Loan Against Property (LAP)
A Loan Against Property (LAP) allows you to unlock the value of property you own by using it as collateral to secure a loan. Whether you need funds for business expansion, personal expenses, debt consolidation, or an emergency, this facility offers high loan amounts at lower interest rates than unsecured loans. We help you compare and secure suitable LAP offers from leading banks and NBFCs.
Why Choose Us?
• Expert Guidance – Compare LAP offers from different lenders.
• Compare Interest Rates – Rates are set by each lender.
• Guided Processing – We help with your application. Approval and timelines are decided by the lender.
• Loan Amount – Depends on the lender’s valuation of the property.
• Customised Repayment Plans – Flexible EMI options for easy repayment.
Rovian is a facilitator and does not lend money. Loan approval, interest rate, fees and timelines are decided only by the lender, after its own credit assessment. This is not an offer of credit. Please read the lender’s terms before you apply.
Features & Benefits of LAP
• High Loan Amount – Get up to 60–70% of your property’s market value, depending on the lender.
• Lower Interest Rates – More affordable than personal or business loans.
• Flexible Repayment – Loan tenure of up to 15–20 years.
• Multi-Purpose Usage – Funds can be used for business, personal, or educational needs.
• Both Residential & Commercial Properties Accepted.
• Balance Transfer Facility – Reduce your EMI burden by transferring an existing LAP.
Why Do You Need a Loan Against Property?
• Business Growth: Expand operations, purchase equipment, or increase working capital.
• Debt Consolidation: Pay off multiple loans with a single lower-interest loan.
• Education & Medical Needs: Fund higher education or cover medical emergencies.
• Home Renovation: Finance home improvements without depleting savings.
• Emergency Funds: Secure quick access to substantial funds at lower rates.
Eligibility Criteria
• Age: 21 to 60 years.
• Property Ownership: Must be in the applicant’s name with clear legal title.
• Employment Type: Salaried or self-employed individuals, businesses, and professionals.
• CIBIL Score: 650+ preferred for lower interest rates.
• Income Stability: Sufficient and stable income to ensure timely repayments.
Documents Required
• KYC Documents: Aadhaar Card, PAN Card.
• Income Proof: Salary slips, ITR returns, business financials (for self-employed).
• Property Documents: Ownership proof, title deed, encumbrance certificate.
• Bank Statements: Last 6 months’ statements.
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