Your Property, Your Power Avail Loan Against Property Today - Today Finserv

Are you a property owner? Do you need funds for personal or business purposes? Today Finserv Loan Against Property (LAP) can help you leverage your owned property and access large amounts at lower interest rates. Whether it is a child's education, an unforeseen expense, or even expanding a business, a LAP can help you manage funds in a practical manner while eliminating the need to sell valuable assets.

What is a Loan Against Property (LAP)?

A Loan Against Property is a secured loan where borrowers pledge their residential, commercial, or industrial property as collateral to avail a loan. A LAP is better than personal loans as it provides higher amount, longer tenure, and lower rate of interest.

We, at Today Finserv, offer customized LAP products tailored to your financial profile and borrowing needs.

Also Read - Build, Expand, Succeed Industrial Loan from Today Finserv

Today Finserv Loan Against Property Features

• High Loan Amounts: Get as much as 70% of your asset’s market value, depending on your eligibility and property appraisal.

• Attractive Interest Rates: Our LAP rates are highly competitive in the industry starting at 8.5% p.a.

• Flexible Repayment Tenure: You can comfortably repay over 15 years, enabling you to manage your EMIs in harmony with your income and future plans.

• Minimal Documentation: Simple paperwork makes for quick processing. We strive to make borrowing effortless for you.

• Fast Processing and Disbursal: Funding is available within 5–7 working days after loan approval with our efficient systems in place.

• Loan for Multiple Purposes: No restriction on use – business expansion, education, medical emergencies, wedding expenses, or even debt consolidation.

Why Today Finserv should be your go-to for LAP?

Today Finserv maintains transparency, customer-centricity, speed, convenience, and fast service. Here’s what sets us apart:

• Trusted Financial Partner: We are relied on by hundreds of customers from Delhi and multiple regions for their financing needs.

• End-to-End Support: Our specialists facilitate every phase guiding from property evaluation to disbursal.

• Custom Loan Structuring: Every borrower is unique. We tailor our plans to fit our clients' needs.

• Online Applications: Take advantage of the ease of applying online through our loan application form and apply from home!

Properties Eligible for a Mortgage

These are the types of properties you can mortgage under Today Finserv LAP:

• Residential houses you live in

• Houses you rent out

• Commercial shops and offices

• Industrial buildings

• Unoccupied land (conditional to evaluation)

• Your property must be legally owned, have a clear title and not be mortgaged.

Eligibility Criteria for Loan Against Property

Make sure to review our basic eligibility criteria so that you have a seamless experience:

For Salaried Individuals:

• Age: 25 to 60 years

• Minimum Salary: ₹25,000 per month

• Employment: Minimum 2 years of work experience, 1 year with the current employer

• Property Ownership: Individual or joint ownership allowed

For Self-Employed Professionals or Business Owners:

• Age: 25 to 65 years

• Business Vintage: At least 3 years in the current business

• Income: Steady and provable income through ITR or audited financials

• Property Ownership: Must be in the applicant’s name or jointly owned

Documents Needed for Loan Against Property

While exact documents may vary case-to-case, the general list includes:

For Salaried Applicants:

• PAN Card, Aadhar Card

• Latest 3–6 months' salary slips

• Bank statements of last 6 months

• Employment proof (ID card, offer letter)

• Address proof (utility bill, passport, etc.)

• Property documents (sale deed, tax receipts, etc.)

For Self-Employed Applicants:

• PAN Card, Aadhar Card

• Income Tax Returns of last 2–3 years

• Bank statements of last 6–12 months

• Business registration proof

• Profit & Loss account and balance sheets

• Property ownership documents

Steps to Apply For A Loan Against Property Step By Step

Fill Out The Online Application

Go to Today Finserv’s website and complete the LAP form with your personal details and property information.

Document Submission

Please upload the necessary documents to verify your income and property.

Property Valuation and Credit Assessment

A site visit will be done by our specialists, and at the same time, a credit check is done.

Loan Approval and Agreement Signing

After successful verification, a sanction letter will be issued, and the agreement can be signed digitally or in person.

Loan Disbursal

Your bank account will receive the loan money, which is ready for your intended use.

Benefits of Taking a LAP Instead of Other Loans

• Lower Interest Rates: The interest for LAP is much lower when compared to unsecured loans.

• Higher Loan Amount: You can get a much larger sum than personal loans depending on the value of your property.

• Longer Tenure: Easily manageable EMIs and repayment periods.

• Retain Ownership: You can continue to own and use the property after it has been mortgaged.

• Tax Benefits: Interest paid on LAP can in certain cases (if used for business or education) be deducted from taxable income under the Income Tax Act.

Also Read - Today Finserv Trusted Loan Against Property Provider

Who Should Think About Taking a Loan Against Property?

• Business operators looking for expansion financing

• Funding higher education or hosting a wedding for children

• Someone looking to consolidate several expensive debts

• Business people needing money for an urgent medical concern

• Real estate investors who are looking for liquidity

If you have a piece of real estate, valuable property and genuinely need to access fund, Loan Against Property (LAP) received from Today Finserv is a great choice.

Your property can be more than just a physical space. It can serve as a powerful financial asset. Using Today Finserv Loan Against Property, you are able to unlock your property's value to achieve important life milestones or face business challenges without having to sell it.