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Best Loan Against Property (LAP) in India

Loan Against Property belongs to the secured loan category where the borrower gives a guarantee by using his residential/commercial property as security. Borrowers can use the funds for various purposes such as expanding your business, Purchase of Machinery, Medical Emergencies, Wedding Expenses, Debt Consolidation, etc. Access the funds at your disposal as you wish. Make your dreams come true. Apply for Loan Against Property at an attractive rate of interest and repay it comfortably up to 15 years. 

LoanMoney provides easy and hassle-free Loan Against Property for a loan amount starting from Rs. 5 Lakhs. Get smooth processing to compare the interest rate from 10 Banks, Maximum Loan Amount up to 25 Crores, Minimum Documentation, Tenure of Upto 15Years, Doorstep services. We provide customised Property Loan to salaried and self-employed people. 

LoanMoney is an Authorized Direct Selling Agents of various National, Multinational Banks and Non-Banking Financial Companies (NBFC) for promoting their sales for asset division.

Compare Bank Interest Rate

Loan Amount

10 -5000 Lacs

Interest Rate

9.50% To 10%

Special Features

Term Loan | All Properties | Maximum Eligibility

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Loan Amount

10 Lakh To 25 Crore

Interest Rate

9.80% To 10.25%

Special Features

Get 80% DOD & 20 % LAP

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Loan Amount

5 Lakh To 25 Crore

Interest Rate

10.10% To 10.50%

Special Features

No Charges on Minimum Usage on DOD

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Loan Amount

10 Lakh To 5 Crore

Interest Rate

9.60% Onwords

Special Features

Loan Eligibility Up to 200% Of Income

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Loan Amount

5 Lakh To 5 Crore

Interest Rate

8.70% To 9.50%

Special Features

Term Loan with OD Facility

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Loan Amount

5 Lakh To 10 Crore

Interest Rate

10.25% To 11%

Special Features

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

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Loan Amount

5 Lakh To 25 Crore

Interest Rate

10.25% To 10.70%

Special Features

Higher Loan Amount Facility

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Loan Amount

5 Lakh To 10 Crore

Interest Rate

10.25% To 12.00%

Special Features

High standards of ethics, integrity and transparency

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Loan Amount

10 Lakh To 3 Crore

Interest Rate

11% To 12%

Special Features

Quick & Easy Processing

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Loan Amount

10 Lakh To 10 Crore

Interest Rate

14% To 16.25%

Special Features

Loan Tenure: Upto 20 years

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Loan Against Property General Information

Avail Loan against Property to Financing your child’s education, managing your wedding expenses, expanding your business, or even handling unforeseen medical expenses. LoanMoney offers customised Property Loan 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: LoanMoney helps you access a higher loan amount at attractive interest rates. Avail Loan Against Property for Salaried individuals get a high loan amount up to Rs.5 crore, while self-employed individuals can avail a loan of up to Rs. 50 crore.
  • Attractive Interest Rates: LoanMoney provides Loan against Property at low rates of interest, which makes repayment affordable.
  • Flexible Loan Tenure: Salaried/self-employed individuals can select a flexible loan tenure starting from 5 to 15 years and repay the loan conveniently.
  • Lowest EMIs: Opt for a long repayment tenure of up to 15 years which distributes the loan amount, and you get to pay lower EMI amount every month.
  • Fastest Loan Approval: Simple Loan against Property eligibility criteria, minimal documentation and doorstep service makes the loan application process a hassle-free one. Avail this fastest Mortgage Loan disbursed to your account within 3-5 working days post-approval.
  • Part-prepayment Charges Nil: An individual availing Loan Against Property at floating interest rates enjoys part-prepayment and foreclosure facilities at nil charges. for the fixed interest rate you can part-prepay or prepay your loan anytime at minimal charges.
  • Easy Balance Transfer Facility: Transfer your existing loan using Loan against Property Balance Transfer facility through LoanMoney with minimal documentation and quick processing and get a high-value top-up loan with lower interest rate.

