When you need substantial funds for personal or business needs, a Loan Against Property is a reliable way to leverage the value of your owned property. At Capital Corp, we help you unlock the potential of your residential or commercial property by offering secured loans at competitive interest rates and flexible repayment options.
Features and Benefits
Capital Corp’s Loan Against Property (LAP) is designed to meet your high-value funding requirements without liquidating your existing assets. This loan facility allows you to mortgage your property—be it residential, commercial, or industrial—and raise capital for various purposes such as business expansion, working capital needs, education expenses, weddings, or even debt consolidation.
We offer high loan amounts based on the market value of your property, with tenure options extending up to 15 years. Interest rates are lower compared to unsecured loans, making it a more economical choice for long-term borrowing. With quick processing and doorstep service, we ensure that your funding experience is smooth and hassle-free.
Application Process
Applying for a Loan Against Property with Capital Corp is straightforward. Our dedicated advisors begin by understanding your loan purpose and the type of property you intend to mortgage. Once the initial assessment is done, we assist you with preparing and submitting the required documentation.
The property is then evaluated by an approved valuer, and a legal check is conducted to ensure clear title and compliance with regulations. Once the loan is approved, you will receive a sanction letter detailing the terms, interest rate, and tenure. Post-acceptance, the agreement is signed, and the loan amount is disbursed directly to your bank account.
Throughout the process, we maintain complete transparency and provide regular updates, ensuring your convenience and confidence at every step.
Required Documents
The documentation process is simple and varies slightly based on whether you are salaried or self-employed. Some of the key documents include:
- Identity and address proof (Aadhar card, PAN card, passport, utility bills)
- Income proof (salary slips, ITR, bank statements – last 6 months)
- Property ownership documents (sale deed, property tax receipts, approved building plan)
- Business proof for self-employed applicants (GST registration, trade license, financial statements)
Our team will guide you through the exact list based on your profile and assist in compiling a complete application file.
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What types of properties are eligible for a loan against property?
Both residential and commercial properties—whether self-occupied or rented—are eligible. The property should have a clear title and be free from legal disputes.
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How much loan can I get against my property?
The loan amount typically ranges between 75% to 90% of the property’s market value, depending on your income, credit profile, and the property’s condition and location.
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Can I use the loan for any purpose?
Yes, Loan Against Property can be used for a wide variety of personal or business needs, except for speculative or illegal purposes.
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Is it possible to prepay or foreclose the LAP loan?
Yes, foreclosure is allowed and prepayment options are flexible. Most lenders waive off prepayment charges for loans on floating interest rates, especially when borrowed in an individual’s name.
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How long does it take to get the loan disbursed?
Once all documents are submitted and the property verification is completed, the loan can be sanctioned and disbursed within 7 working days.
