Loan Against Property

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At times we could use the value of our property to fund immediate cash requirements, instead of taking an expensive personal loan, our Counsellors will able to guide you in securing the funds at a lower rate of interest. Get the best deal for Property Loan in Mumbai, Navi Mumbai and Thane from our well-informed counsellors. We assist you to reach the best bank for loan against property.

Low ROI than Personal Loans: Low rate of Interest as compared to personal loan. LAP is the cheapest retail loans after home loans; usually in the range of 9% – 14%

Lower EMI: Since the rate of interest is lower, LAP Equated Monthly Instalments (EMI) turn out to be cheaper than those under personal loans.

High Loan Eligibility: LAP provides higher loan eligibility than Personal Loan. LAP eligibility is determined primarily by the value of the property and income.

Simple documentation and Fast Approvals: Being a secured Loan, LAP has faster approvals and minimal documentation.

Contact us to compare banks for Loan Against Property.

Loan against Property can be taken for following purposes: –

  • Expanding your business
  • Get your child married
  • Send your child for higher studies
  • Fund your dream vacation
  • Fund Medical Treatments

Loan Against Property in Mumbai

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Loan Against Property Features & Benefits

  • Get up to 70% funding of your Property Value.*
  • Transfer your existing loan against property with 0 Processing Fees*
  • Convenience of reaching out through SMS, Web chat & Toll Free
  • Interest Rate: When your property is set as collateral, loans can be availed at a better and cheaper rate. The interest rate varies from 9.50 to 14 percent.
  • Faster Processing and Easy Documentation: Being a secured loan, the documentation is minimum and enables faster loan approval.
  • Pay least processing fees & choose the best Bank
  • Tailor made options for your loan requirement
  • Get Fixed Interest rates options for 3 years, 5 Years & 10 Years.
  • Loan Against Property Services are offered in Mumbai, Navi Mumbai & Thane
  • Lesser EMI: As the interest rate is low, the EMI for the same comes out to be cheaper.
  • Easy Terms: The more your income and market value of your property, the better is your eligibility to avail LAP.

List of Documents Required

  • Application form with photograph duly signed
  • Identity, residence and age proof
  • Last 6 months bank statements
  • Last 3 months Salary-slips
  • Processing fee cheque
  • Form 16 / Income Tax Returns

  • Application form with photograph duly signed
  • Identity, residence and age proof
  • Last 6 months bank statements
  • Last 3 months Salary-slips
  • Processing fee cheque
  • Form 16 / Income Tax Returns
  • Education qualification certificate and proof of business existence
  • Last 3 years Income Tax Returns with computation of Income
  • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

  • Application form with photograph duly signed
  • Identity, residence and age proof
  • Last 6 months bank statements
  • Last 3 months Salary-slips
  • Processing fee cheque
  • Form 16 / Income Tax Returns
  • Proof of business existence
  • Business profile
  • Education qualification certificate and proof of business existence
  • Last 3 years Income Tax Returns with computation of Income
  • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Documents: Property documents to be submitted based on the purchase of your dream home.
Copy of agreement executed / Sales Deed.
Share Certificate.
Latest Maintenance Bill.
List of documents & sanction letter given by Existing Banker (If Applicable).

Loan Against Property FAQ’s

You can click on apply now tab and fill in the details our representatives will call you shortly to fix up a meeting to process the loan further. You can also call on number 9619-037-478..
Both Salaried as well as Self-Employed people can avail Mortgage Loan, irrespective of the income.
The general factors taken into account while determining the eligibility of loan against property are listed below:

  • Income
  • Age (Min. 21 Years)
  • Property Valuation
  • Existing Liabilities (if any)
  • Current Work Experience
  • Financial Documents
  • Number of Dependants
You can get a LAP up to 80% of the registered value of your property depending on the Bank’s policy and the property type and valuation.
The value of the property would be determined through a valuation conducted by the Loan Provider.
There is a huge difference between a Home Loan and a Loan against property. Home Loan is taken only for the purpose of buying a residential property whereas a Loan against Property can be taken for any purpose.
Yes, a nominal fees and charges are to be paid to the Bank depending upon their term and conditions.
The processing of the loans usually takes 7 to 10 working days once all the documents are submitted. It also depends upon your profile and documentation.
Yes the property has to be insured against fire, flood, earthquakes and other appropriate hazards during the tenor of the loan.
The repayment of loan is done through Equated Monthly Installments. It can be paid through Post Dated Cheques (PDC) or Electronic Clearance System (ECS).
The loan against property can be pre-paid along with the pre-payment charges. Usually the bank charges 2% of the principal pre-paid.