Who can apply for a Loan Against Property?

Loan Against Property is available for salaried/self-employed as well as Professionals and employees of public/Pvt Ltd companies. Every bank has individual minimum criteria for net monthly income of Rs. 25,000, age between 21 to 60 years, profession, CIBIL Score, job continuity, etc.

How long will it take for my Loan Against Property to be processed?

Once you submit your application form and the required documents as per the Bank's criteria, you can expect our approval and disbursal within 5 working days, provided everything is in order. All loan approvals are at the sole discretion of the bank.

What is the Cheapest Loan Against Property or Affordable Loan Against Property?

An Affordable or cheapest Loan Against Property is a loan in which not only you can get an attractive interest rate starting from 10:75% to 18%, but you can get a quick Loan Against Property with minimum processing fees and no hidden charges. Our easy & minimal paperwork and flexible EMI payment options will make it a hassle-free Loan Against Property.

What are Nil Foreclosure Charges in Loan Against Property?

The term Loan foreclosure means when a person does the full repayment of the remaining loan amount in one single & final payment instead of paying it back in multiple EMIs.

What are the features of Loanmoney's Fastest Loan Against Property?

The features of Loanmoney's Fastest Loan Against Property are No Collateral or no Security, Easy Repayment options, Safety, Attractive Interest rates, It is Unsecured, Can be Obtained for any Purpose, and Fast, Cheap, and reliable.

Do I need to provide any security or collateral to obtain a Loan Against Property from the Bank?

No, you don’t have to provide any security, collateral, or guarantee to obtain a Loan Against Property from the Bank.

What types of properties can be used for a loan against property?

Residential, commercial, and industrial properties can typically be used as collateral for a loan against property. However, the property should have a clear and marketable title, and some lenders may have specific eligibility criteria regarding the type of properties they accept.

What is the maximum loan amount I can get with a loan against property?

The maximum loan amount depends on various factors such as the market value of the property, your income, repayment capacity, and the lender's policies. Generally, lenders offer loan amounts ranging from 50% to 70% of the property's value.

How is the interest rate for a loan against property determined?

The interest rate for a loan against property is influenced by factors like your credit score, loan amount, property type, and prevailing market rates. Generally, LAP interest rates are lower than unsecured loans like personal loans because the property serves as collateral.

How long is the repayment tenure for a loan against property?

The repayment tenure for a loan against property usually ranges from 5 to 20 years, depending on the lender and the terms of the loan.

Can I continue using my property while it's pledged as collateral?

Yes, you can continue to use the property for residential or commercial purposes while it's pledged as collateral. However, any changes to the property's status or usage might require the lender's approval.

What are the eligibility criteria for a loan against property?

Eligibility criteria vary among lenders, but common factors include your age (usually 21-65 years), income, property value, property title, and credit history. Lenders may also consider your repayment capacity.

Can I prepay or foreclose a loan against the property?

Yes, most lenders allow prepayment or foreclosure of a loan against property. However, some lenders might charge prepayment penalties or fees. It's important to review the terms and conditions before availing the loan.

What happens if I default on the loan against the property?

Defaulting on the loan against property can lead to serious consequences, including the lender initiating legal proceedings to take possession of and sell the property to recover the outstanding amount. It's crucial to communicate with the lender if you're facing financial difficulties to explore possible solutions.

What documents are required to apply for a loan against property?

Commonly required documents include proof of identity, address, income, property documents, bank statements, and sometimes business-related documents if the property is commercial. The specific list may vary by lender.

