A Mortgage Loan or Loan Against Property (LAP) is one of the most reliable ways to access large funds without selling your property. Whether it’s a residential, commercial, or industrial property, you can pledge it to banks or NBFCs (Non-Banking Financial Companies) to get a loan while still retaining ownership.
But the big question is: How much loan can you actually avail under this scheme?
💡 Loan Amount Eligibility – 59% to 80% of Property Valuation
Banks and NBFCs usually sanction 59% to 80% of your property’s market value as a loan.
For example:
- If your property is valued at ₹1 Crore, you may get a loan ranging between ₹59 Lakhs to ₹80 Lakhs.
- The exact percentage depends on the type of property, lender’s policies, your income stability, and your CIBIL score.
📌 Key Benefits of Loan Against Property
✔️ Retain Ownership – Your property remains yours while you get access to funds.
✔️ Higher Loan Amounts – Compared to personal loans, LAP offers larger amounts.
✔️ Lower Interest Rates – Mortgage loans usually have more affordable interest rates.
✔️ Flexible Tenure – Repayment periods can go up to 15–20 years.
✔️ Multi-purpose Use – Funds can be used for business expansion, education, medical emergencies, or debt consolidation.
🏦 Who Can Apply?
- Property Owners – Residential, Commercial, or Industrial
- CIBIL Score – Ideally above 700 for smooth approval
- Stable Income – To meet EMI repayment obligations
🔑 Why Choose Shivafinz?
At Shivafinz, we simplify the loan process by:
✔️ Evaluating your property value
✔️ Maximizing your loan eligibility
✔️ Connecting with the right banks/NBFCs
✔️ Ensuring quick and hassle-free approval
📢 Final Thoughts
A Loan Against Property is one of the smartest ways to unlock your property’s value without losing ownership. With eligibility ranging from 59% to 80% of property valuation, it’s an excellent option for those seeking large funds with affordable repayment options.
👉 If you’re planning to avail a Mortgage Loan, reach out to the Shivafinz team today and let us help you get the best deal.