Loan Against Property (LAP)
Unlock the value of your residential or commercial property to fund business expansion, asset acquisition, or other legitimate business and family needs — without selling the asset.
Key Features
- Loan amount: sanctioned up to a maximum of 85% of the assessed value of the property (Loan-to-Value), depending on the nature, type, and possession status of the property.
- Tenure: up to 15 years, subject to applicant age, credit norms, and age of the property.
- Interest rate: fixed for the full tenure, assessed individually based on your credit profile, loan amount, and the property offered as security. Speak with your nearest branch advisor for your applicable rate — it will be confirmed in writing in your Sanction Letter and Loan Agreement before disbursal.
- Average turnaround: 3–15 days from document submission to disbursal.
- Processing fee: 2% of loan amount, onwards.
- Eligible properties: Residential, commercial, and industrial property that is clear, marketable, and free from encumbrances.
- Eligible applicants: Salaried individuals, self-employed professionals, business owners. Borrower age must not exceed 65 years at loan maturity.
When Your Fixed Rate Can Still Change
Although the rate is fixed, Rajouri reserves the right to revise it on a specific borrower’s account only in these situations: material deterioration in credit performance or bureau score, deviation in end-use of funds from the declared purpose, depreciation in the value of the security, default or an Event of Default, or a change in applicable law requiring revision. Any such revision is capped per instance and always communicated to you in advance, with the effective date and its impact on your EMI or tenure.
Fees & Charges
| Fee / Charge Description | Rate / Amount |
|---|---|
| Processing fee | 2% of loan amount, onwards |
| Legal opinion, SRO search, ROC search and technical valuation fee | ₹2,000 |
| Cheque/NACH dishonour charge | ₹1,000 |
| Penal charges — payment default | 2% p.a. on outstanding EMI/Pre-EMI |
| Penal charges — other Events of Default | 3% p.a. on outstanding loan amount |
| KYC/Re-KYC non-compliance charge | ₹5,000 per month, capped at 0.5% p.a. on principal outstanding |
| Foreclosure/prepayment charge | 2% of the amount prepaid or foreclosed |
| Foreclosure statement | Free once per quarter; charged thereafter |
Why Choose Rajouri LAP
- Quick property evaluation turnaround.
- Fixed-rate certainty — your EMI is predictable for the full tenure, outside the specific revision triggers above.
- Documents released within 30 days of full repayment, with a No Due Certificate issued.
Documents Required
- KYC documents (PAN, Aadhaar).
- Property title documents.
- Income proof (salary slips / ITR / bank statements as applicable).
- Property valuation report (arranged by Rajouri).
Ready to Transform Your Finances?
Apply today and take the first step toward achieving your business or personal financial goals.