Loan Against Property for
Businessmen & Individuals
Have GST No.?
Apply for a Loan Against Property!!
Check Business Loan Eligibility
Lower Interest Rates
Large Loan Amount
Multi-purpose Usage
Longer Repayment Tenure
Continued Use of Property
LoanSafal se Behtar Kal
Loan Against Property for
Businessmen & Individuals
Have GST No.?
Apply for a Loan Against Property!!
LoanSafal se Behtar Kal
Top 5 Benefits of
Loan Against Property (LAP)
Lower Interest Rates
Large Loan Amount
Multi-purpose Usage
Longer Repayment Tenure
Continued Use of Property
Check Business Loan Eligibility
Typical Uses of Loan Against Property (LAP)
-
Business Expansion – Fund new branches, buy equipment, or increase inventory.
-
Children’s Education – Pay for higher studies in India or abroad.
-
Marriage Expenses – Manage big-ticket wedding costs comfortably.
-
Medical Emergencies – Handle unexpected hospital bills or treatments.
-
Home Renovation – Upgrade or expand your existing property.
-
Debt Consolidation – Repay high-interest loans or credit card dues in one go.
-
Working Capital – Maintain smooth cash flow for daily business operations.
-
Buying Another Property – Use the loan amount for down payment or full purchase.
What is Loan against Property (LAP)?
Loan Against Property (LAP) is a type of secured loan where you pledge your residential, commercial, or industrial property as collateral to borrow money from a bank or financial institution.
Here’s how it works in simple terms:
-
You keep your property papers with the lender as security.
-
In return, you get a loan amount up to 60–70% of the property’s current market value.
-
The property remains in your name, and you continue to use it.
-
You repay the loan through EMIs (monthly instalments), just like any other loan.
Success Story 1
Suresh ji, a small-scale manufacturer from Ludhiana, wanted to expand his factory setup to meet rising demand. But the business cash flow wasn’t enough to support a big jump. He approached the financial institute and discovered that his old ancestral home could help him grow.
Using Loan Against Property, he got a ₹40 lakh loan at a low interest rate without selling or vacating his house. Today, his production has doubled, and he has hired 12 more workers—turning his long-standing dream into reality.
Success Story 2
Dr. Pooja, a practicing dentist in Bhopal, was running a rented clinic but always dreamed of owning a space of her own with modern facilities. However, taking out a business loan at high interest didn’t seem wise.
She mortgaged her parents’ self-occupied property and availed a Loan Against Property worth ₹25 lakhs. The process of loan was smooth and stress-free. Today, she runs a state-of-the-art dental clinic and serves over 30 patients a day—with zero tension of rental payments.
Why LoanSafal for Loans?
Knowledge & Experience
Selling is not our motive
Our Strong Network
Every Penny Counts
100% Transparency
Simplified Loan Process
Apply for Loan Against Property (LAP)!
Apply for Home Loans!
Who Can Benefit from Loan Against Property (LAP)?
- Self-employed individuals
– Business owners, shopkeepers, consultants, freelancers with stable income. - Salaried professionals
– Working in government, public sector, or private companies with regular salary and minimum work experience. - Professionals
– Doctors, engineers, architects, CAs, etc., who own commercial or residential property. - Property owners
– Individuals who own residential, commercial, or industrial property (fully constructed and with clear title). - Partnership firms or companies
– SMEs, startups, and registered businesses owning property in the firm’s or directors’ name. - NRIs (in some cases)
– Non-Resident Indians may be eligible depending on the lender’s policy.
FAQ’s for Loan Against Property (LAP)
Whether you’re a business owner, salaried individual, or a professional, Loan Against Property (LAP) can be a smart way to unlock the value of your property and meet your bigger financial needs. It offers larger loan amounts at lower interest rates, since it’s backed by your owned property. Below are the most common and helpful questions answered in a straightforward and communicable way.
What exactly is Loan Against Property?
Loan Against Property (LAP) is a secured loan where you keep your residential, commercial, or industrial property as collateral in exchange for a loan from a bank or NBFC. You still retain ownership and usage of the property.
Who can apply for Loan Against Property (LAP)?
Salaried individuals, self-employed professionals, business owners, and even firms can apply—provided they own property and have a stable income source.
How much loan (LAP) amount can I get?
The loan amount under Loan Against Property (LAP) usually ranges from 50% to 70% of your property’s market value, depending on the lender’s policy, your income, and repayment ability.
What kind of properties are eligible for LAP?
To avail Loan Against Property (LAP) you can mortgage residential (self-occupied or rented), commercial, or industrial properties—as long as they are legally owned, clear in title, and located in acceptable areas.
Can I use the LAP amount for personal needs?
Yes! LAP is a multi-purpose loan – you can use the amount for business expansion, children’s education, wedding expenses, home renovation, medical needs, or even buying another property.
Do I need to vacate my property during the loan?
No, not at all. You continue using or living in your property as usual. The lender just holds the legal charge until the loan is fully repaid.
What’s the typical tenure and interest rate?
Tenure ranges from 5 to 15 years depending on the lender. Interest rates are usually lower than personal or business loans, since it’s a secured loan.
What if I miss an EMI or default?
Missing a few EMIs may attract penalties. But repeated defaults can lead to serious action, including property auction in extreme cases. Always keep your lender informed if you’re facing financial trouble.
Blog
Why do you need a loan agency for loans, especially in India?
How LoanSafal Helps You Get the Best Loan with Less Hassle?