Loan Against Property Eligibility Calculator helps you to understand the maximum loan you can avail of depending on your income and repayment capacity. Various factors will consider for your home loan eligibility such as income, company category, job continuity, business continuity, CIBIL Score, ITR other financial liabilities, etc. You can also check eligibility criteria and document required for the Salaried/self-emplyed/professional Loan against property.

Particulars Salaried Self Employed & Professional
Age(Min-Max) 23 To 58 Years 25 To 65 Years
Minimum Income Net Monthly Salary > 30000/- or More Min. 2,50,000/ p.a
Co-applicant If Require If Require
Loan Tenure 15 Years 15 Years
Maximum Loan Amount Max. 5 Crore Max. 50 Crore
Employment/Business Continuity 1 Year Job Stability is Mandatory. 3 Year Business Continuity
CIBIL Score Minimum 720 Minimum 650

 

  • Applicant Minimum age of 23 years.
  • Applicant Maximum age of 60 years at the time of maturity of the Home Loan
  • Minimum Monthly Income: Rs. 30,000/- or more
  • Salaried / Self-Employed / Professionals (Salaried Doctors, CA, Employees of Private Ltd. Companies, and Employees from Public Sector undertakings including State & Central Govt. )
  • Documents Required for Applying for Home Loan by All Applicants and Co-Applicants
  • Application Form with 3 Recently Passport size photograph.
  • Identity proof: Voter ID Card, Aadhar Card, PAN Card, Passport, Driving License
  • Address proof: Voter ID Card, Aadhar Card, Driving License, Ration Card, Passport, Telephone/Electricity Bill, Rental Agreement.
  • Bank Account Statement/Passbook for the last 6 months.
  • Latest 3 months salary slip or current salary certificate.
  • Signature verification by bankers of the applicant.
  • Loan account statement(s) / Sanction letter for running loans
  • Documents Required for Home Loan by Self-Employed Individuals
  • VAT / Service Tax Return of Current Financial Year
  • Audited financial statements for the last 2 years.
  • Business ITR with Tax Audit and Computation of Income
  • Individual ITR with Computations
  • Saving account statements of Applicant and Co-applicant for last 6 months (updated)
  • List of Property Documents
  • Allotment letters.
  • Photocopies of title deeds.
  • Encumbrance certificate.
  • Agreement to sell.Booking Receipts

Loan Against Property is loans which need to be repaid back within a flexibile loan tenure of up to 15 years. Banks offer flexible repayment options starting from 5 to 15 years, depending on the Applicant’s profile. Therefore it is always best to evaluate your repayment capacity before your application for the Loan Against Property. Loan Against Property EMI Calculator lets you calculate the EMI which you will have to pay every month if you take a loan of a particular amount and tenure at a specific interest rate.

There are various factors to consider while taking a Loan Against Property in order to assure the borrower gets the best possible deal. Factors such as:

  • Attractive Rate of Interest: Banks offer lower or higher interest rates depending on the Applicant’s profession, income, Company Category and CIBIL Score. Before choosing a bank, compare the Loan Against Property Interest Rates offered by various banks, and opt for the one offering the minimum interest rate.
  • Service Charges: Processing fee, pre-payment charges, and documentation fee are some of the service charges that are added to the loan amount. Choose a bank that charges a minimum fee for these services.
  • EMI: Compare the EMI options offered by different banks, before deciding the one that offers the best EMI option.
  • Loan Tenure: The repayment period for Loan Against Property starting from 5 year to 15 years. 
  • Quick Disbursal: The main purpose of a Loan Against Property is to fulfil the urgent financial needs of a customer. Most banks process and issue loans within 7 to 8 working Days.

Loan Amount: Rupees 5 Lakhs to 25 Crore
Rate of Interest (APR)*: 8.80% to 12.00%
Repayment Tenure: Up to 15 Years
Processing Fees: Upto 2%
Prepayment/ Foreclosure: Nil charges

Illustration: Rs. 1 Lac loan on @12% with processing Fees for 60 Months comes to Rs. 1,33,466/- Equated Monthly Instalment shall be: Rs. 2,224/- only.

