#### Apply for a Loan Against Property today in {{city | titlecase}}.

Get your loan against property approved within days with transparent lending criteria and transparent processes.

- Current lap interest rates start @10.25% Check Best Offers
- Compare lap rates of different banks to get the best offer from HDFC Bank, Tata Capital, ICICI Bank, IDFC First Bank, Axis Bank
- Get a lap based on your eligibility at the best rates using a lap eligibility calculator online.

##### Apply for Loan Against Property

Your Full Name FullName is required
Mobile No. Mobile Number is required
Current Place of Residence Pincode
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Current Place of Residence
Current City is required
Employment Type
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Loan amount Required Loan Amount is required
Net Monthly Income Monthly Income is required
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## EMI Calculator

Fill up the detail and calculate EMI

Loan Amount(Principal Amount) Amount is required
Interest Rate(%) Interest Rate is required
Loan Duration(Month) Please enter loan duration(month)

###### Monthly EMI

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###### Amount Payble

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###### Principal Amount

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###### Total Interest Payable

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### What is Loan Against Property

Loan against property scheme is a personal loan secured by collateral that you can get by pledging your home as a security collateral. Personal loan schemes like these are also referred to as mortgage loans. Loan against property interest rates are ranging from 8.00 percent p.a. to 25 percent p.a. You can get low interest mortgage loans of as much as Rs.25 crore with a term that extends to 20 years under LAP. However, there are some clauses or provisions that you have to maintain or follow. Different banks have different provisions for granting loans to a person or an individual.

#### Features and Benefits of Loan Against Property

Given are the features and benefits of a loan against property-

##### A lower rate of interest

Secured loans generally come with a lower rate of interest compared to non-secured loans. Additionally when you have an excellent rating on your credit and are a creditworthy person, then the chance of receiving a loan with a low interest rate also increases.

##### Simple process of approval and documentation

The process of preparing documentation and approval of loans is usually easy when it comes to the loan of property. The property on which the loan is taken is used as collateral for the loan in this instance. It allows the lender to move ahead with a straightforward procedure of documentation.

##### The ability to repay the loan

The majority of mortgages against properties offer a flexible repayment period for loans. Based on the lender you select you may be able to take advantage of an interest-free loan for up to 20 years.

##### Permanent ownership of the property

When the loan being made against property the ownership of the property remains by the lender. If you use your property as collateral to secure a loan, ownership of the property does not change. This allows you to dispose of the property in the event you're not able to repay the loan.

##### The pre-closure option

You can choose to pre-closing your loan against property. If the loan you took out has variable interest rates it is not legally required to pay any penalty to pre-close the loan. However, you'll be forced to pay a small amount if the loan has a fixed interest rate.

##### Optimal use of the property

If you take out a loan and have a home that you use as collateral, you can meet your financial requirements by obtaining a loan amount that is in line with the house. Additionally you will also be able to keep your home. You may decide not to let your property go to auction and be able to get enough funds to cover your needs, and with affordable rates of interest.

### How to Apply for a Best Loan Against Property Online?

To apply for an online best Loan Against Property, either you can visit the official website of the lender or perform the following steps:-

- Step 1 : If you need a thorough Loan Against Property comparison before deciding on the bank, visit credit.nsserver.in.
- Step 2 : Click on the Loan Against Property tab.
- Step 3 : Fill in the required information like name, contact No, loan amount required,PanCard No etc on the form given on the right side.
- Step 4 : Click on ‘Submit Button'.
- Step 5 : At this step, you will be requested to provide a few more details to get customised offers.
- Step 6 : Compare your eligible offers and select the one that meets your requirements.
- Step 7 : Get assistance from our loan advisors or choose to complete the online journey to get instant loan approval and disbursal.

### Documents Required for Loan Against Criteria

You need to be ready with the following list of documents to be submitted at the time of Loan Against Criteria application:-

- Identity proof- PAN Card, Aadhaar Card,Passport Size Photo.
- Address proof- Passport, Driving License, Election ID card, Electricity bills,Rent Agreement
- Co Applicant's Photo,co Applicant's KYC(AadharCard,PanCard)
- Bank statement- Bank statement of prior 1 year,6 Month Salary Slip
- G A 55/Form 16
- Property Papers,OwnerShip proof(Electricity bill,water Bill)
- Employment certificate- that states one year of constant employment.

### Loan Against Property EMI Calculator

Loan Against Property EMI Calculator is an online tool that helps you to calculate the EMI by entering details about the loan amount, interest rate and tenure. Advanced EMI calculators also build an amortization schedule which gives you a break up of every EMI into interest as well as loan repayment. EMI calculators are preferable over manual calculation due to their instant and accurate results and an ability to do multiple calculations in one go.

### Loan Against Property Eligibility Criteria

You need to be ready with the following list of documents to be submitted at the time of Loan Against Property application:-

- Gross annual/monthly income
- Minimum age requirement of 21 years
- Adequate examination of your property
- Income proof documentation
- Existing liabilities
- Either you are self-employed, or even salaried, you’re always eligible for a mortgage loan.

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### How to Get Instant Approval on Loan Against Property?

To get instant approval on a loan against property, you need to fulfil the following conditions:-

- A good relationship with your existing bank is maintained by paying off dues and instalment on time. If you are a savings account holder, ensure that you maintain the minimum required balance per month. This way, the lender develops trust in you and grants you an instant loan based on your financial credibility.
- Make credit card payments on time and maintain a good balance between no use and excessive usage of your credit card.
- A good credit score is key to getting a loan quickly. Maintain a good credit score above 650 and get the loan amount sanctioned in the account within no time.
- If you are working with top corporations and getting timely salary credits, you stand a better chance of getting a loan.

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