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What is a Loan Against Property

A Loan Against Property or LAP helps you to purchase or maintain a home, land, or other types of real estate. Being secured in nature, LAP demands collateral against the loaned amount.

LAP offerings against your commercial or residential property put you in a position to use the value locked up in your property to meet any expenses of any nature.

You may select a high-value loan depending on the value of your property collateral for your borrow


Characteristics of LAP

Low-Interest Rates
Low EMIs
Faster Approvals
Minimal or Low Prepayment Charges
Funds for Multiple Uses
No End-Usage Restrictions
Residential and Commercial accepted as Collateral
Own your Mortgaged Property

Why Choose Real Avenue Capitals for your Loan Against Property

Here are a host of reasons you must choose Real Avenue Capitals for online or offline Loan Against Property.

  • Easy Availability

    Real Avenue Capitals along with significant 100+ partner Banks across India spread over 1000+ locations extend Loan Against Property to all eligible individuals across India.

  • High-Speed Process

    At Real Avenue Capital, Aadhaar based e-KYC speeds up the documentation process by eliminating physical paperwork. You can obtain a LAP as soon as the inspection is done and approved.

  • Real Avenue Capital Digital Resources Advantage

    You can think about loan costs, offers, and online services on our digital platform. Our online resources will direct you to settle on the right decision, and pick the right bank for your advance according to your financial plan and assumptions.

  • Professional Guidance and Advice

    Experts at Real Avenue Capitals know the ins and outs of the business. Our committed group of individual specialists will guide you to pick the right lender.

  • Profit from Best Offers

    We esteem our clients and are consistently on our toes to give them advantages of our abilities. Applying for Loan Against Property through us gives you an opportunity to benefit from the best offers and agreements our Partner Banks and NBFCs have on offer.

Eligibility Criteria for Loan Against Property

How is Eligibility for LAP Calculated

Certain generic and common factors that decide eligibility for a LAP are listed below.

  • Nationality

    You need to be a Citizen of India with documents to prove your claim.

  • Occupation and Income

    Your lender will require you to furnish details regarding your occupation and income to prove your professional and financial stability to determine your creditworthiness.

  • Credit History

    Your three-digit Credit Score, indicative of your track record in respect of repayment of loans, and other forms of credit will be a deciding factor to prove your eligibility for a LAP.

  • Banking Relationship

    Should you have a healthy relationship with your lender, you will not be disapproved for a LAP. Additionally, your lender will offer you better terms and conditions in respect of loan value, interest rates, period of the loan, hidden charges, and processing fees.

  • Market Value of Property

    Your lender retains the right to decide the loan amount and terms and conditions of your mortgage loan based on the market value of your collateral property. Besides, the market value of the mortgaged property must be higher than the loan amount calculated on the current value of your property.

  • Title of Property

    Your lender will require you to be the current existent owner of the property, and in case of a co-application, you will require to prove multiple ownership clear title. Besides, the property must not be mortgaged with any other financial institution.


Fees and Charges for Loan Against Property

You can select a Loan Against Property Plan from a range of options at attractive interest rates offered by our well-known Partner Banks and NBFCs. Smart fees and charges structures that assist you to lower your EMIs considerably.

Apart from factors such as loan tenure, credit score, type of property, and your profile, factors such as types of interest, benchmark lending rates, and LTV Ratio affect your LAP rates of interest.

