Maximize Your Property’s Value for Your Needs.

Kenil Fintech offers a secured financing option through Loan Against Property (LAP), enabling individuals to leverage their residential or commercial property as collateral to obtain funds for personal or business purposes. Our diverse range of LAP products ensures that borrowers can select a tailored solution to meet their specific needs.

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Features of LAP

Lower Interest Rates

Flexible Solutions

Transparent Process

Tenure of 15 years

How This Loan Benefits You

Our loan services are tailored to meet all your financial requirements.

Manages capital expenditures effectively

Facilitates business expansion

Addresses unforeseen medical emergencies

Kenil Fintech stands as your trusted platform for securing a Loan Against Property, offering a seamless and efficient process to help you achieve your financial goals.

LAP Eligibility Criteria

Citizenship: Applicant must be an Indian citizen with valid proof.
Employment: Salaried or self-employed professionals with an annual income exceeding Rs. 3 lakh.
Financial Stability: Demonstrated job continuity and stable income to ensure creditworthiness.
Credit Score: A consistent and healthy credit history with a recommended score of 750 or above.
Property Title: Property must be in the applicant's name and free of other mortgage loans.
Collateral: The property is used as collateral. The market value of the property significantly influences the loan terms and amount. While the loan is based on the property's current value, a higher market value is preferred.

Documents Required

PAN Card

Aadhar Card

Residence & ID Proof

Last 3 Months Bank Account Statements

Property Documents

Salary Proof (For Salaried Applicants)

Last 2 years Income Tax Returns

Form 16

Frequently asked questions

What are the eligible purposes for obtaining a loan against your property?

You can utilize the loan against your property for various purposes, including refinancing existing loans. However, the funds cannot be used for speculative or prohibited activities.

For which types of properties can I avail a loan?

You can obtain a loan against your self-occupied or rented residential and commercial properties that you already own. Additionally, you can secure a loan for purchasing commercial properties.

Is it possible to repay the loan before the due date?

Yes, you can repay the loan ahead of schedule. Please consult the applicable schedule of charges, if any, for more information.

How long does it take for LAP approval and disbursal?

The approval and disbursal time for LAP can vary but typically takes between a few days to a couple of weeks, depending on the completeness of the documentation and verification process.