Retail Loans

Loan Against Property (LAP)

1. What is Loan Against Property (LAP)?

A Loan Against Property is a secured loan, wherein you can mortgage your residential,
commercial or special use property to get immediate funds for any purpose, ranging from
business expenditure to personal needs.

2. Who can avail a Loan Against Property (LAP)?

25-70 years old. Can use funds for various purposes (wedding, education, medical,
property purchase, debt consolidation, etc.).

25-70 years old.

Up to 75% of property value. Funds can be used for
equipment, expansion, second home, etc.

Loan tenure up to 10 years.

3. Benefits

Make your Loan repayment easy with long tenure and affordable
interest rates

Get a quick sanction on a loan amount up to 75% of your property
value specially designed for doctors

Avail a loan tenure of up to 15 years and avail the benefit of reduced
EMI

Transfer your existing Home Loan or any other existing loan Against Property
with other financiers, using the LAP balance transfer facility

4. Documents Required

PAN Card, Aadhaar Card, Passport, Voter ID, Driver’s License

Salaried: Salary slips for the last 3 months, Form 16 for the last 2 years, Bank statements for
the last 6 months
Self-Employed: Income Tax Returns (ITR) for the last 3 years, Profit & Loss Account
Statements and Balance Sheets for the last 3 years, Bank statements for the last 6 months,
Business registration documents (if applicable)

Original property documents (title deed, etc.), Chain of title
documents, Approved building plan, No-encumbrance certificate

Loan application form with photograph, Processing fee cheque, Details of
existing loans (if any)