Loan against the property

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Features and Benefits

A Loan against the property is basically a loan given or disbursed against the mortgage of property. Under this system, the loan is given as a certain percentage of the property’s market value, usually around 40% to 60%. It falls under the secured loan category where the borrower gives a guarantee by using his property as security.

You may have a lot of tension when it comes to sending your children for education abroad or maybe finance your business or even finance your child’s wedding. The things that strick on mind is “Where would I get the money from?” So, taking a loan is one of the ways from which you could arrange for money or you could take a loan against property.



  • You can take a loan against the property for the following purposes:

    Expanding your business

    Getting your son/daughter married

    Sending your son/daughter for higher studies abroad

    Funding your dream vacation

    Funding medical treatments



  • Eligibility Criteria For A LOAN AGAINST PROPERTY

    A person should be an Indian.

    He/she should be of at least 21 years old at the time of submitting the loan application.

    He/she should have been employed by your current organization or been involved in your business for a certain number of years.

    Monthly repaying capacity record for other loans, credit cards etc.

    He/she should have submitted EMIs for other loans and made your credit cards payments on time for three months prior to submitting the loans application.



  • How To Get LOAN AGAINST PROPERTY Through Loans Wala?

    First of all, you have to fill a simple application form which will demand your basic business information given on the site.

    We are having co-ordination with 30+ banks/NBFC to get your application to them.

    You can compare interest rates by your own and choose the best one for you.

    Then, we will send you an e-approval that your loan application is accepted within 24-48 hours and the amount will be credited to your account.



Eligibility Criteria
Here are a few basic eligibility criteria you must fulfill before availing this loan: Should be at least 21 years old (at the time of application) and less than or equal to 65 years (at the end of the loan tenor)

Should be residing in the city for at least one year

Should be working for at least one year

Should have a landline number either at the residence or at office



Documents Required

Proof of identity

  • Passport
  • Voters ID card
  • Driving license
  • PAN card
  • Company ID card of MNC/ public Ltd. / PSU/ Govt. company
  • Adhar Card


  • Address proof Copy of any one document listed below -
  • Passport
  • Voters ID card
  • Driving license
  • Rental Agreement
  • Telephone bills
  • Gas Connection bills
  • Ration Card
  • Sale Deed
  • Property purchase agreement
  • Credit card billing statement (latest)
  • LIC policy,
  • Address proof in the name of the applicant's spouse or parents name is acceptable.


  • Income Proof
  • Latest salary slip for Government employees; if salary slip is not available, only salary certificate to be accepted with deductions.
  • Other relevant documents will be required depending upon the segment and profile of the applicant.