* APR - Annual Percentage Rate


Loan Against Property Frequently Asked Questions (FAQ)

oth Salaried as well as Self-Employed people can avail Mortgage Loan, irrespective of the income.
Kindly submit a written request to your nearest Retail Loan Service Centre to close your account. Our customer service desk will provide you with the necessary assistance.
You may refer to the "Fees & Charges" option under the product "Loan Against Property" and "Loan Against Rental Receivables".
You can apply for a loan in the following ways:
  • Fill in the online application form and our representative will get in touch with you
  • Call one of our Phone Banking numbers provided on the website
  • Visit your nearest branch
  • Our existing liability customers may also get in touch with their Relationship Managers/ Personal Bankers to know more and apply for LAP
You can provide your self-occupied Residential or Commercial property (Shops and Offices) as collateral.
You can get a Loan Against Property up to a maximum of 60%* of the market value of your property.
The general factors taken into account while determining the eligibility of loan against property are listed below:
  • Income
  • Age (Min. 21 Years)
  • Property Valuation
  • Existing Liabilities (if any)
  • Current Work Experience
  • Financial Documents
  • Number of Dependants 
You can get a LAP up to 80% of the registered value of your property depending on the Bank’s policy and the property type and valuation.
The value of the property would be determined through a valuation conducted by the Loan Provider.
There is a huge difference between a Home Loan and Loan against property. Home Loan is taken only for the purpose of buying a residential property whereas a Loan against Property can be taken for any purpose. Quick Form for Personal Loan in Delhi NCR.
  • Application
  • Processing
  • Documentation
  • Verification/Valuation
  • Sanctioning of the Loan
  • Disbursement 
Yes, a nominal fees and charges are to be paid to the Bank depending upon their term and conditions.
Loan Against Property For Salaried:
  • Application form with photograph
  • Identity and Address Proof
  • Latest Salary Slips
  • Form 16
  • Bank Statements (Last 6 months)
  • Processing fee cheque 
Loan Against Property For Self-Employed:
  • Application form with photograph
  • Identity and Address Proof
  • Proof of business existence & Education Qualifications.
  • Last 3 years ITR
  • Last 3 years P&L and Balance Sheet
  • Bank Statements (Last 6 months)
  • Processing fee cheque 
The processing of the loans usually takes 7 to 10 working days once all the documents are submitted. It also depends upon your profile and documentation.
Yes the property has to be insured against fire, flood, earthquakes and other appropriate hazards during the tenor of the loan. Quick Form for Personal Loan in Delhi NCR.
The repayment of loan is done through Equated Monthly Installments. It can be paid through Post Dated Cheques (PDC) or Electronic Clearance System (ECS)
The loan against property can be pre-paid along with the pre-payment charges. Usually the bank charges 2% of the principal pre-paid.

Advantage with Loanmoney

Loanmoney is one of the leading Loan Agency inDelhi/NCR. We offers all types of Loans & Credit Cards like
Personal Loan,Credit cards, Home Loan, Business Loan and Loan Against Property .

Loan Money's main objective is to provide Best deal with Multiple option with Transparency & safety. We deal with over 35 Banks & NBFC`S. ,Our main focus is customer satisfaction that's why our customer rate us over 4.8 out of 5 on Google review rating, Its shows our level of commitment & services towards our customers.


  • Expert & Experience Loan Advisor
    We are a team of young and energetic professionals from diverse backgrounds like Ex Bankers, CAs to guide hassle free Loan process and to deliver on commitment.

  • Multi Bank Option
    Loanmoney deals with Over 35 Banks & NBFCs,As per customer profile & financial we will give you minimum 3 best deal for your Personal Loan which is available in the market.

  • Free Door step Service
    Loanmoney doesn't charge anything against the customer for the Service of your Loan and help you to get desire Loan amount with lowest Rate.

  • End to End services
    We are very vibrant and dynamic Loan agency who manage all the processes ourselves from lead sourcing to Loan Disbursal. We work for customer utmost satisfaction.

  • Transparency & Safety
    We will share every terms and conditions related with your Loan process like interest rates, payment tenure, EMI and any other charge applied during Loan process & at before loan disbursement on recorded lines.

  • Referral Program
    Loanmoney offer an attractive scheme for earn extra bucks after getting loan. Any Disburse customer can become our associates &can start earning on referring New customers to Loan Money.

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