Loan Against Property

Loan Against Property or LAP is categorized as a secured loan and disbursed against the security/guarantee of the borrower’s legally owned property. The lenders offer only a certain percentage of the market value of the property. The lender (bank) usually lend about 50% to 60% of the property. Other private lenders provide about 80% of the property value. As compared to a personal or business loan, these loans are typically offered at a lower interest rate and are disbursed at a reasonable time.

Furthermore, it comes with a longer repayment tenure as compared to a personal loan. Both the salaried and self-employed individuals are eligible for the LAP. The repayment potential is evaluated on factors such as income, fixed obligations, credit history, etc.

The key benefits of LAP are:


It is a multi-purpose loan available for different purposes. This includes procure raw material, pay the storage area rent, pay staff wages, working capital requirements, etc.


It can easily avail the credit from all major banks in India.


LAP is offered for a longer duration up to 15 years or more.


The interest rate for LAP is usually lower as compared to a personal loan.

Advantage of Loan Against Property (LAP) Services from Finnova Advisory

Finnova Advisory offers Loan Against Property (LAP) assistance. We have formed alliances with numerous banks and financial institutions to provide a wide range of lender options. According to your eligibility and financial requirement, we recommend quick processing, competitive interest rates, and multiple collateral options to ensure that this is the best option for your business. We also deal with private, PSUs, co-operative banks, and NBFC’s.

Along with this, our team of specialists takes pride in offering unbiased advice to our customers regarding our services. Acting as a mediator, we are readily available to help you apply for corporate finances service from some leading banks and financial institutions.