ank NameInterest RateProcessing Fee
Kotak Bank7%0.50%
HDFC Home Loan7%0.50%
Axis Bank7.25%0.50%
Standard Chartered Bank8.5%0.60%
ICICI Bank Home Loan8.35%0.75%
PNB Housing Finance8.9%1%
Tata Housing Finance9.5%1%
IDFC First Bank7.5%1%
Yes Bank8.95%1%
Bajaj Home Finance10.5%6%
Federal Bank7.5%Rs.11800
DBS Bank7.3%Rs.11800
Fullerton Grahshakti13%1.50%
DCB Bank9.55%1%
Priamal Housing Finance11.5%1%
Adhar Housing Finance12%2%
Vastu Housing Finance14%2%
Aditya Birla Housing13%2%
DMI Housing12.5%1.50%
Hero Housing8.5%0.50%
L & T Housing12.5%2%
Aavas Financiers11%1.50%
Shubham Housing13%2.50%
HSBC Bank7.5%Rs.10000
ICICI HFC11%1.00%
Chola Mandalam10%1.50%
RBL Bank7.5%1%
Godrej Housing8%1%
Indusind Bank9.5%1%
Bank of Baroda Home Loan6.9%1%
IDBI Bank8.1%1.00%
South Indian Bank10.2%0.50%


Loan Against Property Interest Rates for Salaried Individuals

A salaried applicant of any public or private firm or MNC can avail a LAP at a nominal LAP rate of interest provided they fulfil eligibility conditions laid down by the lender. The rates of interest differ from lender to lender depending on the capacity of the individual to pay back the loan.


Loan Against Property Interest Rates for Self Employed

A Self Employed individual who owns a business is offered higher-value loans at good rates of interest provided they fulfil the eligibility conditions. Should you be a self-employed person with a healthy income, within the age bracket of repaying the loan in time, and you have a good credit history, you will be offered better rates of interest, nominal processing fees and charges.

Documents Required for a Loan Against Property

Whether you are a salaried person or self-employed, we have a customised solution for you. Ruloans streamlined loan-process requiring minimal documentation guarantees a hassle-free memorable experience.

You will be required to furnish the following documents to initiate the loan process and avail a LAP at the earliest.

List of Documents Required for LAP

Photo Identity Proof

  • Voter ID
  • Passport
  • Aadhaar Card
  • Driving License

Age Proof

  • Voter ID
  • Passport
  • Driving License
  • Aadhaar Card
  • Birth Certificate
  • Secondary School Leaving Certificate
  • Pension Payment Order or Receipt
  • LIC Policy

Address Proof

  • Rent Agreement
  • Ration card
  • Passport
  • Driving License
  • Electricity Bill
  • Property Tax Receipt
  • Water Bill
  • Telephone Bill
  • Credit Card Bill

Income Proof

  • 3 Months Salary Statement
  • 6 Months Bank Statements

Income Tax

  • Form 16

Employment Proof

  • Employers Letter
  • Identification Card

Mortgage Property Documents

  • Sale Deed
  • Allotment Possession Letter
  • Society NOC
  • Occupancy Certificate
  • Form 7/12
  • Form 8A
  • Sale Deed
  • Stamped Agreement of Sale
  • Allotment Letter
  • No Objection Certificate or NOC
    • Housing Society
    • Builder
  • Possession Certificate
  • Land Tax Receipt

Existing Loan Documents if any

Additional Documents

Loan Against Property for Self-Employed, Non-Salaried and SMEs

Self-Employed, Non-Salaried and SMEs seeking funds as Loan Against Property will have to furnish additional documents listed below to commence the loans process.

  • Proof of Business
    • PAN
    • GST Registration Certificate
    • Trade License Partnership Deed
    • Article of Association
    • Memorandum of Association
    • Import Export Code
    • Registration Certificate
    • Professional Practice License for Doctors, Consultants, etc
    • Registration Certificate of Establishment for Shops, Factories, and Other Establishments
    • Business Address Proof

Loan Against Property Balance Transfer

A Loan Against Property Balance Transfer allows you to transfer your outstanding principal on your existing loan against property to another Bank or NBFC at lower interest rates. A well-planned loan balance transfer helps you reduce your EMIs, save on interest outgoings, and reduce your debt burden.

Features and Benefits

Loan against Property Balance Transfer Features

High-Value Top-Up Loans

You can avail a high-value top-up loan in Loan against Property Balance Transfer.

Part-Prepayment and Foreclosure Facility

Part-Prepayment and Foreclosure of loans to help you prepay your loan balance transfer loan, and save on interest payments.

