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Loan Against Property

A loan against property is a secured loan that offers Finance and has a flexible repayment period. Ummeed housing is among the reputed NBFCs providing finance against property where you can get a Loan Against Property while also taking care of your financial needs without giving up ownership or possession of the property. So, if you require financial aid and want to learn more about Loan Against Property, and the many advantages, and benefits of LAP, you've come to the right place. Apply for a loan against property online now!

Loan Against Property

  • Loan against built up residential and commercial properties.
  • Loan for Salaried & Self Employed borrowers
  • Loan amount from 3 lakhs to 25 lakhs.
  • Tenure from 2 years to 7 years.
  • Borrower should have a bank account.
  • Customer should be more than 25 years of age and not more than 65 years at the time of loan maturity.
  • Should be residing in a city where UMMEED HOUSING FINANCE has an office.
  • Guarantor not mandatory.
  • All the owners of the financed property and all individuals whose income has been considered for the loan have to be the co-applicants to the loan.
  • Loans can be taken for the following end uses :
    1. Purchase/Acquisition/Renovation of property.
    2. Higher Education of children.
    3. Medical expenses of family.
    4. Travel Purpose.
    5. Balance Transfer of existing Loan against Property.
    6. Any other lawful end use.

Features and Benefits

  • Loan amount from 3 lakhs up to 25 lakhs.
  • Tenure from 2 years to 7 years.
  • Tax Benefits on LAP Loan.
  • Manage huge expenses at an affordable rate.
  • Few documents required.
  • Fast Sanction and Approval.
  • You can use funds for personal use.


A loan against property is a type of loan that is secured by using a property as collateral.
Yes. You can avail of the Ummeed Housing Finance Loan Against property loan as a co-owner of a joint property, but all co-owners must be co-applicants for the loan account as well.
A loan against property works by using a property as collateral for the loan. The lender will assess the value of the property and offer a loan amount based on a percentage of the property value.
The eligibility criteria for a loan against property typically include having a steady income, a good credit score, and owning a property that can be used as collateral.
Documents typically required for a loan against property include proof of income, proof of identity, proof of ownership of the property, and property documents such as the sale deed and property tax receipts.
Yes, you can get a loan against property for a self-occupied or rental property.