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What is Loan Against Property

Loan Against Property (LAP) is a financial solution that empowers individuals and businesses by leveraging residential, commercial, or industrial properties as collateral for loans. The borrowed amount is determined based on the property's value and equity. Opting for LAP means utilising the property's worth to explore new investment avenues.

Features and Benefits of a Loan Against Property

Maximum Loan Amount
Get a loan up to Rs. 1 Crore.
Loan Repayment Period
Enjoy a flexible repayment term spanning 7 years.
Loan-to-Value ratio
Unlock potential with a loan-to-value ratio of up to 70%, depending on your down payment.
Faster Disbursal
Within 3 working days


Our Loan Against Property for MSMEs and Startups stands out as a premier offering in this market. It is characterised by its simplicity, transparency, and speed. Designed to cater to the specific financial needs of MSMEs and startups, it provides flexible access to credit. Here are some compelling reasons to partner with us:

Here are some reasons why you should work with us:

  • Lending Against Owned Property: Utilise owned residential, commercial, or industrial properties to generate funds for business expansion, asset acquisition, or working capital.
  • Benefits for Your Business Growth: Avail the loan for various purposes, including land acquisition, construction, machinery and equipment procurement, business expansion, working capital, and cash flow support.
  • Long Tenure: We offer extended loan tenures, easing the repayment process and reducing EMIs.
  • Save on Rent – Buy Your Own Property: With a Loan Against Property for MSMEs and startups, you can acquire your own property for use as an office. This reduces operational costs, eliminates rent payments, and enhances your return on investment (ROI).

Why choose our loan against property?

Easy and Transparent Application Process
Customized Nationwide Services
Personalized & Doorstep Service
No-Hassle Documentation:
30+ Years of Experience

Our process

Applying for our Loan Against Property is simple and easy process. You can apply by following below steps:

1. Apply

Click "Apply Now" on the top right corner of the Loan Against Property product page.

2. Enter details

Fill in your name, required loan amount, contact details, and city.

3. Submit

After rechecking your form, click "Submit."

4. Get a call

Expect a call from our telecalling team within 24-48 hours for further guidance.

What is the Eligibility for Loan Against Property?

To avail the Loan Against Property, ensure you meet the following criteria:

  • Bureau Score: A credit bureau score above 700.
  • Business Vintage: A business operation history of more than 3 years.

What are the Documents Required for Loan Against Property?

You'll need the following documents to apply for a Loan Against Property:

  • 3 Years Balance Sheet and ITR
  • 12 Months Bank Statement
  • GST Returns for the Current Year
  • KYC: Aadhar & PAN
  • Residence & Factory Ownership Proof

Partner with us to unlock the financial potential of your property and take your business to new heights.


We offer secured Loans Against Property, meaning we will get a lien on your property until the loan is repaid or sold on the open market. The interest rate on this type of loan is usually lower than unsecured loans because there is less risk involved in lending money to someone who has collateral backing their debt (in this case, their commercial property).

To apply for a Loan Against Property, you need to submit an application form along with the other necessary documents. The application will be forwarded to our processing team, where it will be scrutinized. Once your application has been approved, you can collect the loan amount.

This depends on various factors, such as the type of property and its value. However, on average, your application gets approved within 24-48 hours after the submission of documents, on the condition that everything has been submitted properly without any errors or omissions.

You can borrow up to 70% of your property's market value (the price it would sell for if you put it up for sale).

If you fail to pay back your Loan Against Property in India, it may lead to foreclosure, which means, we will take away all your assets and sell them to cover our losses from foreclosing on your property.

There are two eligibility criteria for Loan Against Property based on whether you are salaried or self-employed.

Should be a citizen of India

Has to be between 28 and 58 years of age (the upper limit is the age at which the loan should mature)

Needs to be working at a public or private company or MNC for a minimum of 3 years

An Indian citizen residing in India

Able to prove a steady source of income

Between the ages of 25 and 65 years (the upper limit is the age at which the loan should mature)

A home loan usually helps facilitate the purchase or construction of a new house; the property does not belong to the loan applicant. On the other hand, a Loan Against Property is taken by keeping your existing property as security; this kind of loan can be used for various purposes, while a housing loan is restricted to acquiring a new property. In the case of a housing loan, you may get a loan for up to 90% of the value of the property. On the other hand, a Loan Against Property gives you only 60% to 70% of the value of the property.

A mortgage loan is a loan you can take by keeping an immovable asset as security. This immovable asset can be anything from machinery to property. On the other hand, for a Loan Against Property, you can only provide property as collateral for the loan.

It is definitely possible to get a Loan Against Property for a joint property as long as the other owners are co-applicants for the loan. Joint properties are actually eligible for higher loan amounts.

Electronica Finance Limited does not provide loan against land. It provides loan for construction on land.

Area's we serve

  • Delhi
  • Faridabad
  • Gurgaon
  • Sonipat
  • Belgaum
  • Bengaluru
  • Bengaluru (Bommasandra)
  • Aurangabad
  • Pune
  • Pune- Chakan
  • Pune- Khed Shivapur
  • Pune- Lonikand
  • Pune - Pimpri
  • Kolhapur
  • Mumbai - Goregaon
  • Mumbai - Vasai
  • Nagpur
  • Nashik
  • Thane
  • Chandigarh
  • Ludhiana
  • Chennai
  • Chennai(Thirumudivakkam)
  • Coimbatore
  • Agra
  • Ghaziabad
  • Kolkata
  • Baroda
  • Rajkot
  • Surat
  • Vapi
  • Jamshedpur
  • Indore
  • Pondicherry
  • Bhiwadi
  • Jaipur
  • Hyderabad
  • Roorkee

Customer success stories

I hesitated at first, but Electronica Finance made my first loan experience seamless and successful. EFL's support was the key to transforming my aspirations into a thriving business.

Mr. Mahesh Goyal

With EFL, I found the perfect financial partner to fuel my dreams of business success. Their support was the missing piece that helped me reach new heights in my entrepreneurial journey.

Mr. Sanjaybhai Patel

Electronica Finance gave us the much needed direction and finance and supported us all along the way in our journey. We owe our success to Electronica Finance.

Mr. Satish K
Triton Engineering
Watch success stories