Loan Against Property: Apply for LAP Online

1800 270 7000

Home Loan

Find customised home loan solutions for your unique needs

Balance Transfer

Find a better interest rate for your existing home loan

Top up Home Loan

Get a loan on your existing home loan to meet your needs

Loan Against Property

Turn your assets into a financial ally

Credit Track

Discover your financial fitness - check your credit score

Check Now

Home Loan EMI Calculator

Get an estimate of your Home Loan EMI now

Calculate Now

Mortgage Calculator

Calculate your Loan amount for your Current property

Know More

Home Loan Eligibility Calculator

Are you eligible for a Home Loan? Find out now!

Calculate Now

Why Loan Against Property (LAP) ?

We offer this facility is to enable the borrower to monetize his owned property without selling it. The necessary funds are raised in a short period of time, subject to valuation of the property and the submitted documents. The loan helps the borrower tide over a financial crisis with minimum risk.

Is the Loan Against Property (LAP) facility for you?

If you are in immediate need of money for personal or business needs, LAP can transpire into an excellent financial decision. All the rights and accruements over the mortgaged property remain with you during the loan period. You can also take a property loan on the assets whose ownership is in your name but are leased out by you.
Simply for infusion into Business, or for a home restoration project or the purchase of a new commercial premises the LAP facility is a worthy financial product to explore.

Reasons To Get Loan Against Property

High loan-to-value ratio (LTV)

You can borrow up to 75% of the market value of your property, which can provide you with a significant amount of funding.

Flexibility in usage

Utilise the funds for a variety of purposes such as home improvement and renovations, debt consolidation, medical emergencies, education expenses, business expansion, etc.

Customised repayment terms

Choose from a variety of repayment tenures that align with your financial standing and preferences.

Quick processing times

Experience quick and efficient loan processing to access funds promptly.

Dedicated customer service:

Receive exceptional customer service throughout the loan process, from application to post-disbursement.

Competitive Interest Rates

Say goodbye to high interest rates and embrace a more affordable solution. We offer some of the most competitive interest rates in the industry, ensuring that you save money with every repayment.

Revision of Reference Rates for determining Interest Rates on loans given

A high credit score signals reliability to lenders and can help you get lower personal loan interest rates.

High existing debt can lead to higher interest, as lenders see more risk in lending to heavily indebted borrowers.

Stable income and employment history make you eligible for personal loans with low interest rates, as lenders perceive lower risk.

Different banks and NBFCs have varying interest rate structures, so comparing offers helps identify the personal loan minimum interest rate available to you.

Larger loans or longer repayment tenures may attract slightly higher personal loan rates due to increased risk.

Our Offerings

Check out the different options available with us under Loan Against Property

Buy Online

Commercial

Pledge your commercial property and get a loan against its value.

Industrial

Have an industrial property to your name? Get a loan against its value and fund your needs.

Loan Against Plot Commercial

Loan available against a commercial plot of land at attractive interest rates.

Loan Against Plot Residential

Get a loan against a residential plot of land and meet the different financial needs that you might have.

Plot Purchase

Use the loan to buy a plot of land for your residential or commercial needs.

Residential

Get a loan against your residential property and get the funds that you need with flexible repayment tenures.

Micro LAP

A loan designed for the rural areas to cater to their specific financial needs.

5 Things To Consider Before Taking A LAP

STEP

<span style="white-space: pre;"></span>Visit the Official Website and navigate to the ‘Loan Against Property’ section.

STEP

Complete process with assigned RM from ABHFL

STEP

Get loan sanction

STEP

Sign loan agreement

STEP

Disbursement in your account

Compare Our Loan Against Property Products

A quick glance at how different Loan Against Property options differ from each other

Product Type	Commercial	Industrial	Loan Against Plot Residential	Residential
Best For	SMEs, entrepreneurs, business owners	Manufacturers, warehouses, import and export companies	Homebuyers, property developers, individual plot owners	Retirees, pensioners, debt consolidators
Tenure	Upto 15 years	Upto 15 years	Up to 10 years	Up to 15 years
Interest rate	9.35% -17.5% p.a.	9.85% - 12.60 % p.a.	8.85% - 16.5% p.a.	8.85% - 16.5% p.a.
Credit Score Required	>=650 & NTC	>=650 & NTC	>=650 & NTC	>=650 & NTC
Balance Transfer Facility	Yes	Yes	Yes	Yes
Tax Benefits	NO	NO	NO	NO

Disclaimer: The interest rate constitute the rack rate for all customers. Actual interest rate for any customer and will be as communicated at the time of loan sanction and disbursal. It will be subject to changes from time to time and is at sole discretion of ABHFL

Loan Against Property Eligibility

Are you eligible for a loan against property? Check whether you meet the criteria.

