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For a Loan Against Property (LAP) or mortgage loan, you can pledge legally owned residential, commercial or certain industrial properties as collateral.
Eligible properties typically include,
The property must have a clear legal title, approved building plan, and valid ownership documents.
Khannan Finance assists you in evaluating your property and arranging the right secured loan against property based on its market value and documentation.
Calculate LAP EMI Now| Feature | Secured Business Loan | Unsecured Business Loan |
|---|---|---|
| Definition | A loan backed by collateral, such as property, machinery or other assets. | A loan granted without any collateral approval is based on creditworthiness. |
| Risk for Lender | Lower risk because collateral can be claimed if repayment defaults. | Higher risk for the lender, as no asset is pledged. |
| Loan Amount | Typically higher, depending on the value of the collateral. | Usually lower, as it’s based on income, credit score, or business performance. |
| Interest Rates | Generally lower, because the risk for the lender is reduced. | Usually higher, reflecting the higher risk. |
| Repayment Tenure | Longer tenures are possible, often 3-15 years, depending on the asset. | Shorter tenures, usually 1-5 years. |
| Eligibility | Businesses with assets or property to pledge. | Businesses with good credit history and consistent revenue. |
| Processing Time | May take longer due to collateral verification. | Typically faster, as no asset evaluation is required. |
| Best For | Large funding needs, long term expansion, or asset purchase. | Short term funding, working capital or urgent financial needs. |
Whether it’s a Loan Against Property, a Construction Equipment Loan or any other business financing solution, Khannan Finance ensures a simple, transparent and fast process, helping you access the funds you need without hassle.
You can borrow money against your property by applying with a bank, NBFC. The lender evaluates your property value, income profile, credit score and documents before approving the loan.
Yes, you can take a loan against your house, flat, or villa provided the property has clear title and is free from legal disputes.
People choose LAP because it offers
A property based loan can be used for
Most lenders offer 50%-75% of the property’s market value depending on property type, location, and borrower profile.
The loan against property maximum tenure generally ranges from 10 to 20 years, with options like loan against property for 15 years commonly available.
Yes, mortgage loan against commercial property is available for shops, office spaces, and commercial buildings. Lenders assess property location, rental potential, legal clarity, and borrower income before approving the loan amount.
Yes, loan against industrial property and industrial land is allowed for factories, warehouses, and manufacturing units. Approval depends on zoning compliance, property valuation, business stability, and clear ownership documents.
Yes, loan against land mortgage is available, including land mortgage loan in Chennai. The land must be legally approved, non-agricultural, and free from disputes, with proper title and zoning permissions.
Yes, loan against rented property is possible if the rental income is consistent. Lenders evaluate lease agreements, tenant profile, property condition, and repayment capacity before approving the mortgage loan.
Loan against property for doctors is a customized LAP offering higher eligibility, competitive interest rates, and faster processing, considering doctors’ stable income, professional credibility, and long-term earning potential.
Doctors can apply by submitting medical registration proof, income documents, bank statements, and property papers. Many lenders offer priority processing and higher loan amounts for qualified medical professionals.
Yes, loan against property for MSME is widely used to raise large business capital at lower interest rates, supporting expansion, working capital needs, machinery purchase, or debt consolidation.
Yes, loan against property for self-employed individuals is available based on business cash flow, bank statements, GST returns, and property value, even if income documentation is slightly flexible.
Yes, loan against property for business is one of the most common uses of LAP. Funds can be used for expansion, inventory, equipment purchase, or long-term business growth.
Interest on loan against property typically ranges from 9% to 18% per annum, depending on lender type, property category, borrower income, credit score, and overall loan risk.
LAP disbursal time usually ranges from 5 to 15 working days, depending on property valuation, legal verification, documentation completeness, and internal lender approval processes.
Yes, loan against property supports long-term growth by providing large capital at low interest rates, longer tenure, manageable EMIs, and flexible usage for personal or business needs.
We are a company that has been providing end to end lifecycle support for business portfolios since 2000. Our goal is to help entrepreneurs and small business owners get the financial assistance they need to grow and thrive in their industries.
Read MoreKhannan Finance,
32/N4 Jawaharlal Nehru Salai,
Ekkatuthangal, Chennai- 600032
+91-8939000056
khannanfinance@gmail.com
