Easy To get Loan against property in India With NKB Kredit

Big, Build Bigger: Unleash Your Property's Potential with LAP (Loan Against Property)

CA. Naresh Bansal


+91 7503211000

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What is Loan against Property Loan

Loan against Property (LAP), also known as mortgage loan, is given against the mortgage of a property, which remains safe with the bank/loan institutions till the loan taken is repaid. This property can be of many types – residential, commercial or industrial. A special thing in this is that you can get more loan amount on property loan at a lower interest rate starting from 7% per annum.

Banks/loan institutions generally sanction mortgage loans comfortably between 50% and 70% of the market value of the property, which you can easily repay in EMIs over a period of about 20 years. Like an unsecured personal loan, this Loan against Property can also be taken to meet personal and business needs excluding risky activities. 

If you want to know how to get loan against property, how to take loan by mortgaging property or want to know about property loan, then this blog is for you.

Benefit of LAP(Loan Against Property)

Loan against property benefits vary across banks/loan institutions and loan schemes. However, some of the common benefits of mortgage loans are given below:

Flexible End Use: Like a personal loan, loan against property can be used to meet personal and business needs excluding risky activities.

Higher loan amount: It is a secured loan as it is given against property and hence you can easily get higher loan amount.

Lower interest rates: The interest rates applicable on secured loans are lower than those on unsecured loans. This makes loan against property cheaper and a better option than personal loan.

Easy tenure: Loan against property tenure is usually up to 20 years, giving you low EMIs and easy repayment.

Balance Transfer Facility: Mortgage loans also have a balance transfer facility, allowing you to transfer your existing mortgage loan to another bank/loan institution at a lower interest rate or better loan terms.

Why interest rate on a loan against property matters?

The interest rate in LAP is an important factor that affects the total cost of your property loan. As the loan amount in Loan against Property is higher and the tenure is also longer, the interest rate applicable on it can have a greater impact on borrowers. 

On the other hand, if you get the lowest interest rate on loan against property, then not only will your EMI be reduced, but the total interest payment will also be reduced. 

Therefore, keep in mind that if you are thinking of taking a loan against property, then your first effort should be to take the loan at the lowest interest rate only.


To be eligible for a Loan against Property, you must have the collateral property in India. Your age must be 25 to 65 years and you must have a steady income from a job or a business with a minimum of Rs 25,000 a month. Once you have fulfilled all these criteria then you can easily apply for loan against property. In such a situation, the lenders will check all these aspects of yours and if you fulfill all these things then you will be able to get the loan against property.

Documents we required:

When applying for a mortgage loan, the bank/loan institution asks you to submit certain documents to assess your paying capacity and ensure that all the information provided by you is correct. These documents may vary from bank to bank/loan institution. The documents may vary depending on the loan scheme you have applied for, type of resident you are and type of employment you have. However, the documents required to apply for Loan Against Property include – Duly filled application form, Passport size photograph, Your identity proof (Passport copy/Voter ID card/Driving license/PAN card), ResidenceProof of Age (PAN Card/Passport/Any other certificate from Statutory) and Proof of address (Ration Card, Telephone Bill, Electricity Bill, Rental Agreement, Passport Copy, Bank Passbook or Statement, Driving License, Authority), Bank Statement (Last 6 Months Bank Statement/Bank Passbook) or Last 6 Months, etc.

Loan against property in india

Through their portal loanagainstpropertyinindia.co.in/, NKB Kredits’ loan against property in india stands out as a significant player in the competitive landscape of financial institutions offering loan against property in India. NKB Kredits’ loanagainstpropertyinindia has established itself as a reliable source for individuals and businesses seeking hassle-free access to funds against their property assets.

Why apply for a loan against Propert at NKB Kredit's

  •  Get multiple offers under one roof: loanagainstpropertyinindia by NKB Kredits has partnered with multiple banks/loan institutions to bring you multiple loan offers on a single platform
  • Compare and Select: Examine many offers on loans against property in India from NKB Kredits and select the one that won’t have an adverse effect on your credit history or score.
  • Fast Instant in-principal e-approval: When you apply online through NKB Kredits’ loanagainstpropertyinindia, you get in-principal e-approval for your mortgage loan application within seconds
  • You’re never alone on your property loan journey! NKB Kredits’ dedicated experts by your side every step of the way, ensuring a smooth and worry-free experience. Lean on us for guidance and support – we’re always here to answer your questions and clear any hurdles.

Our Process

In India, securing a loan against property starts with understanding your long-term vision and financial needs. We then leverage our expertise to assess potential risks and opportunities, connecting you with the best lenders and investors for a seamless and successful property loan experience.

In India, unlock additional funding potential for your business by leveraging your property. We prioritize exploring non-collateral options like MSME schemes based on your business credentials and unique selling proposition. If needed, we then confidently bring on board nationalized banks, private banks, NBFCs, and other institutions for secured or unsecured loans, or even equity participation, ensuring you secure the optimal funding solution.

Experience complete property loan support in India! We not only help you secure the funding you need, but also navigate the crucial post-loan phase. Our experts guide you through due reporting and prepare you for any financial institution reviews, giving you peace of mind.

loan against property

Frequently Asked Questions (FAQs)

A loan against property(LAP) is a secured loan that is sanctioned against the asset pledged as collateral. This asset can either be an owned land, a house, or any other commercial premises. The asset remains as collateral with the lender until the entire loan against property amount is repaid.

Large loan amount: Loan against property can provide a more fund compared to a personal loan since the money is given on the basis of the current value for the collateral. It is a good option when the borrower needs a large loan amount for certain purposes such as business expansion

We have relaxed requirements for getting a Loan Against Property and simplified access to funding. As such, we accept a range of property types, including apartments, flats, villas, houses, office buildings, shops, etc.

Yes. You can avail of the Loan Against Property as a co-owner of a joint property, but all co-owners must be co-applicants for the loan account as well.

Any loan against a residential or commercial property can be used for both personal and business purposes. In fact, you can use loan against property for anything other than speculative or non-prohibitive activities.

Get in touch


NKB Kredit Solutions (P) Ltd.
WZ – 2351A, Ground Floor,
Raja Park, Delhi – 110034


+91 7503211000
+91 9654981031

NKB Kredit Corporate Office

1204 GD – ITL Building, B- 08, Netaji Subhash Place, Delhi-110034