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LOAN AGAINST PROPERTY

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Mortgage Loan commonly known as “ Loan Against Property” in india is a secured loan that is sanctioned against fully constructed, freehold residential, commercial, properties.
  • Business Expansion
  • Education expenses for children
  • Marriage Expenses in the Family
  • Purchase of Property
  • Improvement and extension of existing property.
  • Medical Treatment or any other personal need.

Repayment Term

Most Lenders offers maximum tenure of 15 years but it is also restricted by the borrower’s age at the end of the tenure so as to ensure that the loan repayment ends on or before the retirement age of the borrower which is usually 60 years for salaried and 65 years for self employed.

Fees and Charges

The processing fee for loan against property may vary from lender to lender but it is usually up to 1 % (Excluding Service Tax) of the loan amount.


  • Loan amount of upto Rs. 25 Crores
  • Convenient loan repayment option of upto 180 months
  • Residential, Commercial, Industrial, and Vacant Land property accepted as collateral
  • Minimal documentation and faster approvals
  • Attractive interest rates
  • Fixed and Floating rates are available
  • Flexible repayment - Option to choose between Dropline Overdraft Facility or EMI based loan

Loan Against Property can be availed by salaried individuals, self-employed individuals,
self-employed professionals, sole proprietorships, partnership firms and private limited companies (including closely-held public limited companies.)

Salaried Individuals
  • Minimum net income of Rs. 120,000 per annum.
  • Minimum age at loan sanction – 24 years. Maximum age at loan maturity – 60 years.
  • Work Experience of minimum 1 year at current job and 2 years of total experience. If current job is less than 1 year, then 3 years of total experience required.


For self-employed and Professionals
  • Minimum annual income should be Rs. 1.50 lakh as per the P&L.
  • Minimum 21 years of age.
  • Maximum 65 years of age at the time of loan maturity.
  • Firm/company should have been in operation for the last 3 years.

For Salaried

  • PAN Card and Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
  • Last 2 years Income tax returns or Latest 3 month salary slip and last 2 Form 16 issued by the employer.
  • Title & Registered Deed and other property documents.

For Self-Employed

  • PAN Card and Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or Sale Agreement / Bank Statement)
  • PAN card, Partnership deed/ MOA, (for Partnership firm & Pvt. Ltd Company)
  • Latest audited ITR and financials for the last 3 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
  • Bank statements from the borrower's all account/s for last 6 months
  • Title & Registered Deed and other property documents

For Self-Employed Professionals

  • PAN Card and Address Proof – Any one (e.g. Voter ID / Driving License / Passport / Telephone Bill / Electricity Bill / Registered Lease Deed or SaleAgreement / Bank Statement)
  • Latest audited ITR and financials for the last 2 years. (Balance Sheet, Profit & Loss A/c., Computation of Income along with all schedules.)
Bank statements from the borrower's all account/s for last 6 months
  • Professional Qualification Certificate and Degree Certificate for professionals. (Doctors, Architects, Chartered Accountants etc.)
  • Title & Registered Deed and other property documents.

Note : Co applicant is mandatory for all loans. Further documents may require after perusal of all documents. Terms & Conditions apply at the sole discretion of respective financial institution.
Residential, Commercial, Industrial and vacant Land property is acceptable for Loan Against Property. The property may be self-occupied, rented or vacant. Mixed use property is also acceptable.
The Loan Amount would depend on the type of property. For a Self-Occupied Residential property upto 65% to 70 % of the market value of the property can be borrowed.
No. There is a separate surrogate program for LAP where other parameters would be considered instead of the applicant’s income.
Yes. You can repay the loan ahead of schedule. An early redemption charge is payable as applicable.
The loan will be disbursed in full or in suitable installments taking into account requirement of funds
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