A Loan Against Property (LAP) is a secured mortgage loan that allows borrowers to raise funds by pledging their residential, commercial, or industrial property as collateral. Since the loan is backed by property, lenders can offer higher loan amounts, lower interest rates, and longer repayment tenure compared to unsecured loans.

Our Loan Against Property services are available across Chandigarh, Mohali, Panchkula, Tricity, Delhi NCR, and Pan India.

What is a Loan Against Property (LAP)?

A Loan Against Property is a multipurpose secured loan that enables property owners to unlock the value of their property without selling it.

Borrowers can use LAP funds for:

• Business expansion
• Working capital requirements
• MSME financing
• Medical emergencies
• Debt consolidation
• Home renovation
• Higher education expenses
• Trade finance support

The borrower continues to retain ownership and usage rights of the property while repaying the loan through monthly EMIs.

Benefits of Loan Against Property

Higher Loan Amount

Avail substantial funding based on your property’s market value and financial profile.

Competitive Interest Rates

LAP loans generally come with lower interest rates than unsecured business or personal loans.

Flexible Repayment Tenure

Choose customized EMI options and repayment plans according to your financial comfort.

Multipurpose Financial Solution

Use the loan amount for both personal and business financial needs.

Continue Property Ownership

You can continue using your residential or commercial property during the loan tenure.

Features of LAP Loan Services

Secured Mortgage Financing

Funding available against:

• Residential property
• Commercial property
• Industrial property

Quick Loan Processing

Simplified documentation and faster approvals through professional financial assistance.

Affordable EMI Structure

Flexible repayment options designed to support long-term financial stability.

Tailored Loan Solutions

Customized funding solutions based on income profile, repayment capacity, and business goals.

Loan Against Property Eligibility

Eligibility for LAP depends on:

• Property valuation
• Income stability
• Credit score
• Existing liabilities
• Repayment capacity

Eligible Applicants:

• Salaried individuals
• Self-employed professionals
• MSMEs
• Startup founders
• Traders and manufacturers
• Business owners

Documents Required for Loan Against Property

Identity Proof

• PAN Card
• Aadhaar Card
• Passport

Income Proof

• Salary slips
• Bank statements
• Income Tax Returns
• Business financial documents

Property Documents

• Registry papers
• Ownership proof
• Property tax receipts
• Approved building plans