About Loan Against Property

Loan Against Property (LAP) or mortgage loan is a type of secured loan offered by banks and Housing Finance Companies (HFCs) against commercial or residential property owned by the borrower. The amount, which is availed by keeping the property as collateral till the loan is fully repaid, can be used by the borrower for various purposes like expanding a business, funding children’s education, meeting medical expenses, and more.

The maximum loan amount provided under LAP can go up to 70% of the property value. Along with being cost-effective, loans against property are reasonably convenient to avail and repay due to the relatively low mortgage interest rate.

The availability of higher loan amount and the flexibility to use the amount for various purposes make LAP a better option compared to a personal loan.

If the amount is used for funding a house, the interest paid on the loan provides tax benefits under Section 24 of the Income Tax Act, 1961, up to an amount of Rs. 2 lakh.

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Achieve all your goals and aspirations; with the right kind of help, exactly when you need it.

High-value loans made affordable

Ample Credit gives you access to a higher loan amount at affordable Loan against Property interest rates. Salaried individuals get a high loan amount up to Rs.1 crore, while self-employed individuals can avail a loan of up to Rs.3.5 crore.

Flexible tenure

Salaried individuals can select a tenure ranging from 2 to 20 years and repay the loan conveniently. Self-employed individuals can select a tenure of up to 18 years to repay the loan. You can part-prepay or prepay your loan anytime at minimal charges

Easy balance transfer facility

Transfer your existing loan using Loan against Property Balance Transfer facility to Ample Credit with minimal documentation and quick processing and get a high-value top-up loan.

Flexi dropline feature

Borrow as you go and pay interest only on the amount utilised. Manage your finances effectively and pay interest-only EMIs.

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Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

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Now apply for a Loan Against Property online, All you need to do is provide your details below application form.