Loan against property in Delhi

Are you looking for a substantial amount of funds for various purposes such as business expansion, medical emergencies, or debt consolidation? A loan against property (LAP) in Delhi could be the solution for you.

A loan against property is a secured loan that allows individuals to borrow money against the mortgage of their property. Delhi has many banks and financial institutions that offer LAP to eligible borrowers. Here are some key details about loan against property in Delhi:

Eligibility Criteria:

To be eligible for a loan against property in Delhi, borrowers must meet certain criteria. The borrower must be an Indian resident and should be at least 21 years old. The property being mortgaged must also meet certain criteria such as clear title and market value.

Loan Amount:

The loan amount for LAP in Delhi can range from a few lakhs to crores of rupees, depending on the property value and the borrower’s creditworthiness. Typically, banks and financial institutions offer LAP up to 50% to 60% of the property’s market value.

Interest Rates:

The interest rate for LAP in Delhi can vary depending on various factors such as loan amount, property value, repayment tenure, and borrower’s credit score. Generally, LAP interest rates are lower compared to unsecured loans like personal loans or credit cards.

Repayment Tenure:

The repayment tenure for LAP in Delhi can range from 5 to 20 years. The borrower can choose a tenure based on their financial capacity and repayment ability. A longer tenure can result in lower monthly payments, but higher interest payments in the long run.

Documents Required:

To apply for a loan against property in Delhi, the borrower needs to submit certain documents. These include ID proof, address proof, property papers, income proof, bank statements, and passport-size photographs.

Top Banks and Financial Institutions offering LAP in Delhi:

  1. State Bank of India
  2. HDFC Bank
  3. ICICI Bank
  4. Axis Bank
  5. Punjab National Bank
  6. Bank of Baroda
  7. Kotak Mahindra Bank
  8. Bajaj Finserv
  9. IndusInd Bank
  10. LIC Housing Finance


A loan against property in Delhi can be a useful financing option for various purposes. By mortgaging their property, borrowers can get a substantial amount of funds at a lower interest rate compared to unsecured loans. However, it’s important to do thorough research and compare different options before applying for a loan against property. It’s also important to consider the repayment capacity and choose a tenure that suits the financial goals.

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