The value of properties appreciates over time. These are treated as long-term investments that are useful in more ways than one. If you need start up funds for a business you are pursuing or fresh capital for an existing venture, your property can serve as co-lateral for a loan. Basically, you exercise control over the loan amount you take against your property. You can even use the money for home remodelling, to buy a second hand car, or anything else. But the idea is to use the money wisely because your property is at stake.

Loans against property are secured loans. The “loanable” amount depends on the current market value of the property, which first undergoes assessment. Once the market price is determined, you can expect a financial assistance equivalent to 40 percent to 60 percent of the property price.
The nature of loans against your properties is quite different from personal loans in the manner of disbursement. The latter can be granted and received without much questions.

At, we can get you the most ideal interest rates and repayment plans in the market. This way, you will have repayment terms that are most convenient to you. Just fill our online form and leave the rest to us.

Features of a Loan against Property

Depending on your needs, you can take a loan amounting to as much as Rs 2 lac or higher. This amount is computed against the value of your property. 70% of your property amount can be borrowed. Lenders of loans against property offer attractive interest rates, simple and speedy processing plus the high loan tenure. This can make payment easier on your end. You are also given the flexibility to choose between an EMI based loan or an overdraft.

Advantages of Getting a Loan against Property

  • Cheaper than Personal loans because of lower interest rates
  • Has longer loan tenure that may allow you repayment duration of as long as 10 years
  • Affordable EMIs (Equated Monthly Installments)
  • Simple documentation without much verifications

Reasons for Getting a Loan against Property

  • Higher education pursuits
  • Capital for investment in business
  • Repay other personal loans
  • Matrimonial ceremonies and celebration
  • Dream vacation
  • Medical treatments

Criteria for Loan against Property

  • For employed: between 21 and 50 years of age
  • For self employed: between 23 and 65 years of age
  • Minimum income should be Rs 2,00,00 monthly
  • Can be applied by individuals either solely or jointly. Owners of the current property should be co-applicants. But co-applicants do not necessarily have to be co-owners of the property
  • Properties should generally be located within city limits
  • Loan against property can be for as short as 1 year and as long as 15 years

To know if you are eligible under this loan terms, fill out our online form. Once received, we at will exhaust all means to give you access to best loan offers from financing institutions and lenders that meet your needs and limits, and that too at the comfort of your home.

Loan Against Property FAQs

What are the interest rates?

  • Interest rates range from 12% to 16%

What are the modes of payment?

  • Equated Monthly Installment or an Overdraft Facility

Other differences between Loan against Property and Personal Loan?

  • Loans against Property is taken by mortgaging property. Personal Loan does not require any guarantors or security.
  • LAP are cheaper with interest rates of 12% to 16%. Personal loans are more expensive rates of 16% to 21%.
  • LAP allows you bigger loan amount from Rs 10lac to Rs 3crores, and maximum repayment tenure stretching up to 15 years. With personal loans, you get approval for comparitively smaller amounts, from Rs 5  lacs to Rs 20 lacs, and maximum repayment tenure of 5 years.

What is the percentage value of the property being sanctioned in the loan?

  • Residential properties: up to 60% of value,
  • Commercial properties: up to 40% to 50%

Required documents

  • Pictures
  • Proof of identity
  • Proof of age
  • Proof of signature
  • Proof of residence
  • Proof of business existence
  • Latest six months bank statement
  • Latest two years income tax return
  • Check for processing fee
  • Qualifications certificate (employee)
  • Form 16 pay slips (employee)
  • Business profile

What happens if the loan is not paid?

If the property is not paid, the lender can repossess the property to recover outstanding loan amount.
After getting approval for the loan, treat it as an opportunity that only comes once in a million years. This way, you exercise more care in using the money and making sure you do not end up losing your property.

We, at, understand that interest rates and repayment schemes are big factors when taking out a loan. That is why our services only guarantee that you will not be put at a disadvantage and get the best repayments terms and interest rates. We know each property’s sentimental value is far higher than what it is worth in cash.