ABHFL Prime Loan Against Property (LAP) helps you get funds while keeping your property. Whether you need money for your child’s education, a wedding, a foreign trip, or retirement planning, this loan offers a simple and flexible solution. With easy processing, competitive interest rates, and flexible repayment, you can meet your financial needs without selling your property.
*Download to get complete details of Prime Loan Against Property
Apply online with minimal paperwork and get fast approval
Enjoy competitive rates that make repayment more manageable.
Avail a loan amount based on your property’s value and financial needs.
Choose a repayment tenure that suits you, with options up to 20 years.
Get doorstep service and expert guidance throughout the loan process.
Transfer an existing LAP from another lender to enjoy better interest rates and terms.
Use the loan for education, business expansion, home renovation, or medical emergencies.
Get access to funds while continuing to own and use your property.
Loan options tailored to suit salaried individuals, self-employed professionals, NRIs, and PIOs.
To qualify for Loan Against Property (LAP), applicants must meet the following criteria:
For Salaried Individuals:
Minimum Monthly Income: INR 25,000 Work Experience Requirement: – At least 3 years in employment CIBIL Score: 675 & above (NTC cases also considered)
For Self-Employed Professionals & Business Owners:
Minimum Annual Income: – INR 3 lakh per annum Business Vintage: – Minimum 3 years of stable business operations CIBIL Score: 675 & above (NTC cases also considered)
Note: Loan eligibility is subject to property valuation and submitted documentation.
Applying for a Loan Against Property (LAP) with ABHFL is a simple and hassle-free process. Follow these steps to get started:
Ensure you meet the income, employment/business vintage, and CIBIL score criteria. Use our Loan Eligibility Calculator to determine the loan amount you qualify for.
Identity & Address Proof – Aadhaar, PAN, Passport, or Voter ID Income Proof – Salary slips (last 3 months) or ITR (last 2 years for self-employed) Bank Statements – Last 6 months’ salary or business transaction history Property Papers – Ownership documents and approved sanction plan
Apply online through the ABHFL portal or visit a nearby branch. A Relationship Manager will assist you.
ABHFL verifies your property details, legal status, and market value. Your loan application is reviewed based on eligibility and submitted documents.
Once approved, the loan amount is disbursed directly to your bank account. You can start repaying through flexible EMI options based on your tenure preference.
Estimated Processing Time: Loan processing usually takes 5–10 working days, based on documentation and property evaluation.
0.25% onwards of the loan amount + applicable GST (may vary as per customer risk profile).
12% p.a. above current applicable interest rate (aggregate not exceeding 24% p.a. + GST).
₹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).
₹750 per instance.
₹1,000 per month in case of secured loans (for invalid, inactive, or closed/frozen bank accounts).
₹750 per instance per loan account.
As applicable based on actual delayed status or as communicated by the lender from time to time.
₹1,000 per instance.
₹750 per instance.
₹200 per instance.
₹750 per instance.
0.5% of principal outstanding + applicable GST (Change in EMI/tenor as per eligibility norms).
0.25% + GST on principal outstanding (capped at ₹7,500 per instance).
₹500 per instance.
2% of principal outstanding + applicable GST.
As per actual, where applicable.
Wherever applicable, GST @ prescribed rates will be levied on these charges.
To ensure a smooth loan application process, applicants must submit the following documents:
KYC Documents – Aadhaar Card, PAN Card, Passport, Voter ID, or Driving License
Address Proof – Latest utility bill (electricity, water, or gas) not older than 3 months
Easily calculate EMIs and check eligibility with our user-friendly tools.
*Note- The calculated interest is an estimate, the final amount will be determined upon approval.
From home financing to business funding, we offer a variety of loan options with flexible terms and a seamless process. Find the right financial solution for you.
Discover surprising benefits and features that make your home loan journey easier and smarter.
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 Loan Against Property (LAP) is a secured loan where you pledge your residential or commercial property as collateral to avail funds for business expansion, personal needs, or emergency expenses.
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