When financial needs arise, many people think of personal loans or business loans. But did you know that you can unlock funds by pledging your existing property? This option is known as a Mortgage Loan or Loan Against Property (LAP).
It allows you to raise money while still retaining ownership of your property—making it one of the most flexible financing options available in India.
✅ What is a Loan Against Property?
A Loan Against Property (LAP) is a secured loan where you pledge your residential, commercial, or industrial property to a bank or NBFC to get funds. Unlike personal loans, the interest rates are usually lower, and the repayment tenure is longer, making it easier to manage.
✅ Why Do People Take a Loan Against Property?
Here are the top benefits and reasons:
1. Debt Consolidation
If you have multiple loans with high-interest rates, LAP helps you consolidate them into a single manageable EMI at a lower rate.
2. Business Purpose
Entrepreneurs often use LAP to expand their business, buy machinery, or fund new projects without diluting ownership.
3. Medical Emergencies
A sudden health emergency can drain savings. With LAP, you can arrange immediate funds without financial stress.
4. Large Personal Expenses
Be it a wedding, higher education, or buying another property, LAP provides a high loan amount to meet such major life expenses.
✅ Advantages of Loan Against Property
- High Loan Amount – Generally up to 59–80% of the property’s market value.
- Lower Interest Rates – Compared to personal loans or credit cards.
- Flexible Repayment Tenure – Up to 15 years in some cases.
- Ownership Retained – You still own the property while using its value.
✅ Why Choose Shivafinz?
At Shivafinz, we specialize in helping individuals, professionals, and business owners get the best loan against property deals with quick approvals and minimum hassle.
👉 If you own a property, don’t let it sit idle—use it smartly to meet your financial goals.
📌 Key Takeaway
A Mortgage Loan / Loan Against Property is one of the smartest ways to raise funds for debt consolidation, business expansion, medical needs, or personal expenses. It provides liquidity while safeguarding your asset ownership.
📞 Contact Shivafinz today to explore the best mortgage loan options tailored to your needs.