Unlock The Value of Your Property Without Selling It
Access substantial funds by pledging your commercial property while retaining full ownership and usage rights.
OVERVIEW
What is a Loan Against Property?
A loan against property is a financing tool that allows owners to access a substantial amount of funds without actually selling their property. Any individual or business owner can avail large funds through this credit line while continuing to be the owner of their property.
Borrowers can get this loan facility by pledging their commercial property as collateral for the lender's security. These loans often attract lower interest rates and have longer repayment periods in comparison to unsecured loans. This loan facility can be availed for many reasons, including business expansion, education, medical expenses, or any other requirement needing a substantial amount. Overall, LAP helps you to unlock the true value of your property and convert it into liquid funds without compromising the ownership.
50-70%
of Property Value
8-13%
Interest Rate p.a.
Up to 15
Years Tenure
100%
Ownership Retained
THE PROCESS
Understanding the Process of Loan Against Property
Understand the working of a property loan with the following points:
Apply for Loan
The borrower applies for a loan using a property as collateral
Property Evaluation
The lender evaluates the property's market value
Eligibility Check
Loan eligibility is determined based on property value and income
Approval & Disbursal
The loan amount is approved and disbursed
EMI Repayment
The borrower repays the loan through EMIs over a fixed tenure
Document Release
Once repaid, the property documents are released back to the borrower
WHO SHOULD APPLY
Who Should Apply for Loan Against Property?
Loan Against Property is suitable for:
Business owners looking for expansion funds
Companies managing operational expenses and cash flow
Self-employed professionals using office or commercial spaces
SMEs requiring working capital for business growth
Enterprises funding equipment, inventory, or project needs
KEY FEATURES
Key Features of Loan Against Property
High Loan Amount
- Loans are offered based on commercial property value
- Typically ranges from 50% to 70% of the property's market value
Lower Interest Rates
- More affordable compared to unsecured business loans
- Secured nature reduces risk for lenders
Long Repayment Tenure
- Flexible tenure ranging from 5 to 15 years
- Helps reduce EMI burden
Continued Ownership
- You retain ownership and usage of the commercial property
- No need to sell valuable business assets
Business-Focused Usage
- Funds can be used for expansion, operations, or working capital needs
ELIGIBILITY
Eligibility Criteria for LAP
To qualify for a Loan Against Property, ensure you meet the following criteria to maximize your approval chances.
- Ownership of a commercial property
- Stable business income or revenue flow
- Good credit score and financial track record
- Property must have clear legal and commercial approvals
- Business profile and repayment capacity as per lender guidelines
RATES & TENURE
Interest Rates and Tenure
8-13%
per annumThe interest rates for LAP range between 8–13 percent per annum.
Up to 15
yearsThe repayment period for this loan facility can go up to 15 years.
Flexible
based on valueIt depends on the property value and repayment capacity of the business.
Documents Required
BENEFITS
Benefits of a Loan Against Property
Easy access to large business funds
Lower EMIs due to longer tenure
Better interest rates than unsecured loans
Helps maintain ownership of commercial assets
Improves business cash flow and flexibility
WHY CHOOSE VANIK
How Vanik Finance Can Help You With Loan Against Property?
Our platforms offer:
Simple Application
We provide a simplified loan application process.
Quick Approvals
Get fast approvals within a few minutes.
Minimum Documentation
Get access to your property's true value with minimum documentation.
Track Your Application
Track your application online and get real-time updates on your approval.
