Loan Against Property (LAP)
Loans for Small Business Owners / Self Employed Professional against Residential or Commercial Property
(Available only in Bangalore)
Access structured funding for business growth with Udhyam Financial Services’ Loan Against Property.
By pledging self owned residential or commercial property as collateral, Small Business Owners / Self Employed Professionals can obtain secured financing to support working capital needs, business expansion, and other income generating purposes. The product is designed to provide reliable credit access through transparent processes, structured repayment options, and digitally supported loan processing.
Key Features
Loan Amount
₹5 Lakhs to ₹10 Lakhs based on property valuation
Interest Rate
24 percent per annum on a reducing balance basis
Transparent Charges
Clearly defined charges and loan related fees
Loan to Value (LTV)
Up to 50 percent of the property value
Digitally Supported Processing
Technology enabled underwriting to support faster credit decisions
Value Added Services
Credit Life Insurance
Insurance coverage for loan outstanding to protect the family in case of unforeseen events
Property Insurance
Insurance coverage for the mortgaged property during the loan tenure
Eligibility Criteria
Age
21 to 60 years
Credit Score (CIBIL)
Minimum score of 600
Applicant Profile
Small Business Owners / Self Employed Professionals
Business Vintage
Minimum 2 years of continuous business operations
Location
Business and property must be located in and around Bangalore
Documentation Required
KYC Documents
Identity and address proof
Property Documents
Ownership documents and property related records required for mortgage verification
Business Proof Documents
Documents establishing business ownership and operations
Income Proof
Documents supporting income and repayment capability