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Loan up to 75 lakhs*
Balance transfer of your existing loan with top-up facility 
Flexible loan tenure* *T&C apply
This application is exclusively for Loan Against Property. If you are seeking a Personal Loan, kindly do not apply here.
Home Credit is a registered NBFC under RBI, trusted by over 1.9 Cr+ customers
Meet your urgent financial needs with a Loan Against Property. Enjoy added advantages such as quick disbursal, and a hassle-free application process. Getting funds for your needs or aspirations has never been easier! You can also transfer your existing Loan Against Property and get it refinanced through us.
Here are the features and benefits of taking a Loan Against Property:
Loan up to 70% of property value
Best in class service
Loan disbursal within 72 hours
Getting a Loan Against Property is simple and hassle-free. To qualify, you just need to meet a few basic requirements. Here's what you need:
Minimum age 23 years and Indian citizen
Valid address proof
Should be salaried or self-employed
An active bank account
Ownership of property should be in the name of the Applicant*
Experience the lightning-fast, hassle-free loan application process. You can secure your loan with super simple documentation.
Fast. Easy. Secure.
PAN Card*
Property Documents (in the name of applicant)
Address Proof**
*PAN Card or Form 60 can be used
**Voter ID / Passport / Driving License / Aadhar Card
A Loan Against Property (LAP) is a type of loan where you borrow money by using your house, shop, or other property as security. The loan amount depends on the current value of your property.
You are eligible to apply for a Home Credit Loan Against Property (LAP) if you meet the following criteria:
You can avail a loan of up to ₹75 lakhs, depending on the value of your property and your eligibility.
The interest rate for the Loan Against Property (LAP) starts from 15%* (terms and conditions apply).
The loan tenure is flexible from 3 years up to 15 years, allowing you to choose a repayment plan that suits your financial needs.
You can get a Loan-to-Value (LTV) ratio of up to 70%, which means you can borrow up to 70% of your property's market value.
The processing time generally ranges from 15 to 30 working days, depending on documentation completeness and verification.
To apply for a Loan Against Property, just visit www.homecredit.co.in or download our app and provide your details. Once submitted, our representative will contact you within 24–48 hours to assist you with the process.
A Balance Transfer of Loan Against Property allows you to transfer your existing Loan Against Property for better terms, such as lower interest rates or additional top-up funds.
Yes, you can transfer your existing Loan Against Property to Home Credit and also avail a top-up loan*.
Yes, you can opt for a top-up loan facility of up to ₹75 lakhs, depending on your eligibility and property value.
Incase you decide to foreclose your loan, you will be charged 5% of the outstanding principal.
Yes, Loan Against Property can be availed against jointly owned property. All co-owners generally need to be co-applicants and provide consent.
| Particulars | Charges |
|---|---|
| Processing Fee (PF) | Up to 5% of the Loan Amount (non-refundable) |
| Login Fee | Up to ₹2000 (inclusive of GST) |
| Stamp duty | On actuals (state-specific) |
| Legal & Technical Charges | Up to ₹5000 (inlcusive of GST) |
| Prepayment / Foreclosure Charges | Allowed after 12 months from the loan disbursal date. Charges are calculated on outstanding principal amount and is dependant on the loan active period (in months) 12-24 months - 7% 25 - 36 months - 5% >36 months - 4% Nil for Individual Borrowers on floating rate of interest |
| Late Payment Charges | 2% per month on the overdue amount |
| Cheque / ECS / NACH Bounce Charges | ₹500 per instance |
| Part Prepayment Charges | Allowed once in a financial year up to 25% of principal outstanding - 0% >25% of principal outstanding - 3% |
| Statement of Account (SOA) | 1 free per year, ₹250 per additional statement |
| List of Documents (LOD) / No Dues Certificate | ₹500 per instance |
| Property Re-evaluation Charges | ₹5,000 – ₹10,000 (as applicable) |
| Conversion Charges (Rate / Tenure change) | 0.5% of outstanding principal or ₹10,000, whichever is higher |
| Repayment Swap charges | ₹500 per request |
| Legal / Recovery Charges (Other than pertaining to SARFAESI) |
On actuals |
| Loan cancellation charges | ₹10,000 plus applicable charges |
| Issuance charges for photocopy of title deed | ₹500 per document set |
| Equitable mortagage creation charges | Defined as per state |
| Document storage (in case not collected within timeline) | ₹500 per document per day |
Identity Proof: PAN card
Address Proof: Aadhaar card, Voter ID, Driving License, Passport or Utility bills
Income Proof:
Salaried: Latest 3 months’ salary slips, Form 16, Bank statements.
Self-employed: Last 2 years’ ITR, audited financial statements, GST returns, and Bank statements.
Property Documents: Title deed, approved property plan, sale deed, and/or lease agreement.
Photographs: Passport-sized photos of applicant and co-applicants.
Please note that the above document list is indicative and may vary depending upon the applicant's profile and the type of property.
Funds from a Loan Against Property can be used for multiple purposes including:
Residential properties, Commercial properties, Industrial properties, Institutions, Hospitals, and Shopping malls (subject to internal policies).
