Loan Against Property (LAP) enables property owners to access liquidity for business, personal, or professional requirements.
Srikara Financial Services coordinates valuation, documentation, and lender selection to ensure clarity and faster execution.
Residential, commercial, and mixed-use property accepted
Flexible tenures up to 15 years
Funds usable for business, education, or consolidation
Attractive ROI from leading banks & NBFCs
Approach
Srikara Financial Services engages with salaried, self-employed, and NRI clients seeking property-backed finance.
Our focus remains on transparent ROI evaluation, structured documentation, and digital coordination from Hyderabad and Warangal.
FAQs — Loan Against Property
1) What is a Loan Against Property (LAP)?+
A secured loan where owned property is pledged as collateral for financing personal or business needs.
2) Who can apply?+
Salaried, self-employed professionals, and business owners with owned property can apply.
3) What type of properties are eligible?+
Residential, commercial, and occasionally industrial properties (depending on policy).
4) How much can be borrowed?+
Generally up to 60–75% of property market value based on income and lender criteria.
5) What are the interest rate ranges?+
Typical range is 9.5%–13.5% p.a. based on profile and valuation.
6) What tenure is offered?+
Tenures up to 15 years for salaried and 12 years for self-employed applicants.
7) Is property ownership mandatory?+
Yes. Title must be clear and in the applicant or co-applicant’s name.
8) Can co-applicants be added?+
Yes, co-owners or family members can strengthen eligibility and loan amount.
9) Can NRIs apply for LAP?+
Yes, NRIs with valid ownership and Indian property can avail LAP under specific lender programs.
10) Is prepayment allowed?+
Yes, subject to minimal or zero foreclosure charges as per RBI guidelines.
11) What documents are needed?+
KYC, income proof, property title documents, EC, tax receipts, and sanctioned plans.
12) How long does the process take?+
Usually 5–7 working days post document submission and valuation.
13) Can an existing loan be transferred as LAP?+
Yes, through balance transfer with or without top-up options.
14) Is the property occupied or rented eligible?+
Yes, both are generally acceptable depending on documentation.
15) Are there tax benefits on LAP?+
Only if funds are used for business purposes (interest claimable as expense).
16) What is the repayment mode?+
Monthly EMIs through ECS or NACH mandate.
17) What is a top-up on LAP?+
An additional loan over existing LAP for eligible borrowers with good repayment track.
18) Can self-employed professionals apply?+
Yes, with ITRs, business proof, and ownership documents.
19) Are valuations standardized?+
Valuation is performed by empaneled agencies based on market and property type.
20) How do I start?+
Reach out through “Contact” or “Upload Docs” section to initiate your evaluation.