Loan Against Property (LAP) is a perfect way to unlock the hidden value of your property. You can enjoy small perks of life that you have missed due to lack of funds. This is a multi-purpose loan that puts funds at your disposal to use whenever you need them. This loan can also be used to expand your business, use for education or plan your dream wedding.

 

Loan against Property Types

Loan against existing property

You can avail loan against any of your existing property. This loan can be used for your personal use or business purposes as per your needs.

Commercial Property purchase Loan

If you are thinking of moving into a new office or business expansion, then this loan is for you. We provide loans for the purchase of commercial properties. We assist you in acquiring new commercial property to meet the requirements of your growing business. We also offer Industrial Property Purchase, Open Industrial Purchase loan. Now you can grow without any hassles.

Lease Rental Discounting

Lease Rental Discounting helps raise funds against the expected rentals of self-owned commercial property with lucrative ROI.

Balance Transfer & Top Up

In this facility, you have a choice to transfer the outstanding balance of the loan availed from other banks. In addition, you can also increase the loan amount through a Top-Up Loan.

Eligibility & Documents Required

Your eligibility largely depends on your repayment capacity as determined by Financial Institution. In addition, various factors like income, age, qualifications, number of dependants, spouse’s/Co-applicant income, assets, liabilities, savings history, stability, property value, and continuity of occupation are considered while computing your eligibility.

Documents Required For Salaried
  • Address Proof (Electricity Bill)
  • Existing loans sanction letter/repayment track if any
  • Identity Proof (PAN/Adhar)
  • Last 6 months bank statement of salary account
  • Latest form 16 and last 3-month salary slips
  • Passport size photographs of all applicants
  • Copy of property papers
  • Processing fee cheque
Documents Required for Sole Proprietorship / Partnership / Pvt Ltd. Company
  • Identity Proof (PAN/Adhar)
  • Passport size photographs of all applicants
  • Business proof
  • Latest address proof/Business proof
  • Last 2 years income tax return of firm/ company
  • Last 12-month bank statement of main operating account of the firm
  • Audited financials
  • Certified copies of MOA /AOA / Partnership deed as applicable
  • Professional qualification certificate if applicable
  • Existing loans sanction letters/Repayment track record if any
  • Copy of property papers
  • Processing fee cheque