Loan Against Property

A Loan Against Property is a secured loan where you pledge your residential, commercial, or industrial property as collateral to avail funds. It helps you unlock your property’s market value for personal or business financial needs at affordable interest rates.

VFS Alliance, in collaboration with leading Banks and NBFCs (Non-Banking Financial Companies), offers customized financial solutions to help individuals and businesses access funds with ease and transparency. One of our key offerings is the Loan Against Property — a secured loan that allows you to raise funds by pledging your residential, commercial, or industrial property as collateral. While you continue to own and use your property, you can unlock its market value to meet personal or business needs such as expansion, education, weddings, or debt consolidation, all at competitive interest rates and flexible repayment options.

• Business expansion or working capital requirements
• Funding higher education (in India or abroad)
• Medical expenses or family emergencies
• Marriage or personal commitments
• Debt consolidation or repayment of existing loans
• Purchasing new property or assets
• Any other legitimate personal or professional need

• High Loan Amount: Avail funding up to 60–75% of your property’s market value.
• Attractive Interest Rates: Starting from 8.50% p.a., depending on the borrower’s profile and property type.
• Flexible Tenure: Repay comfortably over up to 15–20 years.
• Multiple Property Types Accepted: Residential, commercial, or industrial properties eligible.
• Available for All: Loans for salaried, self-employed, professionals, and business owners.
• Balance Transfer Facility: Shift your existing LAP to a lower rate with ease.
• Top-Up Option: Get additional funding on your existing LAP with minimal paperwork.
• Quick Processing: Hassle-free documentation and faster approval.
• Transparent Process: No hidden fees, full disclosure of terms and charges.

Lower Interest, Higher Value
Compared to personal or business loans, LAP offers lower interest rates and larger loan eligibility since it’s backed by your property.
Retain Property Ownership
You continue to use your property while leveraging its value to meet your financial needs.
Flexible End-Use
Funds can be used for any personal or business purpose without restriction.
Long Repayment Tenure
Choose a repayment period up to 20 years for convenient EMIs that fit your budget.
Easy Balance Transfer & Top-Up
Switch your existing LAP to another lender for better interest rates or get additional top-up loans with quick approvals.

Common Documents

• Completed loan application form
• Passport-size photographs
• Identity Proof (PAN, Aadhaar, Passport, Voter ID, Driving License)
• Address Proof (Utility Bill, Aadhaar, Passport, Driving License)
• Latest property tax receipts / electricity bill

For Salaried Applicants

• Latest 3 months’ salary slips
• Form 16 / ITR for last 2 years
• Bank statements (6 months)

For Self-Employed / Business Owners

• Business registration proof (GST certificate, license, CA attestation)
• ITR and audited financials for last 2–3 years
• Bank statements (12 months)
• Proof of business address

Property Documents

• Sale Deed / Title Deed / Conveyance Deed
• Approved building plan and occupancy certificate
• Encumbrance Certificate (EC)
• No Objection Certificate (if applicable)

Application & Assessment
Submit your application and basic documents for property valuation and eligibility assessment.
Property Valuation & Legal Verification
The lender conducts a legal and technical verification of the property.
Sanction & Offer Letter
Once approved, you receive a sanction letter with sanctioned amount, rate, and tenure.
Loan Agreement & Disbursement
Upon signing the agreement, funds are disbursed directly to your bank account.