The specifics of Loan Against Property

What is Loan Against Property?

Loan Against Property(LAP) is a mortgage loan, where the property is pledged to the lending institution for a certain tenure. The tenure for this loan is normally much shorter than that of a housing loan. However, basis the lending institution, the tenure may be extended as the case may be.

Why take Loan Against Property?

Life is such that it throws surprises your way when you least expect it. At other times, it offers a few warning signs of impending big events. Either way, it cannot be disputed that one needs money to finance a lot of personal and professional goals. However, one may not always have the means to raise finances quickly, and this can impact the course of major milestones.

A good way to arrange for funding is to take a Loan Against Property (LAP). This is a loan offered to both individuals and companies against their residential or commercial property.

What do lending companies look for while approving a Loan Against Property?

Lending companies such as Aditya Birla Finance look for the applicant's credentials, income level, repayment capability, credit history, value of the property, existing loans on the property (if any), before approving a Loan Against Property. We offer super-fast sanctions and easy documentation. The approval process for Loan Against Property is easier because the property credentials are already in place via the agreement, title documents, etc.

Is Loan Against Property the right option for you?

Loans against property is a good financing solution for those requiring quick funding without selling off their precious property. The loan is granted fairly quickly, while the applicant retains all rights and accruements over the property as before – the lender does not assume any part of ownership over the pledged security. The property may continue to be leased out both during and after the loan application is approved.

So whether you need money to finance your child's wedding or invest in a bigger office space, you should explore this option.

What is ABFL LAP like

Aditya Birla Finance (ABFL) performs rigorous checks on the property, before proceeding further with the application. The tenure of this loan does not exceed 15 years, and the maximum credit extended is Rs 75 crore (70% of residential property value, 60% of commercial property value). Also, ABFL does not charge pre-payment charges till up to maximum 25% of outstanding loan.

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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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