Transform Your Property into a
Source of Funds
you can borrow money by using your property, like a house or a piece of land, as security. choose this option because it often offers lower interest rates.
State Bank Of India
100% Digital Process*
Up to ~₹7.5 crore
~9% onwards
Up to 15 Years
₹ ~0.5%
Bank of Baroda
10 Second Disbursal*100% Digital Process*
Up to ~₹7.5 crore*
starting 10.35%
Approx ~15–20 yrs
Up to ~1%
HDFC Bank
100% Digital Process*
8.55% p.a. onwards
Up to ₹10 crore*
Up to 15 years
Up to ~1%
ICICI Bank
100% Digital Process*
Up to ~₹5 crore
10.60% p.a. onwards*
Up to 20 yrs
Up to ~2%
IDFC FIRST Bank
100% Digital Process*
Up to ₹15 crore*
9.25% onwards
Up to 25 yrs
Up to ~3%
Kotak Mahindra Bank
100% Digital Process*
Up to ~₹5 crore
9.50% onwards
15 Years
Up to ~1%
Piramal Finance
100% Digital Process*
Up to ~₹3 crore*
Starting ~11.5% p.a.
Up to 30 years
Up to ~2%
Aditya Birla Capital
100% Digital Process*
Up to ~₹75 crore*
8.75% p.a. onwards*
Up to 20 yrs*
₹ 6,500
Benefits of Loan Against Property
| Important | |
|---|---|
| Fast Process | Approval within 10 Days. |
| Lower Interest Rates | LAPs typically offer lower interest rates. Starting From 8.5 % (varies across lenders). |
| Quick disbursal | Fast loan disbursal, often within 10 to12 Days. |
| Longer Repayment Tenure | Making it easier to manage your EMIs. 5 To 20 Years. |
| Multipurpose | A Loan Against Property (LAP) can be used for business expansion, working capital, medical emergencies, wedding expenses, education, home renovation, debt consolidation, investing in assets, and covering unexpected expenses or emergencies. LAPs provide access to funds for various personal and professional needs. |
| Important Factor | Salaried | Self Employed |
|---|---|---|
| Age | 21-60 years (varies across lenders) | Same |
| Income | Minimum ₹ 20,000 per month (varies across lenders) | Same |
| Credit Score | 700 To 900 (varies across lenders) | Same |
| Nationality | Resident Indian | Same |
| Property Ownership | You must own a property that can be pledged as collateral. | Same |
| Business Vintage | Not Applicable | Minimum 3-5 years |
| Business Turnover | Not Applicable | Minimum ₹ 20 lakhs-50 lakhs per annum (varies across lenders). |
| Profitability | Not Applicable | Consistent profitability over the past 2-3 years |
Documention For a Loan Against Property
| Proof | Required |
|---|---|
| PAN Card | Mandatory for all loan applications. |
| Aadhaar Card | Required for KYC (Know Your Customer) verification. |
| Identity Proof | PAN Card, Aadhaar Card,Passport, Driving License,Voter ID |
| Ownership Proof | |
| Title Deed | Original title deed or property registration document provided as collateral |
| As Per Lenders | Some Other Property-related documents (varies across lenders) |
| For Self-employed Applicant/Co-applicant |
|---|
| ⦁ Business Registration Certificate: Copy of business registration certificate |
| ⦁ GST Certificate: Copy of GST certificate (if applicable) |
| ⦁ Balance Sheet: Latest 2 years’ balance sheet |
| ⦁ Profit and Loss Statement: Latest 2 years’ profit and loss statement. |
| ⦁ Certificate of Qualification (for Doctors/CA and other professionals). |
| For Self-employed Applicant/Co-applicant |
|---|
| ⦁ Business Registration Certificate: Copy of business registration certificate |
| ⦁ GST Certificate: Copy of GST certificate (if applicable) |
| ⦁ Balance Sheet: Latest 2 years’ balance sheet |
| ⦁ Profit and Loss Statement: Latest 2 years’ profit and loss statement. |
| ⦁ Certificate of Qualification (for Doctors/CA and other professionals). |
Other Document
- Loan account statement for the previous 12 months if the applicant has any other ongoing loan from other banks/financial institutions.
- Bank account statements for all the bank accounts owned by the applicant for the last six months.
Apply For a Loan Against Property Through Approve Money
| Approve Money | To apply for personal loan from various lenders you can visit approvemoney.com |
| Step 1 | Click To Apply |
| Step 2 | Enter applicant's basic details |
| Step 3 | Enter applicant's Address Details |
| Step 4 | Enter applicant's Employment Details |
| Step 5 | Upload applicant's Documents Proof |
| Step 6 | Add Loan References |
| Step 7 | Submit And Wait For Lender Responce |
