How Easy it is to Take Loan Against Property in India?

How Easy It Is To Take Loan Against Property In India?

How Easy it is to Take Loan Against Property in India?

How Easy it is to Take Loan Against Property in India?

Loan against property is a type of mortgage loan which helps you to secure personal or for business purposes as well. You can leverage the value of the residential or commercial property where ensures you do not experience the burden in future or current. Rupee Station is one of those lending platforms where the borrowers can feel safe and secure by availing the benefits of getting a sufficient amount of money.

What is a Rupee Station and How it helps you to provide loan against property?

Rupee Station is the leading virtual lending marketplace which has enhanced the opportunities for Salaried individuals, self-employed individuals & professionals and business entities to avail them the attractive ranges of the loan up to Rs.5 crores with the lowest interest rate and extended tenure period. Through filling the hassle-free online documentation, you can quickly get disbursal of your suitable amount in your bank account. It is also possible to take a loan against self-occupied or rented property, or even piece of land.

Loan Against Property in All Cities of India

From Rupee Station, you can access the details of various banks and non-banking financial companies to get your budget instantly with flexible EMI options as well. With growing also of more other financial institutions, today it becomes much easier to avail loan instantly from there.

Are there any tax exeptions available to people availing LAP India loans?

If you are a Businessman, then it is possible to consider tax incentives. However, there is no tax incentive on the EMIs which is usually paid by a working individual. In case of the businessman, it is essential to prove the funds which have to use in their business, where he claims a tax deduction on the entire amount of interest paid on loan.

It is not a fix market value of the property; hence, it’s constantly changing. So, the banks determine the value of the property before sanctioning the loan application.

What are the eligibilities & documentations you need to apply for a loan against property?

If you are seriously seeking to take a loan for your property, then you must have to meet basic eligibility criteria from the bank and other financial institution. However, every lending institution has their different terms & conditions. So, here are the following briefly eligibility criteria for self-employed and working employees:

For working employees:

  • Your nationality should be Indian.
  • Age should be between from 25 to 60 years.
  • Should be working employee in the Public Company, Private Company, Central Government, State Government or a Public Sector Unit.
  • You should be a part of the current organization from last three years.
  • You should have sufficient income.

For self-employed:

  • Your nationality should be Indian
  • Your age should be between from 25 to 70 years.
  • You must have the source of income and good sales turnover to meet the eligibility.
  • Your business existence must be of at least 3 years.


Apart from it, you need to submit the following few documents to get easy approval on your loan application:

For salaried employees:

  • Any residency proof like – Aadhar/Ration Card/Electricity Bill/Telephone Bill/Voter ID card
  • Valid ID proof like Voter ID, driving license, etc.
  • Statement of Bank for previous 6 months as a proof of income
  • Latest salary slips of at least six months.
  • Copy of ITR/Form 16 for the past two years
  • All the documents of property for collateral.

For self-employed professionals:

  • Any residency proof like – Aadhar/Ration Card/Electricity Bill/Telephone Bill/Voter ID card.
  • Valid ID proof like Voter ID, driving license, etc.
  • Financial Statement of past three years.
  • Bank statements of last six months.
  • All the documents of property for collateral.


To access more detail about loan against property in India, you have to visit the official site of Rupee Station.


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