Everything You Need to Know About Loan Against Property
                     PROPERTY LOAN
EVERYTHING YOU NEED 
TO KNOW ABOUT LOAN 
AGAINST PROPERTY
What is Loan Against Property (LAP)?
A home loan that you take against a property that you own, is defined as a ‘LAP’ 
in India’s housing finance world. Owing to the comparatively longer tenure and 
lower interest rates, it has emerged as a popular form of long-term loan, 
especially among the self-employed in India.
How to Take Loan on Your Property?
A LAP could be taken against residential, industrial and commercial properties. 
In case of residential property, it could be a rented out property or a self-
occupied property, including apartments, flats, individual homes, etc. 
Commercial property includes office buildings, shops, malls, complexes, etc. 
Through this presentation you will have 
everything you need to know about Loan against property.
How Much Loan You Can Get Against Property?
Banks only offer a certain percentage of your 
property’s market value as LAP. Depending on 
the bank from where you are taking the 
mortgage, the LAP amount could vary 
between 90% and 70% of the property’s 
market value. Most lenders keep a 70:30 loan-
to-value ratio.
Who Can Get a Loan Against Property?
There are certain age and income specifications that borrowers have to meet, to 
mortgage their property. 
Salaried applicants Self-employed applicants
Age: 33 to 58 years Age: 25 to 70 years
Employer: Private company, public company, multi- Income: Regularity of income.
national company.
Residency status: India Residency status: India
What Documents Do You Need to Apply for LAP?
Salaried applicants Self-employed applicant
Self-employed and salaried 
Six months’ salary slips. Bank account statements of the previous six months.
individuals are asked to 
Bank account statements of the previous three months. PAN Card
submit different sets of 
documents, along with PAN card Aadhaar Card.
their LAP application. Aadhaar card. Address proof.
Address proof. Copy of the title documents of the property.
Copy of the title documents of the property.
Income tax returns.
GET IN TOUCH
BAJAJ HOUSING FINANCE LIMITED
Cerebrum IT Park, 5th Floor B2 Building,
Holy Cross Rd, 
Kalyani Nagar, Pune, Maharashtra 411014
Phone number : +91 8698010101
Follow us 
on:- /Bajaj-Housing-Finance- bajaj-housing-finance-
Limited- limited/mycompany/
106889874092628/