Secured Loans

Loan Against property
Onward 7.50%.

Loan Against Property (LAP) is a type of secured loan where you use your property as collateral to borrow money. If you own a house, shop, office, or land, you can pledge it to a bank or NBFC and get a loan in return.

Application

Please provide your credentials for a confidential assessment.

Loan Against Property Eligibility Criteria

Understand the complete eligibility structure for salaried professionals, self-employed individuals, and business applicants.

What is Eligibility Criteria?

Loan Against Property (LAP) helps you meet personal and business financial needs by unlocking the value of your property. You can avail up to 60% of the property value with flexible tenure options.


Eligibility depends on multiple factors such as age, income stability, work experience, and CIBIL score.

Salaried Individuals

  • Age: 28 – 60 Years
  • Minimum Work Experience: 3 Years
  • Employment: MNC / Private / Public Sector
  • CIBIL Score: Above 750
  • Nationality: Indian Resident
  • Max Loan: Up to ₹1 Crore

Self-Employed Individuals

  • Age: 25 – 70 Years
  • Business Experience: 3 – 5 Years
  • Stable Income Required
  • CIBIL Score: Above 750
  • Nationality: Indian Resident
  • Max Loan: Up to ₹3.5 Crore

Factors Affecting Eligibility

Borrower Age

Loan tenure is based on your age. If you are close to 60 or above, approval chances reduce significantly.

Previous Loan Rejection

Past loan rejections are recorded in your credit profile and can negatively impact new applications.

Property Documents

Incomplete or disputed property documents can lead to direct rejection. Ensure proper title deed and approvals.

Income Stability

Even if property is pledged, lenders require a stable and regular income source.

Credit Score

A score below 750 reduces approval chances. Lenders evaluate repayment behavior, credit usage, and existing loans.

How to Increase Eligibility

Required Documents

Documents Required for Loan Processing

Keep the following documents ready for faster approval and smooth verification. Select your applicant type and check the complete checklist.

Individual

Personal Applicant
  • 2 Passport Size Photographs
  • PAN Card Copy
  • Aadhaar Card / Passport
  • Permanent & Current Address Proof
  • Last 3 Years Form-16
  • Last 3 Years ITR with Computation
  • Last 1 Year Salary Bank Statement
  • Loan Schedule & Sanction Letter (If Running)
  • Complete Property Papers with Chain & Map
  • Agreement to Sell Copy (ATS)
  • Processing Fee Cheque in Favour of Bank
  • Last 3 Months Salary Slip
  • Appointment Letter

Proprietorship Firm

Business Applicant
  • Photographs of Proprietor
  • PAN Card Copy of Proprietor
  • Address Proof of Proprietor
  • Office Address Proof
  • Firm Registration Certificate
  • GST Registration Copy
  • Last 1 Year GST Returns
  • 3 Years ITR with Computation
  • Profit & Loss Account
  • Balance Sheet & Tax Audit Report
  • Provisional Financial Statement
  • Current / CC / OD Account Statements
  • 6 Months Savings Account Statement
  • Loan Sanction Letter & Repayment Schedule
  • Agreement to Sell Copy
  • Property Papers with Chain & Sanction Map

Partnership Firm

Partnership Business
  • Photographs of All Partners
  • PAN Card of Firm & Partners
  • Address Proof of All Partners
  • Latest Firm Address Proof
  • Partnership Deed Copy
  • GST Certificate
  • Last 1 Year GST Returns
  • 3 Years Company ITR
  • P/L Account & Balance Sheet
  • Audit Report 3CB & 3CD
  • All Annexures & Schedules
  • Provisional Financial Statement
  • Partners Individual ITR & Computation
  • Firm Bank Statement (1 Year)
  • Partners Savings Account Statement
  • Loan Sanction Letter & Repayment Schedule

Private Limited Company

Corporate Applicant
  • Photographs of All Directors
  • PAN Card of Company & Directors
  • Address Proof of Company & Directors
  • List of Directors & Shareholders
  • CA Certified Shareholding Pattern
  • Memorandum & Articles Copy
  • GST / VAT / SSI Registration
  • Last 1 Year GST Returns
  • Directors ITR & Computation (3 Years)
  • 3 Years Financial Statements
  • Tax Audit Report & Annexures
  • Provisional Financial FY Statement
  • Company Bank Statements (1 Year)
  • Directors Savings A/C Statement (6 Months)
EMI Calculator

Calculate Your Monthly EMI

Instantly estimate your monthly EMI, total interest payable, and total repayment amount for your Loan Against Property application.

Monthly EMI

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Total Interest

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Total Payment

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