Loan against property is a financing option offered by major lending institutions. It lets you liquify the fixed asset and avail funds against the property to suffice various financial obligations. The LAP Interest Rates are low in comparison to other loans available. This makes it a secured loan option which is taken by pledging a security to acquire the loan.


If you are wondering if your home qualifies for the loan check out the fixed assets which do -


  • Properties which are well registered with a map and have a clear sanction plan by their local town/ municipality authorities/ city best qualify for the loan.
  • Then there are the properties which are registered without the maps. In this case, lenders check for risk mitigation factors and a sales or deed agreement to process loan against them. Loan seekers would have to either apply with a co-applicant or furnish proof of extra income to minimize the risk associated with this property.


Properties on which loan cannot be availed as per law are -


  • In case of General Power of Attorney or GPA the loan seeker would have to contact Housing Finance Companies (HFCs) who will allot an amount to the GPA holder.
  • Property in the Lal Dora region of Delhi.
  • Applicants cannot avail loan against agricultural land.

Loan seekers can avail a loan against property for the following:


  • Self-Occupied Residential
  • Rented Residential / Commercial
  • Vacant Residential / Commercial
  • Shared Property

Thus, loan seekers can avail high value loan up to Rs. 3.5 crores at affordable rate of interest and flexible tenure of 2 to 20 years from leading NBFCs. Eligible applicants can enjoy instant approval and quick disbursement with minimum paperwork by easily applying online.

Also Read: What Properties can help you avail of the Loan Against Property