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Mortgage Loan (Loan Against Property)
A Mortgage Loan, also known as Loan Against Property (LAP), is one of the most effective ways to unlock the financial value of your owned property. Whether you need funds for business expansion, debt consolidation, education, medical emergencies, or personal requirements, ReaLoan helps you secure the best-value mortgage loan with high approval chances and transparent guidance.
At ReaLoan, we collaborate with leading NBFCs, Banks, and Housing Finance Companies to provide you with the right loan amount, lowest interest rate, and flexible repayment options, all through a simple online process.
Key Features of Mortgage Loan with ReaLoan Platform
High Loan Amounts
Borrow a significant amount (depending on property value), ideal for business or personal needs.
Loan eligibility often ranges from ₹50 Lakhs to ₹100 Crores or more.
Lowest Interest Rates
Mortgage Loans generally have lower interest rates compared to unsecured loans, giving you affordable monthly EMIs.
Both Residential & Commercial Properties Accepted
You can avail LAP against:
Residential Property
Commercial Property
Industrial Property (case-to-case basis)
- Non farming Land
Continue Using Your Property
You retain full ownership and usage rights of the property throughout the loan tenure.
Minimal Documentation & Fast Processing
We streamline your paperwork and connect you with lenders who offer quick approvals.
Common Uses of Mortgage Loans
You can use a Mortgage Loan for:
Business Expansion & Working Capital
New Startup Funding
Home Renovation
Medical Emergencies
Education Expenses
Consolidating Debt
Personal Financial Requirements
There are no restrictions on usage—as long as the purpose is legitimate.
Why Choose ReaLoan for Mortgage Loans?
20+ years of strong financial & credit expertise
Multiple lender tie-ups offering competitive LAP deals
Transparent valuation & eligibility guidance
Secure, reliable and confidential document handling
Higher approval chances through accurate profiling
Dedicated experts supporting you from login to disbursal
💬 Need a Mortgage Loan?
Let us help you unlock the true value of your property with the right loan.
Apply online or speak with our expert advisors for personalized assistance.
ReaLoan – Your Trusted Bridge to Smarter Loans.
FAQs
What is a Mortgage Loan (Loan Against Property)?
A Mortgage Loan, also known as Loan Against Property (LAP), is a secured loan where funds are provided by keeping your residential, commercial, or industrial property as collateral.
Loan amount can range from ₹25 lakh to ₹500 crore depending on property value and lender type.
What is the maximum loan amount I can get?
The loan amount depends on the property value, income, and lender category:
| Lender Type | Loan Amount Range |
|---|---|
| Banks | ₹25 lakh to ₹50 crore |
| NBFCs | ₹25 lakh to ₹200 crore |
| Private Lenders / Funds | ₹5 crore to ₹500 crore |
High-value structured finance may exceed ₹500 crore for large corporations.
What is the LTV (Loan-to-Value) ratio for Mortgage Loans?
As per norms:
Banks: 40% – 60% of property value
NBFCs: 50% – 70% of property value
Private Lenders: 40% – 65%, depending on risk
Commercial and industrial properties usually have lower LTV than residential.
What CIBIL score is required for a Mortgage Loan?
Most lenders prefer:
Banks: 700+
NBFCs: 650–700+
Private Lenders: Flexible; focus more on property value and repayment capacity
Even lower CIBIL cases may get approval with stronger collateral.
What types of properties are eligible as collateral?
Banks, NBFCs & Private Lenders accept:
✔ Residential Property (Flat/Bungalow)
✔ Commercial Property (Office/Shop/Showroom)
✔ Industrial Property (Factory/Gala – case-to-case)
✔ Warehouses, Godowns
✔ Mixed-use Buildings
✔ Rented Properties (Lease Rental Discounting option)
Agricultural land is not allowed under most bank/NBFC policies (unless special exceptions).
Who is eligible for a Mortgage Loan?
Eligibility includes:
Salaried individuals
Self-employed professionals
Business owners
MSMEs & SMEs
Corporates & LLPs
Property-owning SPVs
High-net-worth individuals (HNI)
Income stability and clear property title are key requirements.
What is the minimum income required?
Depends on profile:
Salaried: ₹25,000 – ₹50,000 monthly income
Self-employed: Minimum ₹2 lakh – ₹5 lakh annual ITR
Companies: Past 2–3 years audited financials
Private lenders evaluate the property and business cash flow more than income.
What is the tenure for Mortgage Loans?
Banks: Up to 15 years
NBFCs: 7–15 years
Private Lenders: 1–7 years (often structured)
Longer tenure reduces EMI burden.
What are typical interest rates for Mortgage Loans?
Approximate range (can vary by profile and property):
| Lender Type | Interest Rate |
|---|---|
| Banks | 9.0% – 12.5% |
| NBFCs | 10.5% – 16% |
| Private Lenders | 14% – 24% (risk-based) |
Banks are cheapest but strictest; NBFCs are flexible; private lenders are fastest.
How long does approval & disbursal take?
Banks: 7–21 working days
NBFCs: 3–10 days
Private Lenders: 24–72 hours (fastest), depending on property papers
Delay mainly occurs due to property title verification and valuation.
What documents are required for a Mortgage Loan?
KYC: Aadhaar, PAN, Address Proof
Income Proof:
Salaried: Salary slips, Form 16, 6-month bank statement
Self-employed: ITR 2–3 years, GST, business proof, financials
Property Documents:Chain documents
Registered agreement
Index II / EC
Tax receipts
Approved plans (if applicable)
Business documents: (for firms) GST, ROC, MOA/AOA, Udyam, etc.
Can I get a Mortgage Loan with low CIBIL or past delays?
Yes.
NBFCs & Private Lenders give more importance to:
Property value
Cash flow
Current business condition
Low CIBIL cases may get approved at a higher interest rate or lower LTV.
What are the common uses of Mortgage Loan funds?
Mortgage Loan funds can be used for:
Business expansion
Working capital
Debt consolidation
Buying machinery
Project finance
Education, medical needs
Purchasing commercial assets
Cash flow management
There are no restrictions as long as the purpose is legal.
Can I pre-close or part-prepay the mortgage loan?
Yes.
Banks: Often allow part-payment without heavy penalties (floating rate loans).
NBFCs: May charge 2%–5% foreclosure penalty.
Private Lenders: Penalties vary based on agreement.
Always check the foreclosure policy before signing.
What are the common reasons for Mortgage Loan rejection?
Poor property title
Encroachment or litigation
Unapproved/illegal construction
Very low CIBIL score
Heavy existing EMIs (high FOIR)
Incomplete documentation
Cash flow mismatch
Undervaluation or weak collateral coverage
ReaLoan helps identify suitable lenders even in borderline cases.
Do lenders accept co-borrowers or co-owners?
Yes.
If property has multiple owners, all co-owners must be co-applicants.
Adding family co-applicants can improve eligibility and reduce interest.
Are Mortgage Loans available against rental income?
Yes — through Lease Rental Discounting (LRD).
Banks/NBFCs fund against rental agreements with:
Corporates
MNCs
Government/PSU tenants
Listed companies
LRD loans have strong approval chances due to stable cash flow.
Can NRIs apply for a Mortgage Loan in India?
Yes, but only with:
Valid Indian property
Proper KYC
NRE/NRO bank accounts
POA (Power of Attorney) if abroad
NBFCs handle NRI LAP on a case-to-case basis.
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