Maximize your property's potential – Avail Loanmaart LAP service.

Higher Loan Amounts

Lower Interest Rates

Flexible Repayment Options

Multi Purpose Use

Welcome to Loanmaart Loan Against Property Service: Financing your dreams

Utilize the untapped potential of your property and secure the funds you need to pursue your dreams. With our reliable loan against property services, unlock the true value of your assets and pave the way to a brighter future.

LAP (Loan against Property)

There is a wide scope of loans that are accessible in the market today; one of them is a loan against property. We know that property is the steadiest resource. LAP is a generally excellent choice as there are a few points of interest of a property, which remember the probability of gratefulness for esteem, being in the idea of a fixed resource, salary procuring potential, etc. This permits the best utilization of the property that is possessed and simultaneously will empower the raising of assets required for different purposes. Additionally, LAP accompanies a low financing cost contrasted with that of a personal loan or home loan. Legitimate utilization of the assets will guarantee that the most extreme advantage is taken from the position. We are the best Loans against Property suppliers in Delhi which presents you the best plans for the loan against property.This loan is given as a specific level of the property's reasonable worth. Loan against property has a place with the secured loan classification where the borrower gives assurance by utilizing his property as security.

Rate of Interest for LAP is from 11% to 16% with the tenure up to 15 years

Eligibility for Loan Against Property in India

The eligibility criteria for a loan against property typically include:

  1. Ownership: The applicant must be the legal owner of the property against which the loan is being sought.

  2. Age: The applicant should meet the minimum and maximum age criteria specified by the lender, typically ranging from 21 to 65 years.

  3. Property Valuation: The property offered as collateral should meet the valuation criteria set by the lender.

  4. Income Stability: The applicant should have a stable source of income, whether salaried or self-employed, to demonstrate repayment capability.

  5. Creditworthiness: A good credit score and repayment history are generally required to qualify for a loan against property.

  6. Documentation: The applicant must provide all necessary documents, including identity proof, address proof, income proof, and property documents.

  7. Loan-to-Value Ratio: The loan amount offered is typically a percentage of the property's market value, known as the loan-to-value ratio, and may vary among lenders.

  8. Legal and Regulatory Compliance: The property should be free from legal disputes, encumbrances, and any other legal or regulatory issues.

  9. Purpose: The loan against property can be used for both personal and business purposes, and the intended use may influence eligibility criteria.

Documents Required

To avail a LAP service in India, borrowers typically need to provide the following documentation:

    • Identity Proof:

      • Aadhaar Card
      • Passport
      • Voter ID Card
      • Driving License
    • Address Proof:

      • Aadhaar Card
      • Passport
      • Voter ID Card
      • Utility bills (electricity, water, gas)
      • Rent Agreement (if applicable)
    • Income Proof (for salaried individuals):

      • Salary slips for the last 3-6 months
      • Form 16 or Income Tax Returns (ITR) for the last 2-3 years
      • Employment Certificate or Offer Letter
    • Income Proof (for self-employed individuals):

      • Income Tax Returns (ITR) for the last 2-3 years
      • Profit and Loss Statement
      • Balance Sheet
      • Business Registration Certificate (if applicable)
    • Bank Statements:

      • Bank statements for the last 6-12 months, showing salary credits or business transactions
    • Property Documents:

      • Sale Agreement or Purchase Agreement
      • Property Title Deed
      • Approved Building Plan
      • Khata Certificate
      • Encumbrance Certificate
      • NOC from relevant authorities
    • Legal and Regulatory Documents:

      • Identity and Address Proof of Co-Applicants (if any)
      • Power of Attorney (if applicable)
      • Declaration of Assets and Liabilities
      • Any other specific documents required by the lender.