Affordable Interest Rates

LAP Balance Transfer offers great affordability by way of competitive mortgage interest rates, and nominal fees and charges.


Flexi-Loans are the new way of borrowing funds in India to access pre-approved loans based on your credit rating. This allows you to borrow funds at will and prepay when you have additional funds in hand.




Loan Against Property Balance Transfer Eligibility

The following are the common criteria that decide the eligibility for your loan application and approval at most Banks, and NBFCs.

  • Age


    •  Salaried Person – 21 years to 58 years
    •  Self-Employed Person – 25 years to 65 years


  • Income


    •  Salaried Person – Minimum Rs. 10,000 per month
    •  Self-Employed Person – Minimum Rs. 2,00,000 per year


  • Employment


    •  Salaried Person – Minimum 2 to 3 years of Experience in MNC, or a Private or Public Limited Company
    •  Self-Employed Person – Minimum 3 years of Experience in the current field


  • Credit Score

    Typically, a credit score of 750 may be considered a good score for approval.

List of Documents Required for Loan Against Property Balance Transfer

Identity Proof

  • Aadhaar Card
  • PAN
  • Voter ID
  • Passport
  • Driving License

Age Proof

  • Any of the above Identity Proof with Permanent Address
  • Birth Certificate
  • Bank Passbook

Residence or Address Proof

  • Any of the above Identity Proof with Permanent Address
  • Electricity Bill
  • Telephone Bill
  • Post-Paid Mobile Phone Bill
  • Water Tax Receipt
  • Property Tax Receipt
  • LIC Policy Receipt
  • Recognized Public Authority Verification Letter

Property Documents Required

  • Sale Deed
  • Stamped Agreement of Sale
  • Allotment Letter
  • No Objection Certificate or NOC
  • Housing Society
  • Builder
  • Possession Certificate
  • Land Tax Receipt
  • Construction Cost Estimate
  • Bank Account Statement of Payment Made to Seller or Builder
  • Payment Receipt of Payment Made to Seller or Builder
  • Occupancy Certificate

Additional Documents

Documents Required for Salaried and Self-Employed Individuals

  • Form 16
  • Employee Identity Card
  • Employer’s Certified Letter
  • Increment or Promotion letter
  • 3 Months Salary Slip
  • 3 Month Bank Account Statement
  • Duration of Employment Evidence
    • Appointment Letter
    • Confirmation Letter
    • Promotion Letter
    • Increment Letter
  •       3 Year IT Returns


Top up on Loan Against Property

Top up loans are ideal choice in times of shortage of funds for personal or business purposes. A top up loan on loan against property has the same ability, and you can opt for such an option when you have an existing loan against property. Rather than going for multiple loan applications for different funding purposes, lenders offer you a option that helps you fund your immediate, and emergency needs in the form of a loan against property top up.

As an option for multiple debt requests, a loan against property top up lender offers you benefits such as low interest rates, long loan tenures, quick processing, and easy approval, and speedy disbursal of top-up. This kind of option serves as an ideal choice, when you already have an existing loan against property with a lender. Ruloans offers you multiple choices of top up loan against loan against property in collaboration will reputed partner banks and NBFCs. Chat, email, or call 1800 2667576 to apply for a Loan Against Property Top Up.


Documents Required for Loan Against Property Top Up

When availing a loan against property top up offered by Ruloans in association with well-known lending institutions, documentation will be called for to prove your eligibility. However, the requirements will depend on your lender. Have a look at the list of common documents required for a loan against property top up.

List of Documents Required for Loan Against Property Top up

Identity Proof

  • Aadhaar Card
  • PAN
  • Voter ID
  • Passport
  • Driving License

Residence or Address Proof

  • Rent Agreement
  • Utility Bills
  • Passport, etc.

Business Proof

  • Registration Certificate
  • GST Details, etc.

Income Proof

  • Bank Statements, etc.

Duly filled Application

Passport Size Photographs