LOAN AGAINSTPROPERTY (LAP)
A Loan Against Property lets you unlock the value of a residential or commercial property you own
without having to sell it — while you continue to use or rent it out as before. Because the loan is
secured by your property, lenders offer larger loan amounts, lower interest rates, and longer
repayment tenures than unsecured options. Funds can be used for business expansion, debt
consolidation, education, medical needs, or any major expense. Gayatri Finserv compares offers
across 50+ banks and NBFCs to get you the best LTV and rate for your property.
Features & Benefits
- Loan amount: ₹10 Lakhs to ₹10 Crores
- Loan-to-Value (LTV) up to 70% of property value
- Tenure: up to 15 years
- Lower interest rates than unsecured loans
- Residential, commercial & industrial property eligible
- No restriction on end-use of funds
- Continue to use or rent out the property
- Balance transfer & top-up loan options available
- Part-prepayment and foreclosure options available
- Doorstep documentation & valuation support
Who Can Apply?
🏪
Sole Proprietors
Business owners who own a clear-titled residential or commercial property.
🤝
Partnership Firms
Partnerships with a property in the firm's or partner's name available as security.
🏢
Private Limited Companies
Companies seeking large-ticket funding against company or director-owned property.
👨💼
Salaried Individuals
Salaried professionals with a stable income and a self-owned property to pledge.
🧑⚕️
Self-Employed Professionals
Doctors, CAs, architects, and consultants with regular income and owned property.
🏠
Property Owners (NRI & Resident)
Individuals with clear title to residential, commercial, or industrial property.
Documents Required
🪪
PAN Card & Aadhaar Card (All Applicants/Co-applicants)
🏢
Business Proof — GST Certificate / Shop Act / MOA-AOA
📊
Last 2–3 Years ITR with Financials
🏦
Bank Statement — Last 12 Months
📜
Property Title Deed & Chain of Documents
🧾
Property Tax Receipt & Valuation Report
Frequently Asked Questions
What is a Loan Against Property?+
A Loan Against Property (LAP) is a secured loan where you pledge a residential, commercial, or industrial property you own as collateral to borrow funds, while retaining ownership and the right to use or rent it out. Since it's secured, interest rates are lower than unsecured loans.
How much can I borrow against my property?+
Lenders typically offer 50–70% of the property's current market value, depending on the property type, location, and your income profile. Commercial properties often get a slightly lower LTV than residential ones due to valuation volatility.
Can I still use or rent out the property after taking LAP?+
Yes. The property remains in your name and you can continue to live in it, run your business from it, or rent it out. The lender only places a charge on the property as security and does not take possession unless there's a default.
What types of property are eligible?+
Self-owned residential flats, independent houses, commercial offices, shops, and industrial units with clear title and proper municipal approvals are generally eligible. Agricultural land is usually not accepted as collateral for LAP.
How long does property valuation and approval take?+
Once documents and a property valuation report are submitted, sanction typically takes 7–10 working days. The exact timeline depends on legal title verification and the lender's internal process.
What happens if I default on a Loan Against Property?+
Consistent default can lead to the lender initiating recovery proceedings against the pledged property under applicable law, which may ultimately result in its sale to recover dues. We strongly recommend contacting your lender early if you anticipate repayment difficulty — restructuring options are often available.