Loan Against Property: Get ₹10 Lakh to ₹2 Crore

In today’s fast-paced world, financial needs can arise unexpectedly—whether for expanding a business, funding a child’s education, managing medical emergencies, or consolidating debts. For such large-scale funding requirements, a Loan Against Property (LAP) is one of the most reliable and cost-effective solutions. With SwipeLoan, you can avail a loan ranging from ₹10 lakh to ₹2 crore at competitive interest rates, quick approvals, and flexible repayment options.

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What is a Loan Against Property?

A Loan Against Property is a secured loan where you pledge your residential, commercial, or industrial property as collateral to get a substantial amount of funding. Unlike personal loans, which are unsecured, LAP offers lower interest rates because the lender has the security of your property.

The property remains in your name, and you continue to use it as you normally would—only the title deed is held by the lender until the loan is repaid in full.

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Loan Amount: ₹10 Lakh to ₹2 Crore

SwipeLoan offers a wide funding range that caters to various customer needs:

• Small Funding Needs – Starting from ₹10 lakh for moderate expenses like home renovation, small business expansion, or educational needs.

• High-Value Funding – Going up to ₹2 crore for major investments, purchasing new assets, or handling significant financial responsibilities.

The exact loan amount you are eligible for depends on:

• The market value of your property

• Your income and repayment capacity

• The loan-to-value (LTV) ratio offered by the lender

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Key Benefits of Loan Against Property with SwipeLoan

1. High Loan Amounts
   Get funding up to ₹2 crore depending on your property value.

2. Lower Interest Rates
   Since the loan is secured, interest rates are much lower compared to personal loans.

3. Flexible Tenure
   Repay over a tenure of up to 15–20 years, making EMIs more affordable.

4. Multi-Purpose Usage
   Use the funds for any legal purpose—business, education, medical expenses, or personal goals.

5. Continue Using Your Property
   You retain full ownership and usage rights of your property during the loan period.

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Eligibility Criteria

To apply for a Loan Against Property, you need to meet the following basic requirements:

• Age: 21 to 65 years

• Employment Status: Salaried or self-employed individuals

• Property Ownership: The property must be in your name or jointly owned

• Income: Sufficient monthly income to service the EMI

• Property Location: Within acceptable municipal and legal limits

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Documents Required

Having the right documentation speeds up your loan approval process. Typical documents include:

For Individuals:

• Identity proof (Aadhaar Card, Passport, PAN Card, Voter ID)

• Address proof (Utility bills, Passport, Aadhaar)

• Income proof (Salary slips, bank statements, ITR)

• Property documents (Title deed, previous sale deeds, tax receipts)

• Passport-size photographs

For Self-Employed:

• Business registration documents

• Profit and loss statements

• GST returns or ITR

• Property papers

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How the Loan Process Works

1. Application Submission
   Fill out the online application form on SwipeLoan’s platform with your basic details.

2. Document Verification
   Our team verifies your personal, income, and property documents.

3. Property Valuation
   A certified evaluator determines the market value of your property.

4. Loan Approval & Offer
   Based on eligibility, we provide you with a loan offer mentioning interest rate, tenure, and EMI details.

5. Agreement & Disbursal
   Once you sign the loan agreement, funds are disbursed to your account within a few working days.

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Interest Rates & Charges

SwipeLoan ensures transparent pricing with no hidden fees. Typical charges include:

• Interest Rate: Starting from 8% p.a. (varies by applicant profile)

• Processing Fee: 1–2% of the loan amount

• Prepayment Charges: As per RBI and lender norms (often nil for floating-rate loans)

• Legal & Valuation Charges: Minimal, and informed upfront

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Why Choose Loan Against Property Over Personal Loan?

Clearly, LAP offers better affordability and higher funding potential.

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Tips to Get the Best Loan Against Property Deal

1. Maintain a Good Credit Score
   A score above 750 helps you get better interest rates.

2. Choose the Right Tenure
   Opt for a tenure that balances EMI affordability and total interest cost.

3. Negotiate Processing Fees
   Many lenders are open to reducing charges for eligible borrowers.

4. Compare Multiple Offers
   Don’t settle for the first offer—compare rates and terms across lenders.

5. Ensure Property is Clear of Legal Disputes
   This ensures quick approval and avoids future complications.

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How to Apply for Loan Against Property with SwipeLoan

Applying is simple:

• Step 1: Visit SwipeLoan.in

• Step 2: Click on “Apply Now” under Loan Against Property

• Step 3: Fill in your personal and property details

• Step 4: Upload the required documents

• Step 5: Receive a quick eligibility check and loan offer

With SwipeLoan’s streamlined digital process, you can enjoy faster approvals and hassle-free disbursal.

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Conclusion

A Loan Against Property is one of the most efficient ways to leverage your real estate asset to meet large-scale financial needs. With amounts ranging from ₹10 lakh to ₹2 crore, competitive rates, and flexible repayment options, SwipeLoan empowers you to fund your dreams without selling your property. Whether it’s for business expansion, personal commitments, or emergencies, your property can work for you—today.