Loan Services

Overview

Loan Against Property (LAP) allows you to leverage your residential or commercial property to secure substantial funding at competitive interest rates. Whether you need funds for business expansion, debt consolidation, or personal requirements, this secured loan option provides flexibility with extended repayment tenure up to 20 years.

Loan Amount

₹15 Lakh – ₹10 Crore

Interest Rate

9% – 15% p.a.

Tenure

Up to 20 Years

LTV Ratio

Up to 75%

Key Features

💰

Property as Collateral

Use your residential or commercial property as security to get substantial loan amounts.

⏱️

Attractive Interest Rates

Enjoy lower interest rates starting from 9% per annum due to secured nature of the loan.

📅

High Loan Amount

Get loans up to ₹10 crores based on property value and repayment capacity.

Extended Tenure

Flexible repayment options with tenure extending up to 20 years for comfortable EMIs.

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Multi-Purpose Usage

Use funds for business expansion, education, medical emergencies, or debt consolidation.

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Continue Property Usage

Keep using your property while it serves as collateral for the loan.

Eligibility Criteria

Property Requirements

Property should be self-occupied, rented, or vacant
Clear and marketable title with proper documentation
Property age should not exceed 30 years
Located in approved locations/cities
Minimum carpet area of 300 sq ft

Applicant Requirements

Age between 25 to 70 years
Indian resident with valid identity proof
Stable income source for 2+ years
CIBIL score of 650 or above
Should be owner/co-owner of the property

Documents Required

👤 Personal Documents

PAN Card of applicant & co-applicant
Aadhaar Card with latest address
Passport size photographs (6 nos.)
Residence proof (Utility bills)
Age proof (Birth certificate/Passport)
Bank statements (12 months)
Signature verification

🏢 Property Documents

Sale deed/Conveyance deed
Title documents & chain of documents
Property tax receipts (3 years)
Approved building plan
Occupancy certificate
NOC from builder/society
Property insurance documents

📄 Income Documents

Salary slips (3 months) for salaried
Form 16/ITR (2-3 years)
Employment certificate
Business financials (self-employed)
GST returns & bank statements
LRental income proof (if any)
Other income proof

Property Types Accepted

Residential Property

House, Flat, Villa, Bungalow

Commercial Property

Office, Shop, Showroom

Industrial Property

Factory, Warehouse, Godown

Land/Plot

Residential/Commercial Plot

Other Fees & Charges

Processing Fee	1% to 3% of loan amount	Legal & Technical Fee	0.5% to 1% of loan amount
Prepayment Charges	2% to 4% of outstanding	Cheque Return Charges	₹500 per instance
Late Payment Fee	2% per month	Statement Charges	₹100 per statement
Documentation Fee	₹5,000 to ₹15,000	Loan Cancellation	1% of sanctioned amount

ℹ️ All fees and charges are subject to GST as applicable. Actual fees may vary based on loan amount, tenure, and risk assessment.

Application Requirements

Initial Application

Submit the loan application form with basic business and personal details.

Document Submission

Provide all required documents for verification and assessment.

Credit Assessment

Our team will evaluate your creditworthiness and business viability.

Property Valuation

Technical and legal verification of collateral property (if applicable).

Loan Approval & Disbursement

Upon approval, complete loan documentation and receive funds.

Ready to Apply for Medium-Term Loan?

Get quick approval with competitive interest rates. Our experts are ready to help you with your financing needs.

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Call: +91 98765 43210 | Email: loans@nbfcfinance.com