Property ownership in Delhi NCR isn’t just a sign of financial stability—it’s also a gateway to raising substantial funds through a Loan Against Property (LAP). Whether you’re a salaried individual, business owner, or professional, LAP allows you to unlock your property’s value for a range of financial needs without selling it.
What is Loan Against Property?
A Loan Against Property is a secured loan where you mortgage your residential or commercial property to a lender in exchange for funds. The loan amount typically ranges from 50% to 70% of the property’s market value.
You can use the funds for:
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Business expansion
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Medical emergencies
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Higher education
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Wedding expenses
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Debt consolidation
Since the property is used as collateral, interest rates are lower than unsecured loans like personal loans.
Why LAP is Ideal in Delhi NCR
Delhi NCR (including Noida, Gurugram, Ghaziabad, Faridabad) has seen rapid growth in property values. This makes LAP an attractive option for:
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Accessing larger loan amounts
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Getting competitive interest rates
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Retaining property ownership
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Flexible tenures up to 15–20 years
You continue to use or rent your property while repaying the loan.
Eligibility Criteria
To apply for LAP in Delhi NCR, you must:
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Be 23–65 years old
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Own a clear-title residential or commercial property
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Have a stable income (salaried or self-employed)
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Maintain a good credit score (preferably 650+)
Documents Required
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Identity & address proof (PAN, Aadhaar, utility bills)
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Income proof (salary slips, bank statements, ITR)
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Property documents (sale deed, tax receipts)
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Passport-size photos
Interest Rates & Loan Tenure
LAP interest rates in Delhi NCR typically start from 9% p.a.
You can choose repayment terms ranging from 5 to 20 years, depending on the lender and your eligibility.
How to Apply for LAP
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Compare loan offers from banks/NBFCs
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Check your eligibility online
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Submit documents and property details
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Undergo property verification
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Receive loan sanction & disbursement
Top lenders include HDFC, ICICI Bank, Axis Bank, Bajaj Finserv, and others.
Key Benefits of LAP
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Higher loan amount than personal loans
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Lower EMIs due to longer tenure
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No end-use restrictions
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Property remains in your name
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Tax benefits (if used for business purposes)
Conclusion
A Loan Against Property in Delhi NCR is a powerful financial tool for those who need large funds without liquidating assets. With rising real estate values and competitive lending options, it’s an ideal way to meet your life or business goals efficiently.