• Loan Against Property

Grow your business

Unlock the potential of your property with loan against property
Maximum finance

against property value

Loan upto

15 years

Attractive

interest rates

Get loan with

continued occupancy on property

Flexible

repayment options

Have Questions?
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 and possess property
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. 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.
What are the loan tenure options?
IBHFL offers 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
How is the interest charged/calculated?
Interest is calculated on a monthly basis.
Who can be the co-applicants for the loan?
- Any blood relative (immediate family members)
- Also co-owner of the property has to necessarily be a co-applicant for the loan.
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.
What is the advantage of LAP over PL/Unsecured Loans?
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.
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.
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.
How it works
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About Loan Against Property

 

Loan Against Property by Indiabulls Home Loans 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.

 

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