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About Loan Against Property

India Shelter envisions a future where boundless opportunities await those who strive for a better life. With Loan Against Property, we empower you and your loved ones to turn dreams into reality. This multi-purpose loan serves as a steppingstone towards fulfilling aspirations, whether it's growing your business, venturing into new opportunities, or securing additional income streams. Your dreams are within reach – let's build them together!

Loan amount between INR 10 Lakhs to INR 50 Lakhs

Attractive Interest Rates for Loan Against Property

Integrated branch network

Quick and hassle-free loan processing

Expert guidance on Loan against property

Transparent and customer-centric approach

ITR not mandatory

Features of Loan Against Property

Advantages of various features of Indian Shelter Loan Against Property

Competitive interest rates

Loan Against Property typically usually has lower interest rates compared to other unsecured loans.

Higher loan amount

Depending on the value of the property, the borrower can avail a higher loan amount

Repayment tenure

The repayment tenure for Loan Against Property can be up to 15 years, which gives the borrower ample time to repay the loan.

Attractive interest rates

Loan Against Property generally offers more competitive interest rates when compared to unsecured loans.

Enhanced borrowing capacity

Based on the property's value, the borrower becomes eligible for a larger loan amount.

Extended repayment period

The borrower benefits from a repayment tenure of up to 15 years, providing ample time to repay the loan. (Please confirm the specific year for the maximum tenure.)

Loan Against Property Eligibility

*For full KYC, kindly visit the nearest India Shelter branch.
*Ensure all documents are valid and not past their expiry date (in the case of Driving License and Passport).
Who can Apply

Property Ownership

To be eligible for mortgage loan, the borrower must own a residential property, which will serve as collateral.

Property Value

The property's value should meet the lender's specified minimum value requirement for Loan Against Property.


The borrower should be between 18 and 70 years old at the start of the mortgage loan term.


A regular source of income with a minimum annual income, as set by the lender, is necessary for the borrower.

Credit Score

The mortgage loan amount available depends on the borrower's eligibility and credit score. Higher eligibility and credit scores result in a higher loan amount. Additionally, customers with a credit score of (-1) are also eligible for funding.
Documents Required

Identity proof for Salaried People

PAN Card is mandatory, and any one of these:
  • Passport
  • Voter ID
  • Aadhar Card
  • Driving License

Address Proof for Salaried People

  • Passport
  • Voter ID
  • Aadhar Card
  • Electricity bill/ water bill/ telephone bill
  • Driving License

Proof Of Income for Salaried People

  • Salary Slips/Bank Statement/Form 16
  • Salary Certificate

Other Documents for Salaried People

  • Signed Application Form with Picture
  • Cheque For Processing Fee
  • Bank Statement of Last 6 Months

Property Documents for Salaried People

  • Title Deeds of the Property
  • Proof of No Encumbrances on the property

Identity proof For self-employed people

Your PAN Card is mandatory, and any one of these:
  • Passport
  • Voter ID
  • Aadhar Card
  • Driving License

Address Proof For self-employed people

  • Passport
  • Voter ID
  • Aadhar Card
  • Electricity bill/ water bill/ telephone bill
  • Driving License

Proof Of Income For self-employed people

  • IT Returns and/or Financial Statements of last 3 years And/or
  • Informal Income Documents

Other Documents For self-employed people

  • Signed Application Form with Picture
  • Cheque For Processing Fee
  • Proof of business existence

Property Documents For self-employed people

  • Title Deeds of the Property
  • Proof of No Encumbrances on the property

Reviews and Ratings

Authentic experiences through the voices of our valued customers

Tara Chhetri


Tara Chhetri, a resident of Zirakpur, who runs her restaurant in Dhakoli with her husband. To expand their business, they approached multiple financial companies for acquiring business loans but none of their offerings fit their requirements. After hearing about India Shelter from her friend, she applied for a LAP with us. Having secured a loan against property (LAP) for her business, Tara has experienced unprecedented growth.

Nisha Dangre

Vrindavan Nagar, Nagpur

A home of your own makes you feel independent, that’s what Nisha Dangre, a resident of Nagpur, believes in. She always dreamt of owning a home but never thought it would be possible owing to income constraints and excessive paperwork. By opening the door of hope, India Shelter helped her in achieving her dream.

Vaishanvi Nikhil Bangre

Rajendra Nagar, Nagpur

Vaishanvi Nikhil Bangre is a resident of Nagpur who aspires to build the future of students by teaching students via coaching classes.As the no. of students expanded, Vaishanvi faced the space challenge while teaching students. She approached many banks to add some extra length and breadth to her coaching infrastructure but was disheartened due to the tedious loan approval process and documentation. She got to know about India Shelter via Facebook. After seeking hassle free loans, she has successfully revamped her institute. Now, she is happily teaching and transforming the lives of several students with her unflinching and sheer efforts.

Sanjay Prakash


Mr. Sanjay Prakash has been living in Banore over the past 11 years where he has bought a piece of land over 5 years ago but due to a shortage of money and increasing day today expenses, he wasn’t able to build his dream home. He came to know about India Shelter from one of his friends. After approaching India Shelter, all his loan requirements were met without any problem.


Who can avail Loan against Property from India Shelter?

Any Resident Indian Individual, partnership firms or companies can apply for a LAP with India Shelter.

What are the documents required to apply for Loan against property with India Shelter?

Along with application form, following documents are required to be submitted:
  • Proof of residence
  • Proof of identity
  • Certified/latest financial documents
  • Copies of all property documents (Need to check)

Can I use the funds obtained from Loan Against Property (LAP) for any purpose?

Yes, funds obtained through LAP can be used for various purposes, such as business expansion, debt consolidation, education expenses, medical emergencies, or personal needs.

How does Loan Against Property work?

Loan Against Property is a secured loan where borrowers pledge their property as collateral to avail funds. The loan amount is determined based on the property's value and the borrower's repayment capacity.

What is the security that I need to provide to get a Loan Against property (LAP)?

The property against which the loan is being taken is the actual security that needs to be provided to avail the said loan option.

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