Apply For Loan Against Properties

Maximum Loan Amount up to 25 Crores | Minimum Documentation | Tenure of Upto 15Years | Doorstep Services | Maximum Loan Amount

Avail LAP for Wedding Expenditure

Maximum Loan Amount up to 25 Crores | Minimum Documentation | Tenure of Upto 15Years | Doorstep Services | Maximum Loan Amount

Get LAP for Medical Emergencies

Maximum Loan Amount up to 25 Crores | Minimum Documentation | Tenure of Upto 15Years | Doorstep Services | Maximum Loan Amount

Apply for LAP for Higher Education

Get Maximum Loan Amount | Best Rate of Interest | Low Processing Fee | Simple & Secure Process | Lowest EMI

Loan Against Properties for Wedding Expenditure

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Loan Against Properties for Medical Emergencies

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Loan Against Properties for Higher Education

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Loan Against Properties for Home Renovation

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Loan Against Properties for Business Expansion

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Years Of Experience

Loan Against Property

Loan Against Property falls under the category of secured loans, where the borrower pledges their residential or commercial property as collateral. This type of loan provides borrowers with the flexibility to utilize the funds for various purposes, such as expanding their business, purchasing machinery, handling medical emergencies, covering wedding expenses, or consolidating debts. With Loan Against Property, you have the freedom to fulfill your dreams. You can apply for this loan at an attractive interest rate and comfortably repay it over a period of up to 15 years.

LoanMoney offers a convenient and hassle-free process for Loan Against Property, starting from a minimum loan amount of Rs. 5 Lakhs. We provide a seamless comparison of interest rates from 10 banks, allowing you to choose the most suitable option. With maximum loan amounts of up to 25 Crores, minimal documentation requirements, a tenure of up to 15 years, and doorstep services, we ensure a personalized approach to Property Loans for both salaried and self-employed individuals.

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Features of Loan Against Property

Avail Loan against Property to Finance your child’s education, manage your wedding expenses, expand your business, or even handle unforeseen medical expenses. LoanMoney offers customized Property Loans to salaried and self-employed individuals. LoanMoney brings Property Loan with unique features & benefits which enable borrowers to meet their high-end expenses with ease. Some of these features & benefits are as follows:.

Avail Maximum Loan Amount
Attractive Interest Rates
Flexible Loan Tenure
Fastest Loan Approval
Part-prepayment Charges Nil
Easy Balance Transfer Facility

Check Your Eligibility

How much do you need?

EMI Calculator

Check Your Cibil Score

All Banks Loan Against Property

Bank Name

Loan Amount

Interest Rate

Special Features

HDFC Bank
Loan Against Property

Details

10 -5000 Lacs

7% - 8%

Term Loan | All Properties | Maximum Eligibility

Eligibility Criteria

Salaried - Age at least 23 and less than 58
Maximum Tenure - 72 Month
Applicant Should Be Earning at Least 35,000 Per Month as Net Income
Nil Closure and Part Payment Facility Available for More than 10 Lac Loan Amount.

Documents

Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - Latest 3 Months Salary Slip & 6 Months Bank Statements Of Till Date(Pdfc)
Additional Documents - Form 16 & Office I-Card Mandatory for Government Customers

Fees & Charges

Nil Charges For Closure and Part Payment Available For More Than 10 Lac Loan Amount.
10 Lacs Loan Amount -pre-closure Fee = 4% Of Principal Outstanding 2nd Year. 3% In 3rd Year & 2% Afterwards.
Part-payments Can Be Made Only After 12 Months. For Part Payments Between 13 To 24 Months, A Fee Of 4% Is Applicable On The Part-payment Amount. 3% Is Applicable On Payments Between 25 To 36 Months. 2% Is Applicable Post 36 Months.
Part-payments Are Allowed Only Twice During The Loan Tenure And Once A Year. The Amount Cannot Exceed 25% Of The Principal Outstanding.
In Golden Edge Facility Pre Closure Charges Nil After 12 Months

ICICI Bank
Loan Against Property

Details

10 - 25 Crore

7.50% - 8.50%

Get 80% DOD & 20 % LAP

Eligibility Criteria

Salaried - Age at least 23 and less than 65
Applicant Must Have A Monthly Income Of 35,000 Or More
For Non Listed Companies Monthly Income Should Be 40,000 Per Month

Documents

Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - Latest 3 Months Salary Slip & 3 Months Bank Statements Of Till Date(Pdfc)
Additional Documents - 6 Months Banking Required If Case Book For Balance Transfer With 6 Months EMI Clearance

