Loan Against Property (LAP)

Fincity Loan Against Property (LAP), is a mortgage loan that helps you with financial needs to invest in your business ventures while allowing you to direct all your attention to your business. With Loan Against Property, you can leverage the value of a residential or commercial property, and we will ensure that your enterprise does not feel the burden of working capital, warranting a stable business for you.

Eligibility For LAP

This is the Eligibility
needed for a person to
avail Loan Against Property

Private or Closely held Companies

Small and Mid-sized Businesses

Self-Employed Professionals

Partnership Firms

Key Features

Benefits Of LAP

Interest Rates

Loan Against Property / Commercial Property Purchase Variable Rate

Loan Amount Variable Rates %
Upto and including Rs. 5 crores 10.50% to 13.00%
More than Rs. 5 crores 11.50% to 13.50%

Loan Against Property / Commercial Property Purchase Fixed Rate Tenure

Loan Amount Fixed Rate Tenure Rates %
Upto and including Rs. 5 crores Upto 2 Years 11.00% to 13.25%
More than Rs.5 crores and upto 10 crores 11.75% to 13.50%

How to Apply

Apply

Check Eligibility

Submit Application

Loan Approved

Documents Required
For LAP

KYC Documents

Purpose Documents
Proof of both identity and residence (any 1)
  • Valid Passport
  • Voter ID Card
  • Aadhaar Card
  • Valid Driving Licence
  • PAN Card
  • Utility Bill: Electricity, Telephone, Postpaid mobile, water bill etc.
  • Ration card
  • Letter from employer
  • Bank statement /copy of Pass book reflecting address
  • Valid Rent Agreement
  • Sale Deed

Income Documents

Purpose Documents
Salaried Individuals
  • Salary slips for the last 2 months or salary certificate*
  • Cash Salary – Income details on Company Letterhead (Salary upto Rs.30, 000 p.m.)
  • Copy of bank statements for the past 3 months (salary account)
Self Employed Professional
  • Certificate of qualification for professionals : CA, Doctors or Architects
  • Copy of last two years’ income tax returns, along with computation of income
  • Copy of last two years’ P/L account with all schedules and audited balance sheet, wherever applicable.
  • VAT or Service Tax returns or TDS Certificate
  • Bank statement for the last 6 months (Savings account, current account and O/D account)
Self-Employed Non Professional
  • Copy of your last two years’ income tax returns, along with computation of income
  • Copy of last two years’ P/L account with all schedules and audited balance sheet, wherever applicable
  • VAT or Service Tax returns or TDS Certificate
  • Bank statement for the last 6 months (Savings account, current account or an O/D account)

*If variable components like over time and incentives are reflected, then salary slips for the past 6 months are required.

Property Documents

Purpose Documents
Salaried Individuals
  • Allotment letter from builder
  • Agreement of Sale
  • Registration and stamp duty receipt
  • Index- ii
  • NOC from builder
  • Own Contribution Receipt (OCR )
  • All builder linked documents (Applicable for cases which are not approved or previously not funded by DHFL)
  • Development Agreement
  • Tripartite Agreement
  • Partnership Deed
  • Sale Deed
  • Title Search Report
  • NA order

Note: Original documents are required for verification purpose only

LAP FAQ

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