
Who Can Apply?
✔ Salaried Individuals – Employees of private/public sector companies
✔ Self-Employed Professionals – Doctors, lawyers, consultants, etc.
✔ Business Owners & Entrepreneurs – Small & large business owners
✔ Property Owners – Residential or commercial property owners looking for liquidity
Loan Against Property Eligibility Criteria
The eligibility for LAP depends on multiple factors, including:
✔ Property Type – Residential, commercial, or industrial property can be used as collateral
✔ Applicant’s Age – Usually between 21 to 65 years
✔ Income & Repayment Capacity – Higher income improves eligibility
✔ Property Value – The loan amount is determined by the property’s market value
✔ Credit Score & History – A good CIBIL score (650+) enhances approval chances
Documents Required for Loan Against Property
For Salaried Applicants:
📌 Identity Proof – Aadhaar Card, PAN Card, Passport, Voter ID
📌 Address Proof – Utility Bill, Aadhaar Card, Passport
📌 Income Proof – Salary slips (last 3-6 months), Form 16, Bank statements (last 6 months)
📌 Property Documents – Ownership proof, Title deed, Approved building plan
📌 Employment Proof – Offer letter, Employee ID, Income Tax Returns
For Self-Employed & Business Owners:
📌 Identity & Address Proof – Aadhaar Card, PAN Card, Passport, Voter ID
📌 Business Proof – Business registration documents, GST certificate, Trade license
📌 Financial Documents – ITR (last 2-3 years), Balance sheets, Profit & Loss statements
📌 Property Documents – Ownership proof, Title deed, Valuation reports
📌 Bank Statements – Last 6-12 months
How to Apply for a Loan Against Property?
🏦 Step 1: Check Eligibility
Use our online loan eligibility calculator to determine the loan amount you can avail.
📝 Step 2: Submit Application
Fill out the loan application form online or visit our branch for a hassle-free process.
📄 Step 3: Submit Required Documents
Provide the necessary KYC, income, and property documents for verification.
✅ Step 4: Loan Approval & Property Evaluation
Our team will assess your property value, income stability, and creditworthiness before approving the loan.
💰 Step 5: Loan Disbursal
Once approved, the loan amount will be disbursed directly to your bank account in a few days.
💰 Need urgent funds? Unlock the value of your property today!
📢 Apply now for a Loan Against Property with Home loanz and get quick access to funds!
GET IN TOUCH