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A Loan Against Property (LAP) is one of the most reliable ways to unlock the financial power of your residential, commercial, or industrial property. Whether you're expanding your business, managing personal expenses, or planning a large project, LAP provides you with a high-value loan at an affordable interest rate by mortgaging your property.

At Tru Loan, we make the entire process seamless, transparent, and quick. Our Loan Against Property solutions are designed to give you maximum funding based on the market value of your property, with flexible repayment options that suit your financial capacity and future goals.

With Tru Loan, you benefit from competitive interest rates, hassle-free documentation, fast approval, doorstep service, and expert support throughout the journey. We combine trusted financial expertise with modern digital processes to ensure a smooth and stress-free borrowing experience.

Interest Rate
9.50% p.a. onwards
70%
Loan-to-Value (LTV)
Up to 60–70% of property value
15
Tenure
Up to 15 years
1%
Processing Fees
1% to 2% of the loan amount
Rates and offers depend on eligibility, income, credit score, and property type. T&C apply.
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Why Choose Tru Loans?

Get high-value funding with complete transparency and quick approval

Competitive Interest Rates

Get attractive LAP interest rates designed to reduce your monthly EMI and overall repayment cost.

High Loan Amount

Avail funding up to 70% of the market value of your residential or commercial property.

Quick Approval & Disbursement

Fast processing and minimal documentation ensure you receive funds without delays.

Transparent Process

No hidden charges, no surprises — complete clarity at every stage of your LAP journey.

Dedicated Support

Get expert guidance for valuation, eligibility, documentation, and disbursement.

Eligibility Criteria

Check the requirements for applying for a Loan Against Property (LAP)

Criteria Details
Age Limit 21 – 70 years (age must not exceed lender’s upper limit at loan maturity)
Nationality Indian Residents and Non-Resident Indians (NRIs)
Minimum Income Salaried: ₹25,000–₹30,000 per month (varies by city)
Self-Employed: Stable business income backed by financial statements
Income must support EMI repayment capacity
Work / Business Experience Salaried: Minimum 2 years total work experience
Self-Employed: Minimum 3 years in current business
Credit Score Recommended 700+ for best interest rates
Eligible Property Types • Residential Property (Self-occupied / Rented)
• Commercial Property
• Industrial Property (select cases)
Property Ownership Applicant must be the legal owner or co-owner of the property being mortgaged
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Documents Required

List of documents required for Salaried and Self-Employed applicants

Self-Employed Individuals

  • KYC Documents: Photo, PAN, Aadhaar of Applicant & Co-applicants
  • Address Proof / Utility Bill (Electricity/Gas/Water)
  • Business Proof:
    • GST Registration / Udyam Certificate
    • Gumasta License (Proprietor)
    • Partnership Deed (Partnership Firms)
    • MOA / AOA / Incorporation Certificate (Companies)
    • List of Directors / Partners
  • Financial Documents (Last 3 Years):
    • ITR (Individual & Business)
    • Computation of Income
    • Audited Balance Sheet & Profit & Loss Statement
    • 3CB / 3CD Reports (if applicable)
  • Last 12 Months Current Account Statement
  • Last 6 Months Savings Account Statement
  • Property Documents:
    • Registered Sale Deed / Title Deed / Conveyance
    • Latest Property Tax Receipts
    • Approved Building Plan / Layout
    • Occupancy Certificate / Completion Certificate (if applicable)
  • Additional Documents (if required):
    • NOC from Society / Builder
    • Rent Agreement (if property is rented)
    • Valuation Report (to be arranged by lender)

Salaried Individuals

  • KYC Documents: Photo, PAN, Aadhaar of Applicant & Co-applicants
  • Latest 3 Months' Salary Slips
  • 12 Months Bank Statement (Salary Account)
  • Address Proof (Electricity/Gas/Water Bill)
  • Form 16 / Income Proof for Last 2 Years
  • Company ID Card / Offer Letter / Employment Proof
  • Property Documents:
    • Registered Sale Deed / Title Documents
    • Approved Building Plan / Layout
    • Latest Property Tax Receipts
    • Occupancy / Completion Certificate (if applicable)
  • NOC from Society / Builder (if required)
  • Receipts of Down Payments or Advance Payments (if any)

Frequently Asked Questions

Get answers to the most common Loan Against Property queries.

The loan amount is usually 60% to 70% of the property's market value. Actual eligibility depends on income, repayment capacity, credit score, and property type.

Yes, NRIs can avail a Loan Against Property by submitting valid income proof, KYC documentation, and property ownership documents. Terms may vary based on the lender.

Applications may be rejected due to low credit score, insufficient income, unclear property titles, low property valuation, incomplete documents, or unstable financial history.

Loan Against Property is generally disbursed in a single lump sum after verification, valuation, documentation, and legal checks. Business LAP may also be disbursed in stages if required.

Yes. Spouse, parents, or co-owners of the property can be co-applicants. Adding a co-applicant may increase your loan eligibility.

Yes, prepayment or foreclosure is allowed. Charges vary depending on loan type (fixed/floating), borrower profile, and lender policies.

Eligible properties include self-occupied or rented residential homes, commercial buildings, shops, offices, and in select cases, industrial units with clear titles.

Tru Loan offers competitive rates, fast processing, doorstep document assistance, transparent procedures, and expert support for valuation, eligibility, and documentation.

Yes, top-up loans are available depending on property value, repayment history, and financial profile. Lenders reassess eligibility before approving additional funding.

Applicable charges may include processing fees, valuation charges, legal verification costs, documentation charges, inspection fees, and prepayment/foreclosure charges depending on lender policy.

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