Loan Against Property Features
Flexible Loan Eligibility
Loans value from Rs.10 Lakh to Rs. 5 Crore
Loans against commercial, residential or industrial property
Loan for your business as well as personal needs
🔹 Features & Benefits of Loan Against Property
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âś… Secured Loan
The loan is backed by your property, reducing risk and ensuring lower interest rates compared to unsecured loans. -
âś… Higher Loan Amount
Based on the market value of your property, you may be eligible for a higher loan amount than most personal loans. -
âś… Flexible Tenure
Choose from longer repayment periods ranging from 5 to 20 years, resulting in manageable EMIs. -
âś… Multi-purpose Loan
Use the funds for any purpose—business expansion, debt consolidation, weddings, or medical emergencies—with no end-use restrictions. -
âś… Credit Score Boost
Regular EMI payments on your LAP can improve your credit profile over time.
âś… Eligibility Criteria for Loan Against Property
To apply for a LAP with VISION ADVISORY/CONSULTING, you must meet the following criteria:
| Criteria | Details |
|---|---|
| Nationality | Must be a Resident Indian Citizen |
| Occupation | Salaried, Self-Employed Professionals, or Business Owners |
| Income Proof | Required to establish financial stability and repayment capacity |
| Credit History | Minimum preferred credit score of 650 or above |
| Property Ownership | The applicant must be the legal owner of the property |
| Banking Relationship | Existing healthy financial relationships with banks/NBFCs are beneficial |
| Property Market Value | Must be higher than the loan amount; evaluated by the lender |
| Property Title | Property must be free of legal disputes and not mortgaged elsewhere |
đź“ť Documents Required for Loan Against Property
To initiate the application process, submit the following documents:
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Proof of Identity / Residence: Aadhaar, Passport, PAN, Voter ID, Driving License
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Proof of Income: Salary Slips, ITRs, or Audited Financials
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Property Documents: Sale deed, title deed, property tax receipts, approved building plan
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Proof of Business (if self-employed): GST certificate, Business Registration, Udyam Aadhaar
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Bank Account Statement: Last 6 months’ active current or savings account
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Other: Passport-size photographs, Rent/Ownership Agreement (if applicable)
đź’ˇ Loan Against Property EMI Calculator
Planning your EMI in advance can help you manage your finances better. Here’s the formula used:
EMI Formula:
EMI = [P × r × (1 + r)^n] / [(1 + r)^n – 1]
Where:
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P= Principal loan amount -
r= Monthly interest rate (Annual Rate Ă· 12 Ă· 100) -
n= Loan tenure in months
Example: For a loan of â‚ą10,00,000 at 9% annual interest for 10 years (120 months), you can calculate EMI using the formula or an online EMI calculator.
Want an interactive EMI calculator on your site? I can help embed it using JavaScript or Elementor for WordPress.
đź’° Fees & Charges for Loan Against Property
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 0.25% to 2% of the Loan Amount |
| Loan Cancellation Charges | Nil to 5% (varies by bank/NBFC policy) |
| Stamp Duty Charges | As per state laws and property valuation |
| Legal Fees | As per actuals |
| Penal Charges (Late Payment) | Up to 2% per month on the overdue amount |
| EMI / Cheque Bounce Charges | â‚ą500 per instance (approx.) |
| Foreclosure Charges | Nil to 4% (depending on lender policy and loan terms) |
📞 Let’s Secure Your Financial Future
With VISION ADVISORY/CONSULTING, you don’t just mortgage your property—you maximize its value to power your future. Our team will guide you through every step, ensuring transparency, flexibility, and peace of mind.
👉 Apply Now or Speak to Our Experts to explore your eligibility and best-fit loan options.
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