Fees & Charges

Nil Charges For Closure And Part Payment Available For More Than 10 Lac Loan Amount.
Pre-closure Fee - 5% Of Principal Outstanding
Golden Edge Scheme Available More Than 10 Lacs Loan Amount

Axis Bank
Loan Against Property

Details

5Lakhs - 25 Crore

7% - 8%

No Charges for Minimum Usage on DOD

Eligibility Criteria

Salaried - Age at least 23 and less than 58
Monthly Income Should Be More Than 20,000
For Listed & Non Listed Both
Digital Process

Documents

Selfie, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - 3 Months Bank Statements Of Till Date

Fees & Charges

Pre-closure Fee = 5% Of Principal Outstanding After 6th EMI.

Kotak Mahindra Bank
Loan Against Property

Details

10Lakhs - 5 Crore

7 % Onwards

Loan Eligibility Up to 200% Of Income

Eligibility Criteria

Salaried - Age at least 23 and less than 58
Applicant Should Be Earning at Least 25,000 Per Month as Net Income

Documents

Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - Latest 3 Months Salary Slip & 6 Months Bank Statements Of Till Date
Additional Documents - Form 16 & Office I-card

Fees & Charges

Pre-closure Fee = 4% Of Principal Outstanding (Plus Applicable Tax) In 2nd Year. 3% (Plus Applicable Tax) In 3rd Year & 2.5% (Plus Applicable Tax) Afterwards
Part-payments Can Be Made Only After 12 Months. For Part Payments Between 13 To 24 Months, A Fee Of 4% Is Applicable On The Part-payment Amount. 3% Is Applicable On Payments Between 25 To 36 Months. 2% Is Applicable Post 36 Months
Part-payments Are Allowed Only Twice During The Loan Tenure And Once A Year. The Amount Cannot Exceed 25% Of The Principal Outstanding

Citi Bank
Loan Against Property

Details

5 Lakh - 5 Crore

7.50% - 8%

Term Loan with OD Facility

Eligibility Criteria

Salaried - Age at least 23 and less than 58
Monthly Income Should Be More Than 20,000
For Listed & Non Listed Both
Digital Process

Documents

Selfie, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - 3 Months Bank Statements Of Till Date

Fees & Charges

Pre-closure Fee = 5% Of Principal Outstanding After 6th EMI.

IDFC First Bank
Loan Against Property

Details

5 Lakhs- 10 Crore

8.50% - 9.50%

Loan Tenure Upto 20 Yr. & Loan Up to 90% of Property Value

Eligibility Criteria

Age - At Least 23 And Less Than 58
Applicants Must Be Salaried Indian Residents Working At Mncs, Public Companies Or Other Large Private Organisations
Monthly Income Should Be More Than 35,000

Documents

Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - Latest 3 Months Salary Slip & 3 Months Bank Statements Of Till Date
Additional Documents - Form 16 & Office I-card

Fees & Charges

Pre-closure Fee = 5% Of Principal Outstanding

Yes Bank
Loan Against Property

Details

5 Lakh To 25 Crore

8.50 % To 9.50%

Higher Loan Amount Facility

Eligibility Criteria

Salaried - Age at least 23 and less than 58
Self-employed - Age At Least 23 And Less Than 58, Office & House Should Be Own

Documents

Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - Latest 3 Months Salary Slip & 3 Months Bank Statements Of Till Date(Pdfc)
Additional Documents - 6 Months Banking Required If Case Book For Balance Transfer With 6 Months EMI Clearance
For Self Employed Need Minimum 2 Years Of Itr Copy & 6 Months Bank Statement Of Current Account With Gst Registration Certificate

Fees & Charges

Pre-closure Fee - 5% Of Principal Outstanding

PNB Housing
Loan Against Property

Details

5 Lakh To 10 Crore

9.50 % To 8.00%

High standards of ethics, integrity and transparency

Eligibility Criteria

Salaried - Age at least 23 and less than 58
Self-employed - Age At Least 23 And Less Than 58, Office & House Should Be Own

