5Sikka provides effective loan Against Property solutions in an easy to understand, clear, and trustworthy manner. We offer competitive rates, flexible repayment options, and customer service support through every part of the borrowing process.
A Loan against Property is a secured loan. You can use your residential, commercial and/or industrial property as collateral to obtain a loan from either a bank or a Non-Banking Financial Company (nbfcs). The loan amount will be calculated based on the property’s market value and it is repaid in equal monthly installments (emersistions). While you repay the Loan Against Property (Lap), you will retain ownership of, and continue to possess (use) the property.
On average, Loan Against Property (Lap) interest rates in India are 8.50 – 12.00%. This variance is dependent on multiple factors including (but not limited to) the quality of the Borrowers credit history, the type of asset, the loan amount, and the income of the borrower. Borrowers with a good credit history will typically find favorable terms compared to those who do not.
how much my property is worth and my financial stability. Generally, I can borrow anywhere from 50% to 75% of the value of my property. Banks each have unique lending policies so my credit history and income levels will also influence my loan amount/terms.
The required documentation for obtaining a Loan Against Property include:
At 5 Sikka, we provide transparent and reliable financial solutions designed to support individuals and businesses. With flexible loan options, competitive interest rates, and dedicated support, we help you achieve your financial goals with confidence.
+91 92660 30400
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