Eligibility criteria

Property typeResidential or commercial
NationalityIndian citizen
Minimum age for applying21 years
Maximum age at loan maturity60 years for Salaried & 70 years for Self-employed
Good credit history Credit score to 650 or above, new to credit
EmploymentSalaried or self-employed

Note - This is an indicative list that may change based on your actual loan application.

Upto 30 Lakhs

Suggests who should get this policy. Remember, it’s only a suggestion.

30 Lakhs to 75 Lakhs

More than 75 Lakhs

90%

80%

75%

Disclaimer - All loans will be at the sole discretion of ABHFL.

Fees & Charges

To Know the Fees and Charges rate please click on Know More button

KNOW MORE

Documents Needed

Proof of Identity and Address

Passport/ Aadhaar Card/ Voter's ID/ Driving License/ Job Card issued by NREGA/ Registration certificate/ PAN card (PAN Card only as identity proof)

Proof of Income

Salary slip for the last 3 months showing all deductions and Form 16

Bank statement showing salary

Latest 6 months

Proof of Other Income:

Rental receipts or documents showing receipt of income

Property Documents:

Copy of Title documents and approved sanction plan

Proof of Identity and Address

Passport/ Aadhaar Card/ Voter's ID/ Driving License/ Job Card issued by NREGA/ Registration certificate/ PAN card (PAN Card only as identity proof)

Proof of Income

IT Returns or financial documents for the last 2 years and computation of income certified by a CA for the last 2 years

Bank statement where income is credited

Latest 6 months

Proof of Other Income:

Rental receipts or documents showing receipt of income

Property Documents:

Copy of Title documents and approved sanction plan

Customer Satisfaction Stories

Mr. Hiralkumar Ashokbhai Patel

Aditya Birla Finance Customer

The digital platform and whatsapp service of ABHFL gives me a quick access to my basic loan details such as statement of accounts, loan account details, interest certificate, and repayment schedule.

Mr. Arpit Jain

Aditya Birla Finance Customer

Gurgaon, India

Mr. Pramod Kumar Saini

Aditya Birla Finance Customer

Highly appreciate the speed of work at ABHFL, my overall experience in the home loan journey was good.

Mr. Dharmendra Kumar

Aditya Birla Finance Customer

Meerut, India

Mrs. Snehal Rajpure

Aditya Birla Finance Customer

Tax Planning

Save Tax, invest more, reach goals

Tax-saving options, one click
Save tax under different sections

Know More

Secured Business Loan

Secure business loans for you

Low interest, flexible payments
One app, quick dispersals

View Plans

FAQs on Loan Against Property

Loan Against Property (LAP) is a secured loan that allows you to borrow money by pledging your residential or commercial property as collateral. This means that the lender will have a legal claim to your property if you are unable to repay the loan.

ABHFL typically accepts the following types of properties as collateral for LAP:

• Residential properties (apartments, bungalows, houses)

• Commercial properties (shops, offices, warehouses)

• High loan-to-value ratio (LTV): You can borrow up to 75% of the market value of your property, which can provide you with a significant amount of funding.

• Flexible repayment options: You can choose a repayment tenure that suits your financial situation.

• Competitive interest rates: ABHFL offers competitive interest rates on LAP, making it an affordable option for borrowers.

• Quick processing times: ABHFL strives to process LAP applications quickly, so you can access the funds you need as soon as possible.

LAP can be used for various purposes, including:

• Home improvement and renovations: You can use LAP to finance home improvements, such as renovations, extensions, or upgrades.

• Debt consolidation: You can consolidate multiple debts into a single LAP, potentially reducing your overall interest payments and simplifying debt management.

• Medical expenses and emergencies: LAP can serve as a financial backup in case of unexpected medical expenses or emergencies.

• Education expenses: LAP can be used to fund education expenses for yourself, your children, or other family members.

• Business expansion: LAP can be used to finance business expansion plans, such as purchasing equipment, hiring new employees, or expanding operations.

You can avail of LAP for any personal or business purposes, provided the end use is not for any speculative or prohibitive reasons.

Loans can be availed with a tenure of up to a maximum of 20 years. Repayment will not ordinarily be extended beyond the age of retirement (if you are employed) or on your reaching 60 years of age, whichever is earlier. However, our endeavour will be to determine the repayment period to suit your convenience.