Loan Against Property


Loan Against Property can be availed with maximum finance against the market value of your property at the best loan interest rates. You can continue to occupy your property while we fund your business, leading to its healthy growth. We guarantee doorstep service for loans for your desired end use.


In order to establish if you meet our loan against property eligibility, we have stipulated simple parameters. You can get a loan against property for business in order to expand capacity or for meeting capital needs of your enterprise. Here are some basic eligibility criteria.

  • Salaried and Self Employed Professionals
  • Sole Proprietors, Partnership Firms, LLP and Private Limited Co.
  • Minimum age requirement is 23 years at the time of taking the loan and maximum 70 years or retirement at the time of maturity
  • Good credit rating score in credit bureau
  • Minimum 2 years in business in an industry with a positive net worth (for Self-employed) or 5 years’ work experience (for salaried individuals)
  • Micro, Small and Medium Enterprises
  • Clean record in terms of past loans and statutory payments.

Loan Against Property Documents

The documents required to apply  loan against property are easy to obtain. It’s best to gather all loan against property documents before you submit your loan request. Indicated below is the list of documents required to avail a loan against property.

Photo Identity Proof

( Self-attested copy of any one document* )

  • Passport
  • Pan Card
  • Voter ID Card
  • Driving License

Address Proof

( Self-attested copy of any one document* )

  • Passport
  • Bank Account Statement
  • Aadhaar Card
  • Driving License
  • Electricity Bill
  • Telephone Bill

Property Document

( Self-attested copy of any one document* )

  • Copy of original sale deed
  • Allotment-possession letter
  • NOC from society

Income proof

( Self-attested copy of any one document* )

  • Latest ITR
  • Latest form 16
  • Latest salary slip/certificate
  • Bank details with last six months salary credited
  • Latest Audited financials
  • Business Proof -Qualification Certificate/Certificate of Practice(COP)

  • Shop Act License/MOA & AOA/Sales TaxNat registration I Partnership Deed


Frequently asked questions

1. When can you apply for a Loan Against Property?
LAP (Loan against property) can be applied for if you are in need of funds for your business or personal use and possess property
2. Why should one take a Loan Against Property?
A consistent upswing in the property prices makes it the ideal asset to capitalize for business expansion or personal needs. Since OD/CC loans claim monthly EMI, the liability carries on for an indefinite period; where as in LAP one pays regular EMI and reduces the burden in an organized manner.
3. What are the loan tenure options?
LAP up to a maximum of 15 years, provided the term does not extend beyond 65 years of age or the retirement age, whichever is earlier.
4. How is the interest charged/calculated?
Interest is calculated on a monthly basis.
5. Who can be the co-applicants for the loan?
– Your spouse
– Any blood relative (immediate family members)
– Also co-owner of the property has to necessarily be a co-applicant for the loan.
6. What is the security/ collateral one needs to provide?
Any immovable property owned by the applicant. The applicant’s title to the property should be clear, marketable and free from any encumbrance. The security created on property shall be first and exclusive. Such security will be created by deposit of original title documents of the said property.
7. What is the advantage of LAP over PL/Unsecured Loans?
LAP is usually a property backed loan with a high quantum of loan, whereas unsecured/PL is mostly an unsecured loan with low quantum. Tenure offered in LAP vis a vis unsecured/PL is higher which reduces the EMI burden and repayment can be made in a longer term. Furthermore, the interest rate is generally lower in LAP loans than in PL loans.
8. What are the stages involved while taking a loan?
– Application submission – Submit a completely filled in application with all the necessary documents.
– Sanction – You get an approval for a specific loan amount based on your requirement, repayment capability and the value of the property.
– Disbursement is done on the basis of nature of transaction. For Balance transfer cases it will be favoring existing financer, for self-consumption cases it will be favoring the borrower.
9. What is a Monthly Reducing Balance?
An Equated Monthly Installment (EMI) has 2 components: interest and principal. When the interest is calculated on monthly rests, the principal on which the interest is charged goes down every month. This results in significant savings for the customer over the tenure of the loan. IBHFL works on the Monthly Rests basis.
10. What is an amortization schedule?
An amortization schedule is a table giving the reduction of your loan amount by monthly installments. The amortization schedule gives the break-up of every EMI towards repayment interest and outstanding principal of your loan.

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#103, Plot No 28, Mohammed’s Castle, Madhura Nagar, Beside Allahabad Bank, Yousufguda Road, Hyderabad-500 0038.


+91 9347325897


+91 9347325897

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