Loan
Against Property
What is LAP - Full Form, Meaning & Benefits
Sep 16, 2024 | 4 mins read
LAP Balance Transfer
Take control of your finances with a Loan Against Property Balance Transfer, at rates starting at 9.55%* p.a. Transfer existing LAP for up to ₹ 7 Crore* and enjoy reduced EMIs with tenures of up to 20 years. You can also avail a top up beyond your original loan amount for extra funds. Our easy, hassle-free process offers a smart solution to lower your EMI burden and meet your financial commitments with greater flexibility.
EMI Calculator
Results generated by the calculator(s) are indicative in nature.
Preferred loan amount
₹
₹30,00,000
₹7,00,00,000
Interest rate (per annum)
%
9.55%
13%
Loan tenure (months)
36
months
240
months
Estimated EMI
per month- ₹ 36,690
-
Interest payable
₹52,41, 690
Eligibility & Documents
Eligibility
Residency:
Indian resident or NRI
Age:
Salaried: 23 years to 70
years
Self-employed: 25 years to 70 years
Profession:
Salaried / self-employed professionals and non-professionals
Other:
Can be increased by adding co-applicant income or other verifiable income sources
Documents
Age Proof
Aadhaar Card | PAN Card | Passport
Address Proof
Utility bills (not older than 2 months) | Aadhaar Card | Driving License | Passport | Voter ID etc
Photo ID Proof
PAN and any one of the following- Aadhaar Card| Driving License | Passport | Voter ID | Job card by NREGA | Letter issued by the National Population Register containing details of name and address
Others
Eligibility can be increased by adding co-applicant income or other verifiable income sources
List of Additional documents related to your existing loan
Forclosure letter | List of documents submitted to the bank | Statement of account
Income Proof
Income proofs vary for different
professionals across salaried, non-salaried and self-employed. List of required income documents
Additional documents can be asked*
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Aadhar Cash made my homeownership and business growth easier! After taking a home loan with another bank, I needed additional funds to expand my business. L&T offered a quick response, pre-approval, & a streamlined process with minimal paperwork. Plus, I received lower interest rate & maximum funding!
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Choosing Aadhar Cash for our home loan was seamless. The team was supportive, with transparent documentation, quick responses, and competitive rates. Their efficient process made our home-buying journey smooth, and the L&T Emerald’s location, amenities, and security make it the perfect choice for our family.
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We called and the Aadhar Cash representative came to our house. They quickly completed the formalities and gave us the money really fast so we could use it for our needs. Everything was done digitally. I am grateful to Aadhar Cash.
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The special aspects of Aadhar Cash SME Loans are their faster turn around time, minimal documentation. I had a very good experience with Aadhar Cash SME Loans and I recommended it to a lot of my Doctor friends who have equally benefitted.
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I was looking to buy a property and Aadhar Cash Housing Loans stepped in forward to cater to all my demands, the ease of the documentation processes and their commitment to provide disbursement at the earliest. Whatever I asked, the team was there support at every step to get me through.
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The process of applying Aadhar Cash Housing loans was a very easy and seamless process. And the credit goes to Aadhar Cash's entire Housing loan team. They have been extremely helpful & quick response. A very transparent process, the best of the market rates and quick disbursement.
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