Loan Against Property @ 12%*

Monetary problems pertaining to business expansion, child’s higher studies, wedding or medical emergency can strike anytime, but it can be settled conveniently if you own a property.

A Loan Against Propert (LAP) is a secured obtained by any individual or entity who owns a property in his/her name. Applying for an LAP with NextFin involves a simple application process for salaried employees, business professionals, and self-employed individuals, who own a residential or commercial property in their name.

Enjoy comfortable EMIs with a long tenure of upto 10 years and interest rates starting 12%. Apply now.

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High Loan Amount

We offer loan amounts (Max Rs 5 cr.) up to 70% of your property’s value.

Attractive LAP Interest Rates

Get the very best interest rates on loan against property in the market with us.

Flexible Loan Tenure

Avail a LAP with a tenure of up to 10 years, so you experience reduced EMIs.

Eligibility Criteria

The loan against property eligibility depends on whether you are a salaried individual, self-employed or an SME. Your repayment potential is assessed on factors such as your income, fixed obligations, credit history, etc. Thus, along with the loan application, you will have to submit the following documents required for a loan against property.

Loan Amount = Rs 10 lakh to Rs 5 Crores
Tenure = 15 years max
The asset put up as collateral must exceed the value of the loan.
The applicant must be at least 21 years of age and not should be more than 58 year age.
The applicant must be a complete owner of the property that has been kept as collateral.
Salaried, non-salaried, and self-employed individuals can apply but need to meet the specific criteria needed for each.

Documents Needed

Proof of Identity

Passport Copy
Voter ID card
Driving License
PAN Card

Proof of Address

Aadhaar Card
Ration card/ Telephone Bill/ Electricity Bill
Driving License/ Passport copy
Bank Passbook/ Statement

For Salaried Professionals

Bank statement for the last 6 months
Last 6 months salary slips
Form 16
IT Returns for last 3 years

Additional For Self-Employed

Income statements
Financials for the past 2 years attested by a CA

Additional For SMEs

Audited financials for the last 2 years

Why choose NextFin for LAP

Our unmatched loan against property products and experienced team ensure quick loan disbursals, hassle-free process and flexible tenures.

Loan upto Rs 5 Crores

Loan amounts up to 70% of your property’s market value.

Interest Rates starting 12%

Get the lowest interest rates on LAP and maximise your benefits.

Flexible Repayment Tenure

Flexible repayment tenure according to your needs.

Hassle free process

Transparent, hassle-free and convenient application process.

Personalised products

Our products suit your needs at different life stages.

Quick Disbursal

2 day loan disbursal with absolute ease.

FAQ’s

Read the LAP FAQs here.

Loan Against Property @ 12%*

Get in touch

High Loan Amount

Attractive LAP Interest Rates

Flexible Loan Tenure

Eligibility Criteria

Loan Amount = Rs 10 lakh to Rs 5 Crores

Tenure = 15 years max

The asset put up as collateral must exceed the value of the loan.

The applicant must be at least 21 years of age and not should be more than 58 year age.

The applicant must be a complete owner of the property that has been kept as collateral.

Salaried, non-salaried, and self-employed individuals can apply but need to meet the specific criteria needed for each.