Loan Against Property in Pune, India

What is Loan against Property (Lap Loan)

A loan against property (LAP Loan) is exactly what the name implies -- a loan given or disbursed against the mortgage of property. The loan is given as a certain percentage of the property's market value, usually around 40 per cent to 60 per cent.It is normally available for residential properties only, but can be available for commercial property also. Wiseowlglobal provides loan against property services and helps you to fulfill your dreams.

Loan Against Property In Pune India


List of major banks which offer loan against property in pune:

  • Bank of India
  • IDBI
  • HSBC
  • State bank of India
  • Indusind bank
  • Bank of Baroda
  • Punjab national bank
  • The karur vyasa bank
  • Axis bank
  • Bank of Maharashtra

Loan against Property Documents

  • Photo identity proof(passport, pan card, voter id card)
  • Residence proof
  • Residence ownership proof(electricity bills, property document)
  • Income proof(latest 3 months’ salary proof )
  • Job continuity proof(job certificate)
  • Property document(copy of agreement executed, share certificate)
  • Investment proof if any (fixed deposit, share, fixed asset)
  • 1 passport size color photograph

Loan against Property for Business

  • Business uses loan against property to expand its business.
  • For working capital requirement
  • To finance fixed asset acquisition

Loan against Property for New Business

  • To finance business activities
  • To finance fixed asset acquisition

Loan against Property for NRI


Loan against property is offered to NRI for their personal needs.


Loan against Property Lowest Interest Rate


The rate at which LAP is issued is in the 12.50 per cent-15.75 per cent range. The lower rate is partly because the lending entity has a security in the form of the housing mortgage vis-a-vis a personal loan that is given without any security.


Loan against Property Mortgage


Loan against property offer mortgage against commercial or residential property with best interest rate.


Loan against Property Terms and Condition

  • Repayment of amount within predetermined period
  • Security(equitable mortgage of the property to be financed)
  • Processing fees will be applied
  • Bank reserves right to reject any application without assigning reason
  • Penalty will be charged for outstanding principal
  • The applicant will undertake to inform bank as and when there is change in address and employment

Loan against Property Without ITR


This is a platform where you are not required to produce your ITR and Balance Sheets, in case you don’t have any.Even people who have bad credit rating can also avail no income proof loans. Moreover, if you have mortgage arrears, CCJ, repossession, IVA or any other issues with credit, then also you can apply for this loan.


Loan against Your Property


Loan will be offered to applicant against their commercial or residential property.


To discuss your needs about loan against property contact us here


Our Services:

Home Loan

WiseowlGlobal provides home loans in Pune India to individuals who wish to purchase or construct a house. The property is mortgaged to the lender as a security till the repayment of the loan.The bank or financial institution will hold the title or deed to the property till the loan.

Business Loan Service

A business loan is borrowed capital that companies apply toward expenses that they are unable to pay for themselves. Some business owners use business loans to pay for salaries and wages until their new company gets off the ground, while other companies .