Your home, shop, or commercial building is more than just real estate—it’s a valuable financial asset. At Niwas Home Fina, we help you unlock the true value of your property through a Loan Against Property (LAP)—an easy, secured borrowing option for when you need significant funds.

In this guide, we'll break down what LAP means, how it works, who is eligible, and why it might be the right option for your financial goals.

What is a Loan Against Property?

A Loan Against Property is a secured loan where you pledge your owned property—residential or commercial—as collateral to get a loan. Unlike a personal loan, where no collateral is required, a LAP lets you borrow a much higher amount at a lower interest rate because the loan is backed by your property.

You can use the funds for:

Business expansion
Medical emergencies
Higher education
Wedding expenses
Debt consolidation
Home renovation
Or any other personal or professional financial need.

Key Benefits of LAP with Niwas Home Fina

High Loan Amounts
Get up to 60–70% of your property’s market value as a loan.
Lower Interest Rates
Since LAP is a secured loan, you enjoy more affordable rates than unsecured loans.
Longer Repayment Tenure
Repay comfortably over 10 to 20 years with flexible EMIs.
Multiple Property Types Accepted
Residential, commercial, or rented properties can be pledged.
Use the Funds Freely
Unlike home or auto loans, there's no restriction on end use.
Retain Ownership
You keep possession of your property while repaying the loan.

How Does the LAP Process Work at Niwas Home Fina?

We make the application simple, fast, and transparent:

Step 1: Online Application

Visit our official website or branch and fill out a short loan request form.

Step 2: Document Submission

Upload or submit key documents like ID proof, property papers, and income details.

Step 3: Property Valuation

We evaluate the current market value of the property being pledged.

Step 4: Loan Approval

Once your eligibility and documents are verified, we approve your loan.

Step 5: Disbursal

The loan amount is credited directly to your bank account.

Our team stays in touch throughout to ensure a smooth, stress-free experience.

Eligibility Criteria

You are eligible for a Loan Against Property if you are:

Aged between 21–65 years
A salaried individual or self-employed professional
The legal owner of a residential, commercial, or rental property
With a stable income and acceptable credit score

Documents Required

Here’s what you’ll typically need to apply:

PAN Card and Aadhaar Card
Latest Salary Slips / ITR
Bank statements (last 6 months)
Property documents (title deed, sale agreement, tax receipts)
Address and identity proof

At Niwas Home Fina, we keep documentation requirements minimal to speed up the process.

Conclusion: Make Your Property Work for You

A Loan Against Property is a smart way to use your existing asset to meet your financial goals—without selling or losing ownership. Whether you're managing a business opportunity or personal milestone, Niwas Home Fina provides the support, flexibility, and transparency you need.

Ready to turn your property into potential?:
Visit www.niwashomefina.com or contact your nearest branch to apply today! TO KNOW MORE:

What is a Loan Against Property? Benefits, Process & Eligibility | Niwas Home Finance