Loan Against Property (LAP)

A Loan Against Property (LAP) is a secured loan offered by pledging your residential, commercial, or industrial property as collateral. This loan provides higher loan amounts at lower interest rates, making it ideal for business expansion, medical needs, education expenses, debt consolidation, or any major financial requirement. Since it is backed by property, LAP comes with longer tenures, easy EMIs, and quick processing. It is suitable for both salaried and self-employed individuals who want to unlock the financial value of their property without selling it.

⭐ Loan Eligibility

✔ For Salaried Individuals

Age: 21 to 60 years
Minimum Salary: as per lender’s policy
Stable employment in government/private/MNC sector
Good CIBIL Score (700+)
Property should be owned and free from major legal disputes

📄 For Self-Employed

Age: 21 to 65 years
Minimum business vintage: 2–3 years
Satisfactory income stability
CIBIL Score 700+
Proof of ownership for the property being mortgaged

✔ Eligible Property Types

Residential flat/house
Commercial shop/office
Industrial property (as per bank norms)
Vacant land (depending on lender’s policy)

⭐ Documents Required

For Salaried Individuals

KYC Documents – Aadhaar, PAN, Address Proof
Income Proof
- Last 3–6 months salary slips
- Last 6 months bank statement
- Form 16 / ITR (if required)
Property Documents
- Registered Sale Deed
- Property Tax Receipt
- Map/Approved Plan
- Chain of Ownership
Photograph (Passport Size)

📄 For Self-Employed

KYC Documents – Aadhaar, PAN, Address Proof
Business Proof – GST, Shop Act, Trade License, Registration Certificates
Income Proof
- Last 2–3 years ITR
- Last 12 months bank statement
- Balance Sheet & Profit-Loss Statement
Property Documents
- Title Deed / Registry
- Tax Receipts
- Building Plan / Map
- Chain of Documents
Photograph (Passport Size)

for More Information feel free to contact Us