Documents

Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - Latest 3 Months Salary Slip & 3 Months Bank Statements Of Till Date(Pdfc)
Additional Documents - 6 Months Banking Required If Case Book For Balance Transfer With 6 Months EMI Clearance
For Self Employed Need Minimum 2 Years Of Itr Copy & 6 Months Bank Statement Of Current Account With Gst Registration Certificate

Fees & Charges

Pre-closure Fee - 5% Of Principal Outstanding

TATA Capital
Loan Against Property

Details

10 Lakh To 3 Crore

10% to 11%

Quick & Easy Processing

Eligibility Criteria

Salaried - Age at least 23 and less than 58
Self-employed - Age At Least 23 And Less Than 58, Office & House Should Be Own

Documents

Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - Latest 3 Months Salary Slip & 3 Months Bank Statements Of Till Date(Pdfc)
Additional Documents - 6 Months Banking Required If Case Book For Balance Transfer With 6 Months EMI Clearance
For Self Employed Need Minimum 2 Years Of Itr Copy & 6 Months Bank Statement Of Current Account With Gst Registration Certificate

Fees & Charges

Pre-closure Fee - 5% Of Principal Outstanding

Aditya Birla Capital
Loan Against Property

Details

10 Lakh To 10 Crore

11% To 13.25%

Loan Tenure: Upto 20 years

Eligibility Criteria

Salaried - Age at least 23 and less than 58
Self-employed - Age At Least 23 And Less Than 58, Office & House Should Be Own

Documents

Passport Size Photo, Pan Card, Aadhaar Card & Current Address Proof
Income Proof - Latest 3 Months Salary Slip & 3 Months Bank Statements Of Till Date(Pdfc)
Additional Documents - 6 Months Banking Required If Case Book For Balance Transfer With 6 Months EMI Clearance
For Self Employed Need Minimum 2 Years Of Itr Copy & 6 Months Bank Statement Of Current Account With Gst Registration Certificate

Fees & Charges

Pre-closure Fee - 5% Of Principal Outstanding

Wedding Expenditure

Make your wedding day more memorable by adding some extra facilities

Medical Emergencies

Fulfill your medical expenses like hospitalization bills, surgeries, and many other treatments.

Higher Education

Reduces the strain on your family savings and eliminates the need to liquidate your investments in fixed deposits.

Advantages with Loanmoney

Loanmoney is one of the leading Loan agencies in Delhi/NCR.

We offer all types of Loans like Personal Loan, Home Loan, Business Loan, and Loan Against Property.

Loan Money's main objective is to provide the Best deals with Multiple options with Transparency & safety.We deal with over 35 Banks & NBFC`S.

Our main focus is customer satisfaction that's why our customers rate us over 4.8 out of 5 on Google review rating, Its shows our level of commitment & services towards our customers.

Experienced Loan Advisor

We are a team of young and energetic professionals from diverse backgrounds like Ex Bankers, and CAs to guide hassle-free Loan processes and deliver on commitment.

Multi Bank Option

Loanmoney deals with Over 35 Banks & NBFCs, As per customer profile & financial status we give a minimum of 3 best deals for Personal Loan which is available in the market.

Free Doorstep Service

Loanmoney doesn't charge anything against the customer for the Service of your Loan and helps you to get the desired loan amount at the lowest rate.

End to End services

We are a very vibrant and dynamic Loan agency that manages all the processes ourselves from lead sourcing to Loan Disbursal. We work for customers utmost satisfaction.

Transparency & Safety

We will share every term and condition related to your Loan processes like interest rates, payment tenure, EMI, and any other charge applied during the Loan process & before loan disbursement on recorded lines.

Referral Program

Loanmoney offers an attractive scheme for earning extra bucks after getting a loan. Any Disburse customer can become our associate & can start earning on referring New customers to Loan Money.

