Loan Against Property
A Loan Against Property allows you to unlock the value of your property to fund personal or business needs without selling it.
Why Choose a Loan Against Property?
A Loan Against Property (LAP) is a secured loan that allows you to leverage the value of your residential, commercial, or industrial property to access funds for various financial needs. Whether you’re looking to expand your business, finance a child’s education, cover medical expenses, or consolidate debt, a Loan Against Property offers a flexible and cost-effective way to raise substantial amounts of money. At Biyaaj, we understand the importance of financial flexibility and offer customized LAP solutions to help you unlock the full potential of your property.
Our Loan Against Property (LAP) Features
Borrow up to 70-80% of your property’s market value, with loan amounts ranging from ₹10 lakhs to ₹10 crores, depending on the type and value of the property.
Enjoy competitive interest rates, significantly lower than unsecured loans, thanks to the security of your property.
Choose a repayment period that suits your financial situation, with tenures ranging from 5 to 15 years, making it easier to manage your EMIs.
Use the funds for any purpose—be it business expansion, personal expenses, or refinancing existing loans—without any restrictions.
With minimal documentation and a streamlined approval process, you can get your loan approved and disbursed in a matter of days.
We simplify the process by requiring only essential documents related to your identity, income, and property, ensuring a hassle-free experience.
If you own a residential property, such as an apartment, house, or villa, you can easily use it as collateral for a Loan Against Property. This option is ideal for homeowners looking to unlock the value of their primary or secondary residences.
Own a commercial space like an office, shop, or warehouse? You can use your commercial property to secure a Loan Against Property, providing you with the funds needed for business expansion or other significant investments.
Industrial properties, including factories and manufacturing units, can also be used as collateral for a Loan Against Property. This option is particularly beneficial for businesses looking to expand operations or upgrade facilities.
If you own a plot of land, whether residential, commercial, or industrial, you can use it as security for a Loan Against Property. This option offers you the flexibility to access substantial funds while retaining ownership of your land.
[Types of Properties Accepted]
Loan Against Property
To be eligible for a Loan Against Property with Biyaaj, you need to meet the following criteria:
- Age: The applicant should be between 21 and 65 years of age.
- Property Ownership: The property must be fully owned by the applicant and free of any legal disputes or encumbrances.
- Income Stability: The applicant should have a stable and sufficient income, whether salaried or self-employed, to ensure the ability to repay the loan.
- Credit Score: A good credit score is important for securing better interest rates and favorable loan terms.
[Eligibility Criteria]
Loan Against Property
Process
Documents Required
We aim to make the documentation process as simple and straightforward as possible. Here’s what you’ll need:
Identity Proof:
Aadhar Card, PAN Card, Passport, or Driving License.
Address Proof:
Utility bills, Rent Agreement, Passport, or Aadhar Card.
Income Proof:
Salary slips, bank statements, or IT returns for self-employed individuals.
Property Documents:
Title deed, sale agreement, property tax receipts, and other relevant documents proving ownership and valuation of the property.
Employment Proof:
Employment letter for salaried individuals or business proof for self-employed applicants.
How to Apply
Applying for a Loan Against Property with Biyaaj is a straightforward process:
Explore Your Options:
Visit our website to compare different Loan Against Property products and choose the one that best suits your needs.
Complete the Application:
Fill out our online application form with your personal and property details.
Submit Documents:
Upload the necessary documents through our secure portal for quick and easy verification.
Property Approval:
Our experts will conduct a professional valuation of your property to determine the loan amount.
Approval and Disbursement:
Once your application is approved, the loan amount will be disbursed directly to your account, typically within a few days.
Loan Against Property?
Why Choose Biyaaj?
- Maximum Loan Value - At Biyaaj, we work with a wide network of over 120 banks and NBFCs to ensure that you get the maximum possible loan value for your property. We understand that every borrower has unique financial needs, and our experts work to tailor the loan amount and terms to match your specific requirements.
- Competitive Interest Rates - By leveraging our extensive lender network, we can offer some of the most competitive interest rates in the market. This helps you reduce the overall cost of borrowing and makes your loan more affordable in the long run.
- Flexible Repayment Options - We understand that financial circumstances can change, which is why we offer flexible repayment options. You can choose a tenure that suits your financial situation, with options to make part-prepayments or foreclose the loan early with minimal charges.
- Quick and Easy Process - Time is of the essence when you need funds. Our streamlined application process ensures quick approvals and fast disbursement, so you can access the money when you need it most. Our team is committed to providing a smooth and hassle-free experience from application to disbursement.
- Transparent and Trust - Biyaaj believes in maintaining transparency throughout the loan process. We ensure that you are fully informed about all terms, conditions, and charges associated with your loan. There are no hidden fees or surprise costs—just clear and honest financial services.
- Expert Guidance - Our team of financial experts is here to guide you through every step of the process, from determining the best loan amount based on your property’s value to selecting the most suitable repayment plan. We are dedicated to helping you make informed decisions that align with your financial goals.