What is the minimum & maximum Muthoot FinCorp Loan Against Property (LAP) amount that anyone can avail?

You can avail of a Loan Against Property (LAP) starting from ₹3 lakhs* up to ₹50 lakhs*, depending on your eligibility and the value of the property offered as collateral .

Who can apply for the Muthoot FinCorp Loan Against Property (LAP)?

Individuals who are salaried or self-employed, between the ages of 21 and 70, are eligible to apply for a Loan Against Property (LAP) from Muthoot FinCorp. Additionally, businesses including proprietorships, partnerships, private limited companies, and limited companies (limited by shares) can also apply for the loan.

How can you apply for Muthoot FinCorp Loan Against Property (LAP)?

You can visit your nearest Muthoot FinCorp Branch where our branch representatives will help you with the Loan Against Property (LAP) application process. You can also apply for a Muthoot Fincorp Loan Against property through the website by clicking on the Apply Now button.

How to close your Loan Against Property (LAP)?

To close your Loan Against Property (LAP), visit your nearest Muthoot FinCorp Ltd. branch to check the current outstanding amount and initiate the closure process. Our branch representatives will assist you with the closure and provide you with a No Objection Certificate (NOC).

What interest rate will I be charged for Loan Against Property (LAP)?

We offer an attractive interest rate calculated on a reducing balance basis and can range from 14% to 29% per annum, depending on your collateral and the type of loan you choose.

For what purpose can I get Loan Against Property (LAP)?

You can use a Loan Against Property (LAP) for any personal use such as education, medical expenses etc. or professional needs, such as funding business expansion such as funding business expansion, working capital, home renovation, debt consolidation, or any other financial requirement.

Can I apply for a balance transfer for my Loan Against Property (LAP)?

Yes, you can apply for a balance transfer for your Loan Against Property (LAP) with Muthoot Fincorp Ltd.

Do I need to insure my property for Loan Against Property (LAP)?

Yes, you need to ensure that your property is properly insured for fire and other hazards during your Loan Against Property (LAP) tenure.

What documents are required to apply for a loan against property?

To apply for a Loan Against Property with Muthoot FinCorp, the required documentation varies by applicant type: Salaried customers: 3 months’ Salary Slips Bank Account Statements for the last 6 months Salary Certificate (for cash salary, signed by the employer) Self-employed customers: Bank Statements GST Returns Income Tax Returns (ITR) Kacha Record, Sales/Purchase Bills, and Ledgers Ensure you have the necessary documents ready for a smooth application process.

Loan Against Property - LAP Loan for Business and Financial Needs

Name: Loan Against Property
Brand: Muthoot Fincorp

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*T&C Apply

Product Highlights

Interest Rate Range by Property/Collateral Type
Property / Collateral Type	IRR Based on Gradation of Risk (Per Annum Basis)
Residential	From 14% to 24%
Commercial	From 14% to 24%
Industrial	From 15% to 29%
Open Plot	From 16% to 29%
*above mention interest range will vary customer to customer and final rate will be discretion of Muthoot FinCorp Ltd.

Loan Against Property Calculator

Loan Amount

₹200,000

₹50000000

Interest Rate(% P.A)

14%

30%

Tenure (Years)

Monthly EMI

₹ 0

Principal Amount

₹ 0

Interest Amount

₹ 0

Total Amount Payable

₹ 0

Avail Muthoot FinCorp Loan Against Property in Just 3 Steps

01
Loan Application Submission
02
Document Verification
03
Loan Approval

Why Choose Muthoot FinCorp for Loan Against Property?

Our LAP products provide secured, medium-tenor financing against residential and other eligible property for business expansion, working capital, and other business or personal purposes. This business is supported by dedicated sourcing, credit, operations and collections teams and distributed through branches, field sales teams and processing centres. Our LAP portfolio is primarily secured by residential properties and is focused on customers with assessed repayment capacity. We monitor the LAP portfolio across parameters including borrower income, bureau scores, loan-to-value, balance transfer share, collateral type and vintage performance.