Your property is more than just a physical asset—it's a powerful financial tool that can help you access substantial funding for business expansion, debt consolidation, education, medical emergencies, or any other significant financial need. A Loan Against Property (LAP), also known as a mortgage loan, allows you to leverage the equity in your residential or commercial property to secure large loan amounts at competitive interest rates significantly lower than unsecured loans.
At Fastfino, we understand that property is often your most valuable asset, and we help you unlock its potential without having to sell it. Whether you own a house, apartment, plot, commercial office, shop, or industrial property, you can use it as collateral to secure loans ranging from ₹5 lakhs to ₹5 crores. The loan-to-value (LTV) ratio of up to 70% means you can borrow a substantial portion of your property's current market value while retaining ownership and usage rights.
One of the key advantages of LAP is the significantly lower interest rates compared to personal loans or credit cards—typically starting from 9% per annum. Since the loan is secured against property, lenders face reduced risk, allowing them to offer more favorable terms. Additionally, LAP comes with flexible repayment tenures of up to 15 years, resulting in manageable monthly EMIs that don't strain your cash flow. This makes LAP an ideal financing solution for large expenses that require extended repayment periods.
Fastfino's LAP process is designed for speed and convenience. Unlike traditional lenders with lengthy approval cycles and complex paperwork, our digital-first approach ensures property valuation, document verification, and loan approval within 3-7 working days. Our expert advisors guide you through every step—from property assessment to final disbursal—ensuring transparency, fair market valuations, and terms that align with your financial goals.
We accept various types of properties including self-occupied residential properties, rented-out residential properties, commercial offices and shops, industrial properties and warehouses, and vacant land plots in approved locations. Our flexible eligibility criteria consider property value, location, marketability, and your repayment capacity, making LAP accessible to salaried employees, self-employed professionals, and business owners alike.
Key Features
Lower Interest Rates
Starting from 9% p.a. on property
Quick Processing
Approval in 3-7 working days
High Loan Amount
Up to ₹5 crore based on property value
Flexible LTV
Up to 70% of property market value
Minimal Documentation
Simple paperwork required
Long Tenure
Repayment up to 15 years
Eligibility Criteria
Age Requirement
21-65 years
Property Type
Residential or commercial with clear title
Income Proof
Stable source of income required
Credit Score
650+ CIBIL score preferred
Documents Required
Personal Documents
- Identity & address proof (Aadhaar, PAN)
- Income proof documents (Salary/ITR)
- Bank statements (6 months)
Property Documents
- Property title deed & ownership proof
- Property tax receipts & NOC
- Property valuation report
Interest Rates & Charges
Interest Rate
9% - 14% p.a.
Processing Fee
Up to 2% + GST
Prepayment
Nil after 12 months
Property Types We Accept
Residential Flat
Apartments and flats
Independent House
Villas and bungalows
Commercial Office
Office spaces
Shop/Showroom
Retail properties
Industrial Property
Factories and units
Land/Plot
NA converted plots
Warehouse
Storage facilities
Mixed-use Building
Residential + commercial
Application & Approval Process
1Initial Property Assessment
Share property details including type, location, and approximate market value. Our team conducts a preliminary assessment to determine eligibility and potential loan amount. We also discuss your funding requirements and repayment capacity during this initial consultation.
2Professional Property Valuation
We arrange for a professional valuer approved by financial institutions to visit and inspect your property. The valuer assesses market value based on location, construction quality, age, amenities, marketability, and comparable property prices. Valuation report is typically completed within 2-3 days.
3Document Verification & Legal Check
Submit property title deeds, ownership proofs, tax receipts, and personal financial documents. Our legal team conducts thorough title verification to ensure clear ownership, no pending litigations, proper approvals, and marketability. Document verification and legal clearance take 3-4 working days.
4Loan Sanction & Disbursal
Upon successful valuation and documentation, loan is sanctioned typically within 5-7 working days. You review and sign the loan agreement, property mortgage documents are registered, and funds are disbursed to your account. End-to-end process completion: 7-10 working days from application to disbursal.
Tips for Maximizing Your LAP Benefits
✓ Get Professional Valuation
Higher property valuation means higher loan eligibility. Ensure your property is well-maintained and present recent renovation/improvement receipts to valuers.
✓ Clear Property Title
Ensure your property has clear title with no pending litigation, encumbrances, or disputes. Clear titles expedite approval and improve loan terms.
✓ Choose Optimal Tenure
Longer tenures reduce EMI burden but increase total interest. Balance tenure based on your cash flow and total cost considerations.
✓ Compare Interest Rates
Even 0.5% difference in interest rate significantly impacts total cost over 10-15 years. Compare offers from multiple lenders before finalizing.
✓ Maintain Good Credit Score
Credit score of 750+ ensures better interest rates and higher loan amounts. Pay existing loans on time to maintain healthy credit profile.
✓ Plan Property Use
You retain property usage rights during loan tenure. Rental income from property can help service EMIs, improving overall affordability.
✓ Consider Market Timing
Property valuations depend on market conditions. Apply when real estate market is strong for better valuations and higher loan amounts.
✓ Prepayment Strategy
After 12 months, prepayments are penalty-free. Use bonuses or surplus funds to reduce principal and save on interest costs.