Loan Against Property Features

Flexible Loan Eligibility

Loans value from Rs.10 Lakh to Rs.5 Crore

Loans against commercial, residential or industrial property

Loan for your business as well as personal needs

Features and Benefits of our Loan Against Property

  • Secured Loan : The loan is secured against the value of your property. The property acts as collateral, reducing the risk for the lender. This generally leads to lower interest rates compared to unsecured loans.
  • Loan Amount:  The loan amount is determined based on the value of the property you pledge. Generally, you can get a higher loan amount compared to personal loans or other unsecured loans.
  • Flexible Tenure : The tenure (repayment period) for a Loan Against Property is usually longer compared to other types of loans, often ranging from 5 to 20 years. This allows for lower monthly installments.
  • Multipurpose : The loan amount can be used for a wide range of purposes, giving you the flexibility to address various financial needs without any restrictions.
  • Improves Credit Scores : Successfully repaying a Loan Against Property can positively impact your credit score, as it demonstrates responsible borrowing behavior.

Loan Against Property Eligibility and Documents

Read on to know the criteria required to apply for our Loan Against Property.

Eligibility Criteria for Loan against Property

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.

Documentation for Loan Against Property Loan

  1. Proof of identity/residence
  2. Proof of income
  3. Property-related documents
  4. Proof of Business (for self-employed)
  5. Account statement for the last 6 months

Loan Against Property EMI Calculator

A Loan Against Property may be termed as a Mortgage Loan since to avail an LAP, you need to mortgage your property to cover risk of non-payment or default in repayment of the funds borrowed. For any lender to approve such a borrowing, the lender will first analyse your personal and financial profile, which will include criteria such nationality, age, occupation, income, and market value of the collateral you are willing to keep. A mortgage loan calculator then calculates the financial implications of such a loan based on certain parameters based on eligibility criteria to enable approval of your Mortgage Loan.

How is  Loan Against Property EMI Calculated?

Loan Against Property EMI (Equated Monthly Installment) is calculated using the following Compound Interest formula:

EMI = [P * r * (1 + r)^n] / [(1 + r)^n - 1]


EMI = Equated Monthly Installment

P = Loan Against Property principal amount

r = Monthly interest rate (Annual interest rate divided by 12, expressed as a decimal)

n = Loan Against Property tenure in months

Fees and Charges for Loan Against Property Loan

The fees and charges of car loans usually vary from lender to lender and from case to case. The aforementioned table will give you a fair idea of the fees and charges related to car loans:

Loan Processing Fees
0.5% to 4% of loan amount
Loan Cancellation
Usually around Rs 3,000
Stamp Duty Charges
As per actuals
Legal Fees
As per actuals
Penal Charges
Usually @ 2% per month; 24% p.a.
EMI/Cheque Bounce
Around Rs 400 per bounce

Loan Against Property Reviews


RULOANS helped me find the appropriate lender offering me the best interest rates and terms & conditions for purchasing a warehouse to setup my manufacturing unit. Within a span of 20 days my loan against property got approved and disbursed.



Not having the proper knowledge of how to use and repay the loans I got under a debt of 37 lacs from 4 various banks and the rate of interest of all the loans being high it was getting very difficult for me to repay all the loans together and keeping a track of all the EMI’s. I then read a blog of debt consolidation posted by RULOANS in which I got knowledge about it. I immediately contacted their toll free number and asked them about the procedure; RULOANS personnel were so helpful about providing me the right path and knowledge about it and helped me to shift all my loans at one place offering them my home as the collateral.



I really liked the loan against property by Ruloans. The moment I applied for it I got a call from their representative for further process. My documents were collected from home and the process was completed on time. A big thanks to Ruloans.



My loan against property was taken through Ruloans. It was a smooth process and they regularly updated me with the developments. Even they sanctioned my loan in a proper time frame. Surely recommended.



A Loan Against Property is a secured loan where you use your property as collateral to borrow money for various purposes, like business expansion, education, medical expenses, and more.

LAP funds can be used for diverse needs, including New Business expansion and growth, working capital, machinery purchase, medical emergencies, debt consolidation, and home renovations.

The loan amount depends on the property's value, usually ranging from 50% to 70% of its market value, determined by factors like property type and location.

LAP typically offers longer repayment periods, spanning from 5 to 20 years, depending on the lender's terms and your repayment capability.

LAP interest rates are relatively lower than unsecured loans, and they can be fixed or floating, depending on market conditions, lender policies, and your creditworthiness.

Apply at banks, NBFCs, or financial institutions offering LAP. Provide property and income-related documents for verification. After approval, the property's value is assessed to determine the loan amount.

You can use the property while making regular payments. However, selling or transferring ownership is restricted until the loan is settled.

LAP OD is an overdraft facility against your property's value. It allows flexible fund withdrawal and repayment, similar to a credit card.

LAP OD offers flexibility, interest savings on utilized amounts, revolving credit, emergency funds, cash flow management, and business support.

Yes you can do Balance transfer in LAP if you get a lower rate of Interest or better terms of Loan.

Yes you can take Top-up from existing Bank as well as you can do a Balance Transfer in another Bank and take a Top up.

A borrower can overdraw funds from their current account up to a certain limit, but at the same time the actual withdrawal limit of the overdraft reduces every month from the sanctioned limit.

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