Interest Rates Starting 8.9%
Unlock Your Property's Potential with INDCred LAP
INDCred Loan Against Property (LAP) allows you to leverage your residential or commercial property to get substantial funds for various needs while retaining ownership. Whether you need funds for business expansion, medical emergencies, education, wedding, or debt consolidation, our LAP offers the perfect solution with low interest rates and flexible repayment options.
With loan amounts up to ₹10 crores (75% of property value), competitive interest rates starting at 8.9%, and tenures up to 15 years, we provide one of the most comprehensive secured loan products. Our quick processing, minimal documentation, and end-to-end support make getting a LAP hassle-free.
Types of Properties Accepted
Residential Properties
Self-occupied or rented residential properties
- Independent Houses
- Apartments/Flats
- Builder Floors
- Villas
- Plotted Properties
Commercial Properties
Income-generating commercial properties
- Office Spaces
- Retail Shops
- Warehouses
- Showrooms
- Industrial Sheds
Key Features & Benefits
Why Choose INDCred Loan Against Property?
- High Loan Amount: Up to ₹10 crores or 75% of property value
- Low Interest Rates: Starting at 8.9% for salaried individuals
- Long Tenure: Repayment period up to 15 years
- Multiple Properties: Loan against multiple properties allowed
- End Use Flexibility: Use funds for any legitimate purpose
- Balance Transfer: Transfer existing LAP at lower rates
- Top-up Facility: Additional funds on existing mortgage
- Quick Processing: Loan disbursal within 7-10 working days
Common Purposes for LAP
Business Expansion
Fund working capital, new ventures, or business diversification
Education
Fund higher education in India or abroad for children
Medical Treatment
Cover medical emergencies and healthcare expenses
Wedding
Finance marriage ceremonies and related expenses
Home Renovation
Fund home improvement, repair, or renovation projects
Debt Consolidation
Consolidate high-interest debts into one low-interest loan
Vehicle Purchase
Finance car or commercial vehicle purchase
Travel
Fund domestic or international travel plans
Eligibility Criteria
Salaried Individuals
- Age: 25-65 years
- Minimum Net Income: ₹40,000/month
- Work Experience: 3+ years
- CIBIL Score: 700+
Self-Employed
- Age: 25-70 years
- Business Vintage: 3+ years
- Annual Income: ₹6 lakhs+
- ITR Filed: Last 3 years
Property Requirements
- Location: Within city limits
- Age: Up to 30 years old
- Clear Title: Marketable title
- Approvals: All necessary approvals
Loan Amount Based on Property Type
| Property Type | Loan-to-Value Ratio | Maximum Loan | Processing Fee |
|---|---|---|---|
| Residential (Self-occupied) | Up to 70% | ₹10 Crores | 1% - 1.5% |
| Residential (Rented) | Up to 65% | ₹8 Crores | 1% - 1.5% |
| Commercial | Up to 65% | ₹10 Crores | 1.5% - 2% |
| Industrial | Up to 60% | ₹7 Crores | 1.5% - 2% |
| Under Construction | Up to 50% | ₹5 Crores | 2% - 2.5% |
Simple Application Process
step 01
Property Valuation & Application
Submit basic details and property documents for free valuation and in-principle approval.
step 02
Legal & Technical Verification
Our experts verify property title, legal documents, and conduct technical inspection.
step 03
Sanction & Disbursal
Complete documentation and get funds disbursed within 7-10 working days.
Frequently Asked Questions
LTV ratio is the percentage of property value that can be sanctioned as loan. For residential properties, we offer up to 70% LTV, while for commercial properties it's up to 65%. Higher LTV is available for properties in prime locations with clear titles.
We provide in-principle approval within 48 hours. Complete processing including property valuation, legal verification, and documentation takes 7-10 working days. Funds are disbursed immediately after all formalities are completed.
Property documents (title deed, possession certificate, approved plans), KYC documents, income proof (salary slips/ITR), bank statements, property tax receipts, and NOC from society if applicable. We provide a comprehensive checklist during application.
Yes, you can get a loan against multiple properties. The total loan amount will be calculated based on the cumulative value of all properties. Each property will undergo individual valuation and legal verification.
Home Loan is for purchasing a new property, while LAP is for getting funds against an existing property. LAP offers higher loan amounts, longer tenures, and can be used for any purpose, whereas home loans are specifically for property purchase.
No prepayment penalty after 12 months. You can foreclose your LAP after 1 year without any additional charges. Partial prepayments are also allowed to reduce your EMI burden.
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