Loan Against Property
LOAN AGAINST PROPERTY (LAP)
A Loan Against Property (LAP) is a secured loan where you can unlock the value of your residential or commercial property by pledging it as collateral. It allows you to raise significant funds at lower interest rates while continuing to own and use your property. At Property Trivandrum, we help you choose the best LAP options from leading banks with smooth processing and complete end-to-end support.
Key features of Loan Against Property
- Loan amount: Up to 65% - 80% of the property’s market value
- Interest rates: Starting from approximately 8.55% - 9.5% per annum (varies by lender)
- Loan tenure: Flexible repayment up to 15 - 25 years
- Loan type: Secured loan against residential or commercial property
- Usage flexibility: Funds can be used for business expansion, education, medical needs, weddings or other personal requirements
Acceptable properties
- Self occupied residential houses or flats
- Rented residential properties
- Commercial properties such as shops and office spaces
- Industrial properties, warehouses, hospitals or hotels (subject to bank approval)
Eligibility overview
- Age: 21 to 65 years for salaried applicants, up to 70 years for self employed individuals
- Applicants: Salaried individuals, self employed professionals, business owners and partnerships
- Income: Stable and verifiable income source required
- Property ownership: Clear title and legally approved property documents
Documents required
- KYC documents such as Aadhaar, PAN card, passport or voter ID
- Income proof including salary slips, Form 16 or income tax returns
- Bank statements for the last 6 months
- Property documents including title deed, sale deed and approved building plan
Benefits of LAP
- Lower interest rates compared to unsecured loans
- High loan amount based on property value
- Long repayment tenure with manageable EMIs
- No restriction on end use of funds
- Continue to retain ownership of your property while accessing liquidity
Why choose Property Trivandrum?
At Property Trivandrum, we simplify the entire Loan Against Property process and ensure a hassle-free experience.
- Expert guidance on eligibility and documentation
- Assistance in comparing multiple bank offers
- Fast processing and application support
- End-to-end coordination with banks and NBFCs
- Help in securing the best interest rates and terms
A Loan Against Property is a powerful financial solution that helps you unlock the value of your property without selling it. Whether for business needs, education, or personal expenses, it offers flexibility, security and financial strength.
With Property Trivandrum, you receive trusted guidance and professional support at every step making your borrowing journey simple, transparent and reliable.