Personal Loan Against Property ante enti?
Personal Loan Against Property ante—you own property ni bank / NBFC ki collateral ga pettadam dwara, higher amount loan teesukovadam.
Idi regular personal loan laga unsecured kaadu, anduke:
Interest rate thakkuva
Tenure long untundi
EMI manageable ga untundi
Home loan laaga property mida mortgage untundi kani money ni any personal purpose ki use cheyyochu.
Loan Against Property – Major Uses
Personal loan against property ni ee purposes kosam ekkuva ga use chestharu
Children education
Existing loans closure (balance transfer)
End use restriction almost undadu.
Benefits of Personal Loan Against Property
1. High Loan Amount
Property value meeda based ayi 50%–70% varaku loan ravachu.
2. Low Interest Rate
Unsecured personal loan kanna 2–4% thakkuva interest.
3. Long Tenure
10 – 15 years varaku repayment option.
4. Easy EMI
Long tenure valla EMI burden tagguthundi.
5. Salaried & Self-employed ki available
Job holders, business owners, professionals andaru eligible.
Eligibility Criteria (India)
Salaried Applicants:
Age: 23 – 60 years
Minimum income: ₹25,000/month (approx)
Company: Private / Govt / MNC
Property ownership proof mandatory
Self-Employed / Business Owners:
Age: 25 – 65 years
Business vintage: 2–3 years
ITR filing required
Residential / Commercial property undali
Eligibility lender to lender change avuthundi.
Personal Loan Against Property
Personal Documents:
Aadhaar Card
PAN Card
Passport / Voter ID
Income Documents:
Last 6 months salary slips
Bank statements
Last 2–3 years ITR
Profit & Loss statement
Property Documents:
Sale Deed
Property Tax receipts
Approved building plan
Encumbrance Certificate
personal loan against property interest rate
Interest Rates & Charges (Approx)
| Type | Interest Rate |
|---|---|
| Salaried | 9.5% – 12% |
| Self-employed | 10.5% – 14% |
Other charges:
Processing fee: 0.5% – 2%
Legal & valuation charges extra
Exact rate depends on credit score & property value.
Loan Process – Step by Step
Eligibility check
Document submission
Property valuation
Legal verification
Loan sanction
Agreement & disbursement
Normal ga 7–10 working days lo process complete.
Who Should Apply for LAP?
Business owners needing lump sum capital
Working professionals with owned property
People looking for low-interest long-term loan
Those tired of high personal loan EMI
Short-term small amount kosam ayithe normal personal loan better.