There are many benefits to taking a Loan Against Property, including:

• High loan amounts: LAPs offer high loan amounts, up to 75% of the market value of your property. This can be very helpful if you need a large sum of money for a specific purpose.
• Competitive interest rates: LAPs typically have competitive interest rates, especially if you
have a good credit score.
• Flexible repayment terms: LAPs offer flexible repayment terms, so you can choose a repayment
plan that suits your budget.
• Tax benefits: The interest paid on a LAP is eligible for a tax deduction, which can help you save money on your taxes.

To be eligible for a Loan Against Property, you must meet the following criteria:

• You must be an Indian citizen or a resident of India.
• You must be at least 21 years of age and not more than 70 years.
• You must have a good credit score of 675+.
• The property that you are mortgaging must be free from any legal encumbrances.

1. Minimum Salary required – 20 thousand
2. Work Experience – 1 Year
• Self-Employed
• ITR – 3 lakhs+ Turnover 20 Lakhs Work Experience – 3 years
• Tenure: -
• Minimum - 2 Years
• Maximum – 20 years

1. For Salaried: -
• Applicant & Co-applicant KYC
• Last 3 months – Salary Slip
• Bank statement – Latest 1 Year
• Form 16 – 2 years
• PF Statement (Optional) – 1 year
• Property Documents
2. For Self Employed (Proprietorship): -
• Applicant & Co-applicant KYC
• Company KYC
• Property Paper
• Company Financials– Latest 2 years
• Partners / Directors Financials– Latest 2 years
• GST – 3B – 1 Year
• Bank Statement, all business account – Latest 1 year

At SIIA Advisory, we understand that the loan process can be complex and time-consuming. That's why we have a team of dedicated professionals who will work with you throughout the process to ensure that your loan is processed quickly and efficiently. Our team will coordinate with you to collect the required documents, review your application, and submit it to the lender. We will also keep you updated on the status of your loan application and answer any questions that you may have.

The loan sanction amount for a Loan Against Property depends on a number of factors, such as the value of your property, your income, and your credit score. Please find the range below:

• Maximum Amount – 100 Crore
• Minimum Amount – 25 Lakhs
• Rate of Interest (ROI) – 9.25% 15% Varies as per the Lender.
• Equated Monthly Installment (EMI) – Monthly

Please note that the terms and conditions of a Loan Against Property is important to read and understand the terms and conditions carefully before signing the loan agreement.

Please find basic terms & conditions for Loan Against Property:

• Pre-payment not allowed
• Foreclosure: - Minimum – 3% Maximum – 5%
• Processing Fee: - Minimum – 0.25% Maximum 2%
• Co-applicant - Should be in Blood Relation
• Rate of Interest (ROI) – Varies as per the client’s background information of payment history, requirements, and floating rates.
• Equated Monthly Installment (EMI) – Monthly.