Loan Against Property (LAP)

Overview:

Loan Against Property allows borrowers to leverage their owned residential, commercial, or industrial property to raise large amounts of funding. It is a secured loan where the property acts as collateral, making it an ideal solution for businesses or individuals with long-term financial needs at lower interest rates.

Key Features:

Funding up to 60–70% of the fair market value of the mortgaged property.
Tenures up to 15 years with competitive interest rates and EMI options.
Suitable for salaried, self-employed, and business owners.
Utilization flexibility: funds can be used for business expansion, education abroad, medical treatment, or debt refinancing.
Professional property valuation and legal verification handled in-house.

Who Can Apply:

Individuals with clear property ownership and income documents.
Business owners looking for a cost-effective way to raise high capital.
Self-employed individuals with long-term financial plans who own eligible property.