Loan Against Property

A sudden requirement of funds is an unavoidable circumstance arising in professional or personal life. Whether a personal necessity (hospitalisation, child's marriage) or ​a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments. In this context, it is imperative to consider an invaluable alternative source of finance known as Loan Against Property (LAP). This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinising the validity of the said property and its current market value.

Why Loan Against Property (​​LAP)?

Aditya Birla Housing Finance extends the Loans Against Property (LAP) facility to enable the borrower to liquidate 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 cash for personal or business needs, taking an LAP can transpire into an excellent financial decision. All the rights and accruements over the pledged 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 is leased out by you. However, you are unable to sell the pledged property during the loan period. Hence, for a home restoration project or the purchase of a new commercial premises, the LAP facility is a worthy financial product to explore.

Features of Loan Against Property

• Features of Loan Against Property
• Tenure: Up to 30 years
• Maximum loan amount: Up to Rs 75 crore
• Maximum loan amount: Up to Rs 75 crore
• No pre-payment charges up to a maximum of 25% of your outstanding loan, once every financial year
• Loan amount: Up to 60% of property value in case of commercial property, up to 70% in case of residential property

Please ask us for the required set of documents at the time of inquiry to know your loan against property eligibility.

Next steps...

• Do you want complete product details? Download the brochure
• If you want to apply for Loan Against Property, Download the application form.

Call 1800 270 7000 or write us at care.housingfinance@adityabirlacapital.com. Click here to schedule a meeting today. ​​​​​​​​​