LAP Loan

A Loan Against Property (LAP) allows you to obtain funds by mortgaging your residential, commercial or plot property. The property remains in your possession while serving as security for the loan, subject to lender terms and conditions.

PraFintech assists applicants with document verification, mortgage property assessment, collateral details, nominee or co-applicant information and loan application processing to help ensure a smooth approval process.

Loan Highlights

Mortgage Property: Residential, Commercial or Plot property can be considered.
Employment Types: Available for Salaried and Self-Employed applicants.
Co-Applicant: Nominee or co-applicant details can be included.
Property Verification: Ownership, market value and usage details are verified.
Additional Security: FD or Insurance may be accepted wherever applicable.
Loan Purpose: Business, Personal, Education, Medical, Home Renovation and other purposes.

Mortgage & Loan Information

Information	Description
Property Category	Residential, Commercial or Plot.
Ownership Type	Self-Owned, Joint or Ancestral.
Property Usage	Self-Occupied or Rented.
Collateral	Additional FD or Insurance, wherever applicable.
Loan Purpose	Business, Personal, Education, Medical, Home Renovation or Other.
Loan Details	Required loan amount and repayment tenure.

Required Documents

Common Documents

Aadhaar Card
PAN Card
Passport Size Photograph
Property Ownership Documents
LPC / Land Possession Certificate (if applicable)
Kebala / Registry Papers
Current Land Revenue Receipt

For Salaried Applicants

Salary Slips (Up to 6 Months)
Bank Statement (Up to 6 Months)
Employee ID Card
Form 16 (If Available)

For Self-Employed Applicants

Bank Statement (Up to 6 Months)
GST Returns (Up to 1 Year)
ITR (Up to 3 Years)
Business Documents (If Applicable)

Note: Additional documents relating to mortgage property, ownership, legal heirs, nominee, collateral or bank verification may be requested during loan processing.

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