Loan Against Property

Loan Against Property

Loan Against Property (LAP) is a financial product that allows individuals to borrow funds by mortgaging their assets, such as residential, commercial, Industrial, and Institutional property. It offers a convenient and efficient way to access funds for various end use purposes, such as business expansion, family needs, higher education, Emergency medical expenses, Investment or debt consolidation.

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Features of Loan Against Property by INRPLUS

INRPLUS offers a wide range of loan amounts to cater to the different financial needs of our customers. Whether you need a small amount for home renovation or a large sum for business expansion, Industrial property, commercial property, residential property, schools, hospitals, diagnostic centers, Godowns, Approved, Un-approved or Municipal property etc. we have got you covered with Lap services.

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  • Competitive Interest Rates
  • We understand that interest rates play a crucial role in loan affordability. That is why we offer reasonable competitive interest rates on our Loan Against Property. By choosing INRPLUS, you can make the most of your investment while minimizing the financial burden through debt consolidation.

  • Flexible Repayment Options
  • We understand that every individual's financial situation is different. That is why we offer flexible repayment options on our Loan Against Property. You can choose the tenure that suits your budget, ensuring that you can make timely repayments without straining your finances or any other future goals.

  • Quick and Hassle-Free Approval Process
  • Our streamlined loan application process ensures that you receive a decision on your Loan Against Property application within the shortest possible time, sometimes it depends on the documents or vary as per the situation. Our dedicated team ensures that your loan application is processed quickly and efficiently, minimizing any delays and get it approved in single attempt.

  • Dedicated Customer Support
  • At INRPLUS, @teaminrplus is committed in providing you with the highest level of customer support. Our dedicated team of experienced professionals is available to address any queries or concerns you may have throughout the loan process. With a wide range of features, competitive interest rates, flexible repayment options, quick and hassle-free approval processes, maximum collateral-value loan, transparent lending practices, and dedicated customer support, INRPLUS offers the perfect Loan Against Property solution for your needs. Choose INRPLUS and unlock the financial freedom that you required.

Types of Loan Against Property

Residential property

Commercial property

DDA flats

Society flats

Approved Builders floors

Loan Against Plot

Floors or independent building

Agricultural land used as Commercial or Industrial purpose

Warehouse/ Godown Property

School Property


Hotel Property

Loan Against Property without Map

Every individual wants to avail Loan from prime banks or nbfc’s with minimum threshold of ROI. But due to non-availability of map and unorganized construction many primary banks refuse to fund these colony properties. At the other end there are many Banks and NBFC’s out there in the market, which offers very attractive Loan deals for them. INRPLUS helps you to get your dream loan and facilitate with the best loan services.

Loan Against Rented Property

Borrowers who own rented properties can also avail loan against property, provided they have a valid rental agreement with the tenants. Lenders assess the rental income derived from the property to determine the loan amount and evaluate the borrower's repayment capacity. Cash and Banker transferred rents both will be considered as per criteria. So, there is no issue if someone not getting their rents in bank. Only you need to submit the rent agreements and bank will verify their rentals by sending verification agencies at the rented property.

Loan Against Industrial Property

Loan Against Industrial Property is a financial product specifically designed for borrowers who own industrial properties. It allows them to raise funds by mortgaging their industrial assets for various purposes, such as business expansion, working capital requirements, or purchasing additional properties.

Loan Against Property for Approved Area

We provide loan against property facilities for approved areas such as DDA flats, Society flats, Approved Builders floors, Plots, Floors, or independent buildings. You can apply at INRPLUS to avail Loan upto 75% - 100% of Market Value. These areas have been carefully selected to ensure the safety and security of the property, making it a suitable option for collateral.

Loan Against Property for Regularized Area

Our Loan Against Property (LAP) program is specifically designed to cater to individuals with various types of properties, including those located in regularized colonies, un-approved property with registry, local builder floors, municipal colonies, Lal-Dora properties, Khasra-khatauni, multiple dwelling units, and amalgamation properties. You can also avail loan up to 75% - 85% of Property Value.


Eligibility Criteria for Loan Against Property

    The eligibility criteria for loan against property may vary from lender to lender. However, some common criteria may include:

  • Age: Most lenders have their own policy for age requirement, usually ranging from 25 to 65 years. Co-applicant can be of 21 years of age with or without financial. But main applicant must be 25 years of age .
  • Income: Lenders often require a minimum income criterion, usually based on the borrower's gross and net monthly income.
  • Property Documents – For buying the property buyer must have a ATS – agreement for sale along with complete chain of documents. However, buyer need to know their loan eligibility, so they can get the pre-approved loan only on the basis of financials.
  • Creditworthiness: Healthy credit repayment history with good score is always preferred by all banks and NBFC’s.

Loan Interest Rates

Loan rates are based on your Cibil score, your property, and your financial health. Cibil Score – A good cibil score helps to get best ROI among the industry. A low cibil will attract additional interest rates due to funding policy

Property – Property criteria also plays very vital role in deciding rate of interest. Approved and properties with map will help you to get lower rates while un-approved, regularized, Lal-dora and other kind of properties will be charging additional ROI. Although the additional ROI will be again not that much. In comparison to Prime property loan rates these other property loan rates are marginally higher.


1What mistakes to Avoid When Applying for a LAP?

2What is the interest rate for a loan against property? Rates always vary from time to time as the rates are linked to RBI.

3What is the repayment tenure for a loan against property?

4 Are there any tax benefits on a loan against property?

5 Are there any additional charges or fees associated with a loan against property?

Contact us

Rainbow Fincorp
101, Vardhman Prakash Plaza Sector -20 Dwarka
Near Hyundai Showroom. New Delhi-110075
Phone Number: +91-9891751729