Unlock Funds Using Your Property
A Loan Against Property (LAP) is a type of secured loan where individuals or businesses pledge their residential or commercial property to avail funds. It offers a higher loan amount at a lower interest rate compared to unsecured loans due to the security involved. The loan can be used for multiple purposes like business expansion, medical expenses, education, or debt consolidation. Tenures are generally long-term, ranging from 5 to 15 years, with flexible repayment options. Borrowers can pledge self-occupied or rented property, including land, flats, or buildings. The sanctioned loan amount usually ranges from 50% to 75% of the property’s current market value. The approval process includes property valuation, credit assessment, and verification of ownership. LAP can be taken by salaried individuals, self-employed professionals, or businesses with stable income.
Loan Against Property EMI Calculator
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What types of property can be mortgaged?
You can mortgage residential, commercial, or industrial property—whether self-occupied, rented, or vacant.
What is the maximum loan amount I can get?
You can get up to 50–75% of the current market value of your property, depending on the lender’s criteria.
How long is the loan tenure?
Tenures typically range from 5 to 15 years, based on your repayment capacity and lender policy.
Can I use the loan for personal purposes?
Yes, LAP funds can be used for any legal purpose—business, education, medical, or even weddings.
What happens if I default on the loan?
In case of continuous default, the lender can auction the pledged property to recover the outstanding loan amount.
