Smart Funding with Maximum Value
Loan Against Property (LAP) is one of the smartest financial tools available to individuals and business owners. It allows you to leverage the value of your existing property — residential or commercial – to access large funds at much lower interest rates compared to personal or business loans.
Your property remains yours. You continue to stay in it or use it while benefiting from the funds it can generate for you.
What Can You Use LAP For?
- Business expansion or capital requirements
- Higher education – including overseas studies
- Medical emergencies or treatment costs
- Debt consolidation – repaying multiple high-interest loans
- Marriage or large personal expenses
- Purchase of new property or asset
Key Features
- Loan Amount: Up to ₹10 Crore (subject to property valuation)
- Loan up to 65 – 70% of the property’s current market value
- Flexible Tenure: Up to 20 years
- Interest Rate: Starting from 8.75% p.a.
- Residential, Commercial, and Industrial properties accepted
- Overdraft facility available
- Balance transfer + Top-up loan facility available
Why LAP Over Other Loans?
- Significantly lower interest rates than personal or business loans
- Much larger loan amounts available
- Longer repayment tenure – smaller, manageable EMIs
- Property continues to be in your use throughout the loan tenure
- Ideal for large, planned financial requirements
Who Can Apply?
- Salaried individuals
- Self-employed professionals
- Business owners and entrepreneurs
- Age: 25 to 70 years
- Property must be owned by the applicant, free of legal disputes
Eligibility Criteria
- Clear and undisputed property ownership
- Stable income source (salary or business)
- Good credit score and clean repayment history
- Property valuation as per bank’s approved panel valuator