+91 9619612614
+91 9619612614
A Mortgage Loan, also known as a Loan Against Property (LAP), allows you to unlock the value of a property you already own.
By pledging your residential, commercial, or industrial property, you can access large funds at significantly lower interest rates compared to personal loans.
For late 2025, here is a detailed guide for Salaried and Self-Employed applicants.
Mortgage loan interest rates are generally 2%–4% lower than personal loans, but slightly higher than standard home loans.
Depends on the market value of your property and your income profile.
Typical tenure: 10 – 15 years & Some banks offer up to 20 years for strong salaried profiles
Mortgage loans involve both income and property verification, making documentation more detailed.
Complete chain of Title Deeds (past 13–30 years),Approved building plan & Occupancy / Completion Certificate (OC/CC),Latest Property Tax Receipt,Electricity Bill (ownership proof)
Last 3 months salary slips,Last 2 years Form 16,Last 6 months bank statements
Last 3 years ITR with computation,Audited Balance Sheet & P&L (3 years),GST Returns (last 12 months – critical in 2026),Business continuity proof (Shop Act / Udyam)
| Feature | Personal Loan | Loan Against Property |
|---|---|---|
| Interest Rate | High (9.97% – 16%+) | Lower (8.50% – 12%) |
| Loan Amount | Limited (₹75L – ₹1Cr max) | High (Up to ₹5Cr+, property-based) |
| Tenure | Short (Up to 7 years) | Long (Up to 15–20 years) |
| Processing Time | Fast (2–4 days) | Slower (15–30 days) |
| Collateral | Not required | Property pledged |
Foreclosure Charges:
Individual borrowers (Floating Rate): Zero foreclosure charges
Business borrowers: 2% – 4% penalty may apply
Valuation Gap:
Loan is based on bank’s assessed value, not your expected market price.
Co-Owners:
All property co-owners must be mandatory co-applicants, even if they have no income.
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