Starting your own business is exciting—but it often comes with one big challenge: funding. Most startup founders struggle to raise enough capital, and bank loans or venture funding are not always easy to secure. But here’s some good news: if you or your family own a property, you can leverage it to raise funds through a Mortgage Loan / Loan Against Property (LAP).
At Shivafinz, we specialize in helping startup founders get quick approvals and maximize the potential of their property to fund their entrepreneurial dreams.
🔑 What is a Loan Against Property (LAP)?
A Loan Against Property allows you to pledge your residential, commercial, or industrial property to a bank or NBFC while retaining ownership. In simple words, your property becomes security for the loan, but you and your family can still use it.
💡 Why is LAP a Great Option for Startup Founders?
- ✅ Higher Loan Amounts – You can get 50–80% of your property’s market value.
- ✅ Flexible End Use – Use the funds for business expansion, product development, hiring, marketing, or operations.
- ✅ Ownership Retained – Unlike selling property, you still remain the legal owner.
- ✅ Lower Interest Rates – Mortgage loans usually have lower interest rates compared to personal or unsecured business loans.
- ✅ Co-Applicant Support – Property in your parents’ name? You can still apply with them as co-applicants.
📊 Example: How Founders Can Benefit
Imagine you own a residential property worth ₹1 Crore. With LAP, you may be eligible to get around ₹60–80 Lakhs in funding. This capital can be the backbone of your startup’s journey—whether it’s hiring top talent, investing in R&D, or scaling your operations.
📝 Eligibility Criteria for Loan Against Property
- Property should be residential, commercial, or industrial.
- Ownership can be yours or your parents’ (with co-applicant option).
- A good CIBIL score (usually 700+) helps in faster approvals.
- Stable income source improves loan eligibility.
🚀 Why Choose Shivafinz?
At Shivafinz, we understand that time is critical for startup founders. That’s why we:
- Provide end-to-end assistance from documentation to approval.
- Ensure faster turnaround time with banks and NBFCs.
- Customize solutions based on founders’ business needs.
- Help maximize loan amount with the best terms & interest rates.
📌 Conclusion
For startup founders struggling with funding, a Mortgage Loan / Loan Against Property can be the perfect solution. It allows you to unlock the value of your property while keeping ownership intact. Instead of waiting endlessly for investors, you can use LAP to kickstart your entrepreneurial journey today.
👉 Connect with Shivafinz today and let us help you get your loan application approved quickly.