Rurash Financials Private Limited | Unlisted Equity Investments in India, Leading Stock Brokers and Stock Dealers in India

Loan Against Property

We bring to you a secured loan pledged against your property as collateral or security. These customized property loans are equally beneficial for self-employed as well salaried individuals.

Also known as mortgage loans, their interest rates are as low as 8.6% per annum*. Whether it’s your unforeseen medical expenses, personal expenses such as weddings, or crucial ones like your child’s education, we enable you to do it all.

We also offer you a simple application process online. Our dedicated team of professionals will facilitate the process for your further convenience.

Have more questions? Quick Apply


    * Loan amount should be between 10 lacs to 100 Crores.

    Features & Benefits

    • Affordable and high-value loans up to Rs. 3 Crore for self-employed individuals and 1 crore for salaried individuals
    • Borrowers can easily check the necessary details on an online portal and the entire process is easily carried out virtually.
    • Flexible tenure starting from 2 years and ranging up to 10 years along with the facility of part repayment at minimal charges
    • Minimal eligibility criteria and documentation
    • With a simple eligibility criteria and a limited list of documentation, applying for LAP and getting approval is a short and simple process.
    • Low EMI
    • Due to flexible tenure, borrowers can distribute the owed loan amount to reduce EMI.
    • Lower Rate of Interest and processing fee.
    • As compared to personal loans and unsecured loans, LAP offers lower interest rates which make LAP affordable.
    • Low to Nil Prepayment and Foreclosure Charges
    • If borrowers decide to prepay the loan, they don’t have to bear any prepayment charges. Even if they do, it’s negligible.

    Process To Apply For Loan Against Property

    • Check whether you are eligible for a Loan Against Property.
    • Fill out the required details.
    • Pledge your property as collateral.
    • Check your bank for the credited loan amount.

    Who can apply?

    • Salaried employees
    • Self-employed individuals
    • Business owners

    Documents Required For Salaried Employees:

    • Documents of the property the borrower wants to be mortgaged
    • Income tax returns
    • Account statement of the last 3 months
    • Latest salary slip
    • Address proof such as Aadhar card, voter ID utility bill passport ration card, or any other government-issued document
    • 2 Passport size Photographs
    • Identity proof such as Aadhar card, voter ID, passport, PAN card.

    Who can apply?

    • Address proof such as Aadhar card, voter ID utility bill passport ration card, or any other government-issued document
    • Identity proof such as Aadhar card, voter ID, passport, PAN card
    • Documents of the property the borrower wants to be mortgaged
    • Account statement of the last 6 months
    • Last three years audited financials


    LAP as we call it is a secured loan against residential or commercial property. These loans are usually offered at a lower interest rate as compared to a personal loan or business loan. Banks, housing finance companies and NBFCs are the major providers for loans against property.

    Flats, common apartment, residential house or any other self-occupied residential property

    Office buildings, malls, shops, complexes, and other constructed commercial property

    No, it’s important to insure the property to be used as collateral. Moreover, the insurance cover has to provide protection against calamity and fire-caused damages.

    Borrowers can get up to 55% off the commercial properties market value and 60% of the residential properties market value. But it is advisable to speak to a customer representative since conditions are applied.

    The repayment period usually commences the very next month after the loan disbursal month. However, you should speak to the customer care representative for full details.

    The loan eligibility is calculated based on the borrower’s repayment capacity. That depends on factors like age qualification income, co-applicant’s income, and others.

    No, borrowers do not get any tax deduction for a LAP. As per regulations, GST will also be charged as applicable.

    You can apply for a joint loan with another earning co-applicant for increased eligibility and loan amount High LTV on the market value of both residential and commercial properties Transparent and convenient process promising maximum speed and great customer support Personalized and tailor-made according to your individual needs

    Serves as an option for multi-purpose usages such as business expansion, child education, personal expenses like vacations or weddings, or a medical emergency

    Lower interest rates compared with personal or other types of loans.

    Offers tax benefit under section 37 (1) of the income tax act 1961

    Ensures maximum utilization of property by allowing borrowers to avail loans up to 50-70% of the value of the property

    Ownership of your property remains with the borrower

    Quick approval process
    Prompt disbursement

    Easier process for foreclosure.