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Loan Product

Loan Against Property

Unlock the value of your property at competitive interest rates

Up to ₹50 Crore (50% – 75% of property value) 9.20% – 14% p.a. 5 – 25 years
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A Loan Against Property (LAP) lets individuals and businesses raise funds by mortgaging their residential, commercial, or industrial property as security — a cost-effective alternative to unsecured loans. At Jessica Fincorp, we help you compare and secure competitive loan against property interest rates from leading banks and financial institutions. With loan amounts up to ₹50 crore and repayment tenures as long as 25 years, LAP is well suited for large funding needs such as business expansion, education, medical expenses, or debt consolidation — all while you retain ownership and use of your property.

High Loan Amount

Borrow up to ₹50 crore against your property, meeting even large financial needs.

Competitive Interest Rates

Interest rates starting from 9.20% per annum — significantly lower than unsecured loans.

Long Repayment Tenure

Choose a tenure of up to 25 years, keeping your EMIs manageable.

Direct Transfer to Account

Funds are disbursed directly into your bank account for quick access.

Quick Disbursal

A streamlined process ensures rapid disbursal for urgent financial requirements.

Balance Transfer Facility

Transfer your existing loan against property from another lender to Jessica Fincorp on better terms.

Continued Ownership

You retain full ownership and use of the mortgaged property unless there is a default in repayment.

Eligibility Criteria

  • Available to self-employed individuals, salaried professionals, and businesses that own eligible property
  • Property must be residential, commercial, or industrial, free from legal disputes, and in the borrower's name
  • Loan amount typically ranges from 50% to 75% of the property's current market value
  • Age and income criteria vary by lender, generally similar to standard mortgage loan norms

Documents Required

  • Identity Proof: PAN Card (mandatory) with Aadhaar Card, Passport, Voter ID, or Driving License
  • Address Proof: Aadhaar Card, Passport, Voter ID, Driving License, or utility bills
  • Proof of Income: ITR/financial statements of the last 3 years (self-employed) or salary slips, bank statements, and Form 16 (salaried)
  • Proof of business existence and last 6 months' bank statements (self-employed)
  • Property Documents: Allotment letter/seller's agreement, title deeds, and proof of no encumbrances
  • Signed application form with photograph and processing fee cheque

A secured loan where the borrower pledges a residential, commercial, or industrial property as collateral to borrow funds. The lender retains the property title until the loan is repaid.

Salaried professionals, self-employed individuals, and businesses owning a property that is free from legal disputes and in the borrower's name.

Residential, commercial, or industrial property that you own. Some lenders also allow agricultural land, though this is less common.

The loan amount depends on the market value of the property, your repayment capacity, and the lender's policies — typically 50% to 75% of the property's current market value.

Tenure can range from 5 to 25 years, depending on the lender's terms and the borrower's eligibility.

Rates on LAP are generally lower than personal loans since the loan is secured against property, typically ranging between 9.20% and 14%.

Yes, the funds can be used for business expansion, funding education, medical expenses, weddings, or consolidating existing debts.

Proof of identity and address, proof of income (salary slips, bank statements, ITRs), property documents (title deeds, ownership proof), and employment or business details.

Processing time varies by lender but generally takes 10 to 15 working days, longer if there are property valuation or documentation issues.

Yes, most lenders allow prepayment of LAP, though they may charge a prepayment penalty — check with the lender for specific terms.

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