Loan Against Property in India – Eligibility, Interest Rates & Benefits

Unlock the value of your property with Wood Capital’s Affordable Loan Against Property in India. Whether you need funds for business expansion, education, or medical emergencies, our LAP offers high loan amounts at competitive interest rates. Enjoy flexible tenures, quick disbursal, and minimal paperwork. Both salaried and self-employed individuals can leverage their residential or commercial property for financial needs. With Wood Capital, turn your property into a powerful financial asset without selling it. Secure your future today with ease and confidence.

A Loan Against Property (LAP) is one of the most powerful secured loan options available for property owners in India. By pledging a residential or commercial property, borrowers can avail a high loan amount at a lower interest rate compared to unsecured loans.

At Wood Capital, Loan Against Property solutions are designed for homeowners who want affordable funding backed by property value, long tenure, and structured repayment.

What Is a Loan Against Property?

A Loan Against Property is a secured loan where you mortgage your owned property to avail funds. The lender evaluates the property’s market value and offers a loan as a percentage of that value.

Key Characteristics

Secured against property
Lower interest rate than personal loans
Higher loan eligibility
Long repayment tenure

Who Can Apply for a Loan Against Property?

Loan Against Property is suitable for:

Salaried individuals
Self-employed professionals
Property owners with clear title
Borrowers with stable income

The property can be:

Residential house
Flat
Approved commercial property

Loan Against Property Eligibility Criteria

Eligibility depends on:

✔️ Age

Usually between 25 to 65 years (at loan maturity)

✔️ Income Stability

Regular salaried income or stable business income

✔️ Credit Score

A CIBIL score of 700+ improves approval chances and interest rates

✔️ Property Value & Location

Approved, legally clear property
Better valuation in prime or developed locations

Loan Against Property Interest Rates in India

Interest rates for LAP are:

Lower than personal loans
Slightly higher than regular home loans

Rates depend on:

Credit score
Income profile
Property type & location
Loan amount & tenure

Wood Capital helps compare lenders to secure the most competitive LAP interest rate.

Loan Amount & Tenure

Loan Amount

Usually 40% to 65% of property’s market value

Tenure

Up to 15–20 years, depending on borrower profile

Longer tenure helps keep EMIs affordable.

Documents Required for Loan Against Property

Personal Documents

Aadhaar & PAN
Address proof
Photographs

Income Documents

Salary slips / ITR
Bank statements

Property Documents

Sale deed
Chain documents
Approved layout
Property tax receipts

Wood Capital assists in complete document verification and coordination.

Benefits of Loan Against Property

1️⃣ Lower Interest Rate

Compared to unsecured loans, LAP is much more affordable.

2️⃣ Higher Loan Amount

Property-backed funding offers substantial liquidity.

3️⃣ Long Repayment Tenure

Reduces EMI pressure.

4️⃣ Better Financial Planning

One structured loan instead of multiple high-cost borrowings.

Why Choose Wood Capital for Loan Against Property?

Wood Capital provides:

Eligibility assessment
Lender comparison
Competitive interest rates
End-to-end documentation support
Faster approvals & disbursement

Conclusion

A Loan Against Property is an excellent option for property owners who want affordable, long-term funding without selling their asset. With expert guidance from Wood Capital, borrowers can secure the best LAP deal with smooth processing and transparent terms.

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