Loan Against Property

Loan against Property (LAP) from Edelweiss Housing Finance Ltd. enables real estate owners to put their assets to a productive use by mortgaging them to raise funds up to as high as 70% of the market value of the asset. Funds raised from Loan against Property (LAP) can be used for a variety of purposes like buying a new property, business expansion, working capital for business and education or wedding of children, among others.

Loan against Property (LAP) is an ideal product for both individuals and companies owning a real estate asset that is free from any financial obligation. LAP helps raise funds quickly with an added flexibility of choosing loan tenure up to 15 years for easy repayment.

Edelweiss Housing Finance Ltd. finance the following type of properties:

  • Self occupied residential property
  • Self occupied commercial property
  • Leased residential property
  • Leased commercial property
  • Lease rental discounting against commercial property

Loan against property(LAP) can be taken for the following purposes:

  • Business expansion
  • Working capital needs
  • Purchase of another asset
  • Medical treatments
  • Marriage of children
  • Higher studies abroad of children
  • Funding of vacation

  • Higher loan amount and long duration tenure up to 15 years for ease of repayment
  • Attractive Loan against Property (LAP) interest rates
  • Efficient handling of your loans
  • Quicker approvals
  • Simple loan application processing
  • Flexible repayment facility
  • Loan consolidation of multiple loans with higher rate of interests consolidates your loans into one single instalment
  • Higher loan amount with low EMIs
  • Flexible use of Funds (For business or personal needs)
  • Special products for self employed professionals
  • Income, debt obligations and savings
  • Value of property being mortgaged
  • Repayment track record for other loans, credit cards etc
Salaried Customers Self Employed Professionals Self Employed Non Professionals
Application form with photograph Application form with photograph Application form with photograph
Identity and Residence Proof Identity and Residence Proof Identity and Residence Proof
Latest Salary-slips Education Qualifications Certificate and Proof of business existence Proof of business existence
Form 16 Last 3 years Income Tax returns (self and business)
Last 3 years Profit / Loss and Balance Sheet
Business profile
Last 3 years Profit / Loss and Balance Sheet / Computation of Income/ Audit Report / Last 3 Years Income Tax returns (self and business)
Last 6 months bank statements Last 6 months bank statements Last 6 months bank statements (self and business)
Details of existing loans Details of existing loans Details of existing loans

 

Loan against Property (LAP) lets you mortgage your self-occupied or rented residential property to avail a loan for a variety of purposes such as, buying a new property, business expansion, working capital for business, consolidation of existing loans and education or wedding of children, among others.


  • Loan amounts of up to Rs. 25 cr
  • Short or long duration loan of up to 15 years
  • Highest loan to value (LTV) ratio in the market for residential properties
  • Refinance and top-up of existing loans
  • Loans for purchase of another asset
  • Company type: Self-Employed Professionals, Proprietorship Firms, Partnership Firms, Private Limited Companies and closely held Limited Companies
  • Minimum 5 years of track record in the business
  • Profit making business for the last 2 years
  • Minimum net profit of 2 lakhs p.a.

 

GRANTED TO INDIVIDUAL LAP BORROWERS

NON-HOUSING LOANS

Min %

Max %

Wt. Avg %

Mean %

Q3 FY 21

11.00

17.45

13.43

13.76

Q4 FY 21

11.25

17.45

13.85

14.32

Q1 FY 22

10.75

16.95

13.74

14.11

Loan against Property (LAP) lets you mortgage your self-occupied or rented commercial property to avail a loan for a variety of purposes such as, buying a new property, business expansion, working capital for business, consolidation of existing loans and education or wedding of children, among others.

  • Loan against Property (LAP) amounts up to Rs. 25 cr
  • Tenure of up to 15 years
  • Highest loan to value ratio (LTV) in the market for commercial properties
  • Refinance and top-up of existing loans
  • Loans for purchase of another asset
  • Company type: Self-Employed Professionals, Proprietorship Firms, Partnership Firms, Private Limited Companies and closely held Limited Companies
  • Minimum 5 years of track record in the business
  • Profit making business for the last 2 years
  • Minimum net profit of 2 lakhs p.a.

 

GRANTED TO INDIVIDUAL LAP BORROWERS

NON-HOUSING LOANS

Min %

Max %

Wt. Avg %

Mean %

Q3 FY 21

11.00

17.45

13.43

13.76

Q4 FY 21

11.25

17.45

13.85

14.32

Q1 FY 22

10.75

16.95

13.74

14.11

Lease Rental Discounting helps to raise funds against the future expected rentals of self-owned commercial property. To avail this loan the property should be occupied by the Lessee and the Leave & License agreement should be registered. Just like Loan against Property (LAP), LRD can be provided for a variety of purposes such as, buying a new property, business expansion, working capital for business, consolidation of existing loans and education or wedding of children, among others.


  • Loan amounts up to Rs. 25 cr
  • Tenure of up to 9 years
  • Loans for purchase of another asset
  • Company Type: Self-Employed Professionals, Proprietorship Firms, Partnership Firms, Private Limited Companies and closely held Limited Companies
  • Registered Lease Agreement
  • Reputed Lessee like Corporates, Banks, Financial Institutions and MNCs

 

GRANTED TO INDIVIDUAL LAP BORROWERS

NON-HOUSING LOANS

Min %

Max %

Wt. Avg %

Mean %

Q3 FY 21

11.00

17.45

13.43

13.76

Q4 FY 21

11.25

17.45

13.85

14.32

Q1 FY 22

10.75

16.95

13.74

14.11

Edelweiss Financial Services Limited 2016

Edelweiss Housing Finance Limited (EHFL) | CIN: U65922MH2008PLC182906

EHFL is regulated by the National Housing Bank (NHB) vide Certificate of Registration (CoR) No. 03.0081.10 dt. 18/03/2010. However, NHB does not accept any responsibility or guarantee about the present position as to the financial soundness of Company or correctness of any of the statements or representation made or opinion expressed by the Company.

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