High Loan Amount
Access 50–70% of property market value* depending on location, title, and lender.
Secondary Service · Secured Finance
Loan Against Property for Residential & Commercial Assets
Leverage owned property to access large-ticket funding at lower rates than unsecured loans — for business expansion, education, medical needs, or debt consolidation with tenures up to 15–20 years.*
Residential House
Commercial Property
Industrial Shed
Leasehold*
High LTV*
Key Benefits
Key Benefits of Loan Against Property
LAP offers higher amounts and longer repayment than unsecured credit — ideal when you have appreciable real estate.
Lower Interest vs PL
Secured rates typically below unsecured personal or business loans.
Long Tenure
Repay over 15–20 years* to keep EMIs manageable for large principals.
Business & Personal Use
Fund MSME needs, education, medical, or consolidate high-cost debt.
Occupied Property OK
Self-occupied, rented, or vacant properties may qualify with clear title.
Continue Usage
You retain ownership and use of property — lender creates equitable mortgage.
Top-Up Options*
Existing LAP customers may increase limit after repayment and re-valuation.
Co-Owner Inclusion
All property owners typically join as co-applicants with income clubbing.
Loan Highlights
LAP Highlights
Valuation, legal clearance, and income assessment determine final sanction.
Loan to Value
Residential often up to 65–70%; commercial 50–60% of market value per lender policy.*
50–70% LTV*
Secured ROI
Typically from 9% p.a.* for prime profiles on residential self-occupied property.
From 9% p.a.*
Repayment Term
Up to 15–20 years depending on borrower age at maturity.
Up to 20 yrs*
Ticket Size
From ₹10 lakh to ₹10 crore+ for metro commercial assets.
₹10L – ₹10Cr+*
Accepted Types
Independent house, flat, shop, office, warehouse with clear title.
Res & Commercial
Timeline
Legal + technical valuation adds 10–20 working days to processing.
2–4 weeks*
Eligibility
LAP Eligibility Criteria
Property title quality is as important as borrower income.
Individual Borrowers
Salaried & self-employed property owners
- Indian resident aged 25–65 years at loan maturity
- Clear marketable title with chain of ownership documents
- Property not in negative area list of lender
- Stable income proof — salary or ITR for 2–3 years
- CIBIL 700+ preferred; property should be insurable
- All co-owners must be co-applicants and sign mortgage
Business Entities
Proprietorship, partnership, company
- Property owned by entity or promoters with board resolution
- Business financials and GST/ITR for income assessment
- End use for business purpose clearly stated
- Commercial property income may supplement eligibility
- Existing business loans considered in overall exposure
- Charge creation on property as per lender legal format
Documents Required
Documentation Checklist
Title diligence is critical — missing heirship or society NOC causes delays.
Applicant KYC & Income
- Aadhaar, PAN, photographs
- Salary slips / ITR with computation
- Bank statements 6–12 months
- Existing loan statements
Property Title Papers
- Sale deed / gift deed / partition deed
- Mother deed & chain documents
- Encumbrance certificate (13 years)
- Property tax & utility bills
- Approved plan & completion certificate
Society / Authority NOCs
- Society NOC for mortgage (flat)
- Builder NOC if required
- Municipal khata / tax assessment
- Insurance policy assignment
Business (if applicable)
- GST registration & returns
- Business ITR and financials
- Board resolution / partnership letter
- Memorandum defining authorised signatory
Important: LAP puts a mortgage on your property. Default risks enforcement — borrow only what you can repay comfortably.
Process
How to Get Loan Against Property
Enquiry
Share your requirement via form, call, or WhatsApp — we capture loan purpose and amount.
Consultation
A loan advisor reviews your profile, income, and documents to shortlist suitable lenders.
Documentation
Submit KYC, income proof, and property/business papers as per the lender checklist.
Lender Matching
We submit to partner banks/NBFCs and negotiate for the best rate and tenure fit.
Disbursement
After sanction, complete agreement signing and receive funds as per lender terms.
FAQs
Loan Against Property FAQs
LAP is a secured loan where you mortgage residential or commercial property to borrow funds. The property remains in your name while the lender holds charge until repayment.
At 60% LTV you may qualify for approximately ₹60 lakh, subject to valuation, location, income, and lender policy. Commercial property often has lower LTV than residential.
Yes, if title is clear and property is acceptable to lender technical team. Rental income may improve eligibility with valid lease agreements.
For high principals, LAP usually offers lower interest and longer tenure, reducing EMI pressure. Processing is longer due to legal and valuation steps.
Yes. Many business owners use LAP for expansion, working capital, or machinery when unsecured limits are insufficient.
Home loan funds property purchase or construction with purpose-specific disbursement. LAP is against already owned property for flexible end use per lender terms.
Select lenders offer NRI LAP with additional compliance, POA, and repatriation documentation. Property must meet lender location criteria.
Lenders appoint approved valuers who assess market value based on location, area, construction quality, and comparable sales. Loan amount is based on this report.
All owners must typically join as co-applicants and consent to mortgage. Family arrangements and partition deeds must be legally clear.
Most lenders do not accept agricultural land unless converted to non-agricultural use with valid documentation. Policy varies — confirm before applying.
Processing fee, legal fee, valuation fee, and stamp duty on mortgage documentation apply. We provide all-in cost estimate before you proceed.
Floating-rate LAP from banks often allows prepayment with nil or low charges for individuals. Read lock-in clauses on fixed-rate products.
You need lender NOC and loan closure before transfer. Some lenders allow sale with buyer taking over loan via takeover arrangement.
Late payment affects CIBIL and may attract penalties. Sustained default can lead to recovery proceedings under SARFAESI after notice period.
Valuation is performed by lender-appointed agencies. We help compile title papers and coordinate timelines between you, lender, and legal vendors.
Apply Now
Apply for Loan Against Property
Share property type, approximate value, and loan purpose for an eligibility call.
LAP structuring experts
We coordinate valuers and legal vendors so your file moves efficiently through credit committees.
- Response within 24 hours
- Compare multiple lender offers
- Transparent, no hidden fees
Loan Against Property Application
Free consultation · No obligation
Unlock value in your property responsibly
7740877330 · loans@growmoreloans.in · Residential & commercial LAP