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Loan Against Property (LAP)

A sudden requirement of funds is an unavoidable circumstance of business or personal life. Whether a personal necessity (hospitalisation, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments.

In this context, it is pertinent to consider an invaluable alternative source of finance known as Loan Against Property (LAP). This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinising the validity of the said property and its current market value

Why Loan Against Property (LAP)?

Aditya Birla Finance extends the Loans Against Property (LAP) facility to enable the borrower to liquidate his owned property without selling it. The necessary funds are raised in a short period of time, subject to valuation of the property and the submitted documents. The loan helps the borrower tide over a financial crisis with minimum risk.

Is the Loan Against Property (LAP) facility for you?

If you are in immediate need of cash for personal or business needs, taking a LAP can transpire into an excellent financial decision. All the rights and accruements over the pledged property remain with you during the loan period. You can also take a property loan on the assets whose ownership is in your name but is leased out by you. However, you are unable to sell the pledged property during the loan period.

Hence, for a home restoration project or the purchase of a new commercial premises, the LAP facility is a worthy financial product to explore.

Features of Loan Against Property

  • Collateral: Residential and commercial property
  • Tenure:Up to 15 years
  • Maximum loan amount:Up to Rs 75 crore
  • Attractive loan against property interest rates
  • No pre-payment charges upto a maximum of 25% of your outstanding loan, once every financial year
  • Loan amount: Up to 60% of property value in case of commercial property, up to 70% in case of residential property
Please ask us for the required set of documents at the time of inquiry to know your loan against property eligibility.
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Do you have questions?

Call +91 84259 66666
or write us at abfl-customerservice@adityabirla.com. Click here to arrange a meeting today.

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Important Notice

Note : We would like to inform you that we do not accept cash for any transaction.

It has come to our notice that unknown third parties, who are not affiliated with Aditya Birla Finance Limited are forging/mis-selling loan products using our name, brand or logo (explicitly and/or implicitly). Aditya Birla Finance Limited may not have any control over such any third party use of our name and therefore cannot be held responsible for any unauthorised offer, products or services which is made by forging/misusing/faking our brand name. Anyone relying on any such information without verifying and confirming the same with Aditya Birla Finance Limited shall do so at their own risk and liability as to cost and consequences thereof. We also recommend that you do not disclose your personal or financial details to anyone approaching you and claiming to be on behalf of us, unless identity of the person is established or the communication is verified with one of the branches or telephone numbers stated herein.

If you receive a product/ loan proposal from anybody with a name similar to Aditya Birla Finance Limited or claiming to be from Aditya Birla Finance Limited or Birla Global Finance Limited or Birla Finance Limited or any other name which exhibits any connection with Aditya Birla Group or if you have any doubts about such proposal, please feel free to contact Aditya Birla Finance Ltd. immediately on +91 84259 66666. Aditya Birla Finance Limited highly recommends that you ignore any suspicious product/ loan proposals. On no account should you transfer any money without properly verifying and establishing the identity of the entity involved. We once again request you to examine product/loan proposals cautiously and carefully before entering into any transaction with such entities.


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