Loan Against Property

Overview

A Loan Against Property (LAP) is a secured loan where you pledge your owned property—residential, commercial, or industrial—as collateral to borrow funds. Unlike selling the property, you continue to own and use it while raising capital against its market value. Because it is secured, lenders offer higher loan amounts at lower interest rates compared to unsecured loans.

    Quick Inquiry Form

    Key Features & Benefits

    High Loan Amount

    Avail up to 60–70% of the property’s market value.

    Attractive Interest Rates

    Lower than personal loans since it is a secured facility.

    Flexible Tenure

    Repayment period up to 15–20 years (depending on lender).

    Quick Disbursal

    Faster processing with minimal documentation.

    Multiple Usage

    Funds can be used for business expansion, education, wedding, medical needs, or debt consolidation.

    Eligibility & Required Documents

    Eligibility Criteria

    Eligibility differs slightly between salaried and self-employed applicants, but typically includes:

    Salaried Individuals

    • Age: 21 to 60 years

    • Minimum income as per lender norms

    • Stable employment with a reputed organization

    Self-Employed Professionals/Business Owners

    • Age: 25 to 65 years
    • Regular income proof through business or professional earnings
    • At least 3 years of business continuity preferred
    Documentation Required

    • Identity Proof – Aadhaar Card, PAN Card, Passport, Driving License

    • Address Proof – Utility bills, Voter ID, Aadhaar, Passport

    • Income Proof –

      • Salaried: Salary slips, Form 16, Bank statements

      • Self-employed: ITR for last 2–3 years, Balance sheet, Profit & Loss account

    • Property Documents – Title deed, latest tax receipts, approved building plan

    How Loan Against Property Works

    Application

    Submit an application with personal, financial, and property details.

    Property Valuation

    Lender inspects and evaluates property’s market value.

    Loan Sanction

    Based on valuation and eligibility, the loan is approved.

    Disbursal

    Amount is disbursed into your account, usually within 7–10 working days.

    Repayment

    Pay EMIs (principal + interest) over the chosen tenure.

    Advantages of Choosing Onclock Loan Against Property

    At Onclock, we go beyond just providing funds – we give you financial confidence backed by trust and transparency. Here’s why our Loan Against Property stands out:

    🔹 Higher Loan Value

    Get access to up to 75% of your property’s market value, ensuring you have the financial backing to meet big-ticket expenses with ease.

    🔹 Competitive Interest Rates

    Enjoy affordable EMIs with interest rates designed to suit your repayment capacity, making borrowing stress-free.

    🔹 Flexible Tenure Options

    Choose a repayment period ranging from 5 to 20 years, tailored to your financial comfort.

    🔹 Quick & Hassle-Free Processing

    With minimal documentation and fast property evaluation, we ensure speedy approvals and quicker fund disbursal.

    🔹 No End-Use Restrictions

    Use your funds for business expansion, higher education, weddings, medical needs, or debt consolidation — complete financial freedom with no questions asked.

    🔹 Continued Property Ownership

    Your property remains yours — you can continue to live in it, rent it, or use it while enjoying the financial benefits of the loan.

    🔹 Transparent & Trusted Service

    No hidden charges, clear terms, and dedicated support from our team at every step of your loan journey.

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