Clients words

What our clients say

We pride ourselves on providing transparent and quality service to our clients, but you don’t just have to take our word for it. Read what our clients have to say about us.

Job Varghese

Client

I am totally satisfied by loan money and the way it services its customers.... especially I thank and appreciate Ms. Somya as she is a great resource to the organization. She has been constantly assisting me from start till the end and has been a very prompt and sensible officer as she could offer the relevant deal for me.

Vishwajeet Nanaware

Client

LoanMoney is really good in providing loan services. Particularly Chanchal, my loan assistant has great skills to communicate with her clients and understand their needs. She processed my personal loan on time. The rate of interest offered was lower than the others. it was overall a good experience with 100% satisfaction.

Avlokit Kaushik

Client

This is my second time in have taken a loan from LoanMoney. Kavita has helped me a lot..very cooperative very helpful very fast. Thanku again.

FAQ of Loan Against Property

Who can apply for a Loan Against Property?
Loan Against Property is available for salaried/self-employed as well as Professionals, Employees of public/pvt Ltd companies. Every bank has individual minimum criteria for net monthly income Rs. 25,000, age between 21 to 60 years, profession, CIBIL Score, job continuity, etc.
How long will it take for my Loan Against Property to be processed?
Once you submit your application form and the required documents as per Bank's criteria, you can expect our approval and disbursal within 5 working days, provided everything is in order. All loan approvals are at the sole discretion of the bank.
What is the Cheapest Loan Against Property or Affordable Loan Against Property?
An Affordable or cheapest Loan Against Property is a loan in which not only you can get an attractive interest rate starting from 10:75% to 18%, and you can get a quick Loan Against Property with minimum processing fees, No hidden charges. With our easy & minimal paperwork, and flexible EMI payment options will make it a hassle-free Loan Against Property.
What are Nil Foreclosure Charges in Loan Against Property?
The term Loan foreclosure means that when a person does the full repayment of the remaining loan amount in one single & final payment instead of paying it back in multiple EMIs.

Some banks don't allow foreclosure of the loan as they won’t get the interest from the borrower and some banks allow foreclosure of the loan but they charge a certain amount from the borrower. While taking a Loan Against Property to try to see if there is zero foreclosure charges or nil foreclosure charges facility available for borrowers. This can save your money which you was going to pay to the bank.
What are the features of Loanmoney's Fastest Loan Against Property?
The features of Loanmoney's Fastest Loan Against Property are No Collateral or no Security, Easy Repayment options, Safety, Attractive Interest rates, It is Unsecured, Can be Obtained for any Purpose and Fast, Cheap & Reliable.
Do I need to provide any security or collateral to obtain Loan Against Property from Bank?
No, you don’t have to provide any security, collateral or guarantee to obtain Loan Against Property from Bank.

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Okhla Industrial Area, Phase - 1
New Delhi - 110020

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Head Office

B-520, Tower B,Logix Technova
Plot No. 44, Sector - 132
Noida - 201305, India

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Office Hours

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Mon-Sat	10:00 - 06:00
Sunday	Online

Apply For Loan Against Properties

Avail LAP for Wedding Expenditure

Get LAP for Medical Emergencies

Apply for LAP for Higher Education

Loan Against Properties for Wedding Expenditure

Loan Against Properties for Medical Emergencies

Loan Against Properties for Higher Education

Loan Against Properties for Home Renovation

Loan Against Properties for Business Expansion

20

Loan Against Property

Send an Enquiry

Features of Loan Against Property

How much do you need?

All Banks Loan Against Property

Purpose for Taking Loan Against Property

Wedding Expenditure

Medical Emergencies

Higher Education

Advantages with Loanmoney

Experienced Loan Advisor

Multi Bank Option

Free Doorstep Service

End to End services

Transparency & Safety

Referral Program

What our clients say

Job Varghese

Vishwajeet Nanaware

Avlokit Kaushik

FAQ of Loan Against Property

Read Our Blogs

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How Moratorium 2.0 will impact on your Creditworthiness...

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