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Aditya Birla Housing Finance Limited
Micro Loan Against Property

Achieve Your Goals With ABHFL Micro Loan Against Property

Use the value of your property to reach your goals and turn your plans into reality.
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About Micro Loan Against Property
ABHFL Micro Loan Against Property

ABHFL Micro Loan Against Property is a secured loan designed to help small business owners, self-employed individuals, and entrepreneurs discover financial opportunities using their property. With minimal documentation, no ITR requirement, and flexible repayment options, this loan offers an easy funding solution to support your business growth or personal financial needs.

Used for :
  • •   Business Expansion – Invest in new equipment, inventory, or outlets
  • •   Working Capital – Manage day-to-day business expenses with ease.
  • •   Medical & Emergency Expenses – Access immediate funds for urgent needs.
  • •   Education & Personal Needs – Secure your child’s future or meet family commitments.

*Download to get complete details of Micro Loan Against Property

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Key Features & Benefits
Why Choose ABHFL Micro Loan Against Property?
No ITR Required

No need to submit income tax returns for loan approval.

Loan up to ₹75 Lakhs

Get high-value funding with ease.

Flexible Repayment Options

Tenure of up to 180 months for manageable EMIs.

Simple Documentation

Quick processing with minimal paperwork.

High Loan-to-Value (LTV) Ratio

Avail up to 70% of your property’s market value.

Semi-Fixed Rate Flexibility

Enjoy a mix of semi-fixed rates and floating interest rates.

Funds for Multiple Needs

Use for business expansion, working capital, or personal needs.

Suitable for Small Business Owners

Designed for kirana shops, food stalls, garages, tailors, and more.

Eligibility Criteria
Eligibility Criteria

To qualify for the ABHFL Micro Loan Against Property, applicants must meet the general and specific eligibility requirements listed below.

General Criteria:

Minimum Income:

Salaried Individuals: ₹7,000 per month Self-Employed Individuals: ₹1 lakh per annum

Credit Score:

CIBIL Score: 700 & above NTC (New to Credit) applicants may also be considered

Property Ownership:

Must be residential & commercial. Should be freehold and legally owned.

Family celebration
Family celebration
Family celebration

Note: Eligibility depends on property valuation, credit score, and submitted documents.

Step-by-Step Guide
Step-by-Step Guide: How to Apply for a Micro Loan Against Property?

Follow these simple steps to apply for ABHFL Micro LAP:

1.   Check Eligibility

Ensure you meet the required income, credit score, and property ownership criteria.

2.   Gather Required Documents

KYC Documents (Address & Identity Proof) PAN Card Property Papers Income Proof (if applicable)

3.   Submit Your Application

Apply online or visit the nearest branch. Fill in the loan application form and upload documents.

4.   Property Evaluation & Verification

The lender assesses the property’s market value and conducts background checks.

5.   Loan Approval & Disbursement

Upon successful verification, the loan is sanctioned and disbursed to your account.

Estimated Processing Time: Loan approval and disbursement typically take 5–10 working days depending on verification and documentation.

Fees & Charges
Comprehensive details of all applicable fees, charges, penalties, and statutory costs for Micro LAP.
Loan Processing Administration Fee

0.25% onwards of the loan amount + applicable GST (may vary as per customer risk profile).

Part Payment / Pre Closure / Foreclosure Charges
Late Payment Penalty

12% p.a. above current applicable interest rate (aggregate not exceeding 24% p.a. + GST).

Non-submission of Critical Post Disbursement Documents

₹3,000 per month (for delay in submission of Title document, Security perfection documents, Mortgage Deed, Charge creation with MCA, or non-adherence to loan agreement terms).

Cheque Bouncing / NACH Failure Charges

₹750 per instance.

Non-submission of Revised NACH / ECS Debit Mandate

₹1,000 per month in case of secured loans (for invalid, inactive, or closed/frozen bank accounts).

Charge for Exchanging NACH Mandate

₹750 per instance per loan account.

Accrued Interest

As applicable based on actual delayed status or as communicated by the lender from time to time.

CERSAI Charges
  1. • When facility amount is equal to ₹5 Lakhs or lesser – ₹0.50 per property
  2. • When facility amount is greater than ₹5 Lakhs – ₹100 per property.
Pre-Closure Quote

₹1,000 per instance.

Request for Copies of Collateral Held with ABHFL

₹750 per instance.

Duplicate Statement / Repayment Schedule / Any Other Document

₹200 per instance.

Cheque Return Charges / ECS Failure Charges

₹750 per instance.

CIBIL Report Retrieval Fee
  1. • ₹50 per instance for Consumer
  2. • ₹500 per instance for Commercial CIBIL.
Loan Re-schedulement Charges

0.5% of principal outstanding + applicable GST (Change in EMI/tenor as per eligibility norms).

Revision of Rate Within the Same Interest Type

0.25% + GST on principal outstanding (capped at ₹7,500 per instance).

NOC Issuance Charges

₹500 per instance.

Swap Charges (Switch from Fixed Rate to Floating Rate and Vice Versa)

2% of principal outstanding + applicable GST.

Stamp Duty, Legal and Other Statutory Charges, Insurance Premium, Creation Charge with ROC

As per actual, where applicable.

General Note

Wherever applicable, GST @ prescribed rates will be levied on these charges.

Documentation
Documents Required for Micro Loan Against Property

Keep the following documents ready for a smooth and fast application process:

1.General Documents

KYC Documents – Address & Identity Proof (Aadhaar, Voter ID, Passport, Driving License)

PAN Card – Mandatory for all applicants

Property Papers – Ownership proof, sale deed, and property tax receipts

2.Additional Documents for Salaried Applicants

3.Additional Documents for Self-Employed Applicants

Document Stand
EMI/Eligibility Calculator

Easily calculate EMIs and check eligibility with our user-friendly tools.

5L- 25Cr (min-max)
11% - 19% (min-max)
1yr-30yrs (min-max)
Total Payment (Principal + Interest)
₹0

*Note- The calculated interest is an estimate, the final amount will be determined upon approval.

Check Eligibilty
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Did You Know?

Discover surprising benefits and features that make your home loan journey easier and smarter.

Most buyers overestimate approval time—we pre-approve in 24 hours!

Most first-time homebuyers think loan approvals take weeks. With us, you can get pre-approved in just 24 hours, saving time and stress!

Adding a co-applicant can boost your loan eligibility significantly

By including a co-applicant, like a spouse or family member, you can enhance your eligibility and access higher loan amounts with ease.

Refinancing a loan can save you thousands

A small reduction in your interest rate can lead to significant savings over time. Refinance now and keep more money in your pocket!

Your credit score matters more than you think

Even a small improvement in your credit score can unlock better interest rates and loan terms, helping you save big over the loan tenure.

Have Any Questions?

Find answers to all your home loan queries in our FAQ section. Learn about eligibility, loan tenures, interest rates, required documents, application process, and more. Simplify your journey to owning your dream home with clear guidance.

A Micro Loan Against Property (Micro LAP) is a secured loan where individuals can pledge their residential, commercial, or industrial property to avail of funds for business or personal needs.

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