Loan Against Property scheme is a secured personal loan which you can avail by pledging your property as a security or a collateral. These personal loan schemes are also known as mortgage loans. Loan Against Property interest rates range between 8.00% p.a. to 25% p.a. You can avail loans of up to Rs.25 crore for a tenure of up to 20 years with LAP.
Many bank provide customized property loan depending on your requirement. Thus, you may be salaried, self-employed or an SME - rest assured, we have a product for you. Our streamlined process with minimal documentation ensures a hassle-free experience for every customer You can reach out to our support team for answers to any queries you may have or information you need via phone, email.
Eligibility criteria for Loan Against Property
| Type of property | The property should be in India, be it a residential or commercial property. |
| Minimum and maximum age | 25 to 65 years |
| Employment type | Salaried or Self-employed |
| Net monthly income | Rs.25,000 minimum monthly income |
| Others | Legal property documents authorized by the Government of India - Registration Certificate, Property Tax Receipts, Sales Deed, etc. |
Documents required to apply for the Loan Against Property
| Proof of Identity | PAN card, Passport, Driving License, etc. |
| Proof of Address | Passport, Electricity Bill, Aadhaar card, etc. |
| Property Documents | Copy of original sale deed, allotment-possession letter, NOC from society. |
| Income Proof | Latest Income Tax Return Certificate, Form 16, salary slips, audited financial sheet, certificate of practice, qualification certificate, Shop Act License, Sales Tax Certificate, etc. |
How to Apply
Till few years back taking a such type of loan was a tedious process. Now, applying for a Business loan is not a problem anymore. You do not need to visit various banks anymore. We have partnered with various banks who will provide you Business loan at attractive interest rates without any hard-core procedure. We help you in doing research and choose the best for you. Nesta India makes this process easy and quick for you.
If you are looking for loan and want it to be stress free process then get the best assistance from our team.