Loan Against Property
At LendMart, we help you unlock the hidden value of your property through our Loan Against Property (LAP) service.
This loan allows you to borrow funds by pledging your residential, commercial, or industrial property as security.
Whether you need money for business expansion, education, medical emergencies, home renovation, or any personal financial requirement,
a LAP is one of the most affordable and reliable options.
Our Loan Against Property service comes with competitive interest rates, higher loan amounts, and flexible repayment periods.
We work with leading banks and NBFCs across India to bring you the best loan offers based on your financial profile and property value.
LAP can be availed by salaried individuals, self-employed professionals, and business owners. Whether your property is located in Chennai
or anywhere in Tamil Nadu, we help you get the maximum loan eligibility with fast processing and minimal documentation.
You can use the loan amount for various purposes, including:
• Expanding your business operations
• Managing working capital or cash flow
• Funding your child’s higher education
• Renovating or upgrading your home
• Clearing existing loans or debts
• Handling medical or personal financial needs
At LendMart, we ensure a hassle-free experience with transparent terms, doorstep document collection, and expert guidance throughout the process.
Our team helps you compare multiple offers to choose the best loan option with the lowest interest rate and longest tenure.
Your property is your biggest asset—let it work for you. With LendMart’s Loan Against Property service, you can access the funds you need quickly and confidently.
We are committed to supporting your financial goals by offering secure, affordable, and convenient loan solutions.
Loan Against Property Details
Loan against Property (LAP) can be availed against the mortgage of a self-owned property for any personal or business purposes. The property acts as collateral to support the financing provided by the lender. The margin for a Loan Against Property usually ranges from 50-90% of the value of the property (also known as LTV or Loan-to-Value).
Benefits of LAP
- High loan-to-value ratio
- Lower interest than unsecured loans
- Flexible repayment terms
- Transparent valuation & fast sanction
Features & Benefits
- Secured loan backed by property collateral
- Loan amounts from Rs. 3 Lakhs to Rs. 100 Crores
- Repayment tenure up to 20 years
- Lower interest rates than personal loans
- Lower EMIs due to longer tenure and lower interest
- Flexible loan products including term loans, overdraft, reverse mortgages, rent receivables, etc.
- Tax benefits for home renovation loans
Eligibility Criteria
- Age: 21 to 65 years
- Profession: Salaried or self-employed with regular income
- Co-applicants allowed
- Property must be unencumbered (residential, commercial, or industrial)
- Agricultural land not accepted
- Some banks require self-occupied or vacant property
- Margin: 10% – 50% of market value
- Credit score: 600+ preferred
Types of Loan Against Property
- Business Expansion Loans: Machinery, plant, working capital, technology upgrades (LTV: Residential 65-70%, Commercial 55-65%, Industrial 40-55%)
- Working Capital Overdraft Facility: Short-term OD limit against property for daily business needs
- Personal Expenses: Medical, education, travel, marriage, or consumer purchases
- Home Renovation: Loan against property when other schemes are unavailable
- Lease Rental Discounting: Loan against future rent receivables; LTV 75-90%
Documents Required for Mortgage Loan
| Document Type | Documents Required |
|---|---|
| Identity Proof | PAN Card, Aadhaar Card, Voter ID, Passport, Driving Licence |
| Address Proof | Registered Rent Agreement, Aadhaar Card, Driving Licence, Lease Agreement, Passport, Latest Gas/Electricity Bill |
| Income / Financial Documents |
Salaried: Salary slips last 6 months, IT Returns last 3 years with Form 16, Bank statement last 1 year Self-Employed: IT Returns last 2-3 years, Profit & Loss and Balance Sheet last 2 years, Bank statements, GST/Sales Tax certificates, Partnership Deed or Certificate of Incorporation |
| Property Documents | Copies of all property ownership documents (30 years), Encumbrance Certificate (30 years), Property Tax receipt |
| Other Documents | Loan application form, Processing fee cheque, Passport-size photographs, Signature proof |
