Unlocking the Value of Your Property A Guide to Loan Against Property
                     Unlocking the 
Value of Your 
Property: A Guide 
to Loan Against 
Property
www.herofincorp.com
Loan Against Property
Loan against property is a type of 
secured loan that allows borrowers to 
use their property as collateral in 
exchange for funds.
This type of loan is often used to meet 
large expenses, such as medical bills, 
home renovation, business expansion, 
or debt consolidation.
Eligibility Criteria
• To be eligible for a loan against 
property, the borrower must be a 
resident of India, aged between 21 to 
65 years.
• The property offered as collateral 
must be owned by the borrower or 
co-owned with family members.
• The property must be free from any 
legal disputes, and its title should be 
clear and marketable.
• The borrower should have a steady 
source of income and a good credit 
score.
Benefits of Loan Against 
Property
Loan against property offers several 
benefits, including:
• Lower interest rate compared to 
other unsecured loans
• Higher loan amount
• Longer loan tenure
• Flexible repayment options
• Quick approval and disbursement 
process
• Easy documentation and eligibility 
criteria
Application Process
• Research and compare different lenders and their loan 
policies.
• Check your eligibility criteria and prepare the necessary 
documents, such as ID proof, address proof, income 
proof, and property documents.
• Submit the loan application form along with the required 
documents to the lender.
• The lender will verify the documents and conduct a 
property valuation to determine the loan amount and 
interest rate.
• Once approved, the loan amount will be disbursed to the 
borrower's account.
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