What is Loan Against Property ?

A Loan Against Property (LAP) is a secured loan that allows individuals, business owners, and self-employed professionals to borrow funds by pledging an existing property as security. Unlike a home loan which is strictly used to purchase a house, the funds from a LAP are multi-purpose. This means you can use the loan amount for any personal or business financial need while keeping complete operational ownership and possession of your property.

ⓘ Info: The property titles must be clear, legally valid, and free of existing disputes. Fastrack Loan ensures deep evaluation across 20+ banking partners to find the maximum loan-to-value ratio for your specific property layout.

What can you use it for ?

A LAP gives you a large lump sum at low interest rates — much cheaper than a personal loan. Common uses:

Salaried employees, self-employed professionals, and business owners are eligible. Minimum age 21, maximum 65 at loan maturity. CIBIL score of 700+ recommended.

Salaried

Who Can Apply

Business Owners

Professonals

Age -25-60 Y

CIBIL : 700+

NRI

(Select Lenders)

Documents check list.

👥 Salaried applicants

👥 Self Empoyed

✓ Aadhaar & PAN card
✓ Last 3 months salary slips
✓ 6 months bank statement
✓ Form 16 (last 2 yrs)

✓ Aadhaar & PAN card
✓ ITR Full set for 2 years.
✓ 6 months bank statement
✓ Business Registration Proof.

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