Loan Against Property Eligibility

IIFL Home Loans has three different offerings under Loan against property(LAP) basis loan requirement and property details. Under Regular LAP, high value properties can be financed. One can take maximum loan upto Rs 10 crore* and enjoy tenure as long as 15 years coupled with simple repayment options.

Our customized product 'Sammaan' suits small size financial needs of varied profiles. Maximum loan amount can be upto Rs 35 lakhs*. Not only self- employed doctors, architects, chartered accountants and other professionals can leverage this product but also smaller set-up owners like a kirana, a mobile store or a restaurant can also benefit from this offering.

Sammaan Plus LAP is designed to ensure that we are able to serve customers in all society segments and of varied profiles from an ice-cream vendor to watch repair store manager. Under this product, all smaller sized financial needs upto Rs. 20 lakhs are catered.

Given below are the eligibility parameters under each variant


Any Resident Indian Individual (salaried/ self-employed) can apply. The co-applicants can be close relatives, partnership firms, or even a Private Limited Company.

In case where income is considered, minimum age at loan inception is 21 years and loan maturity is 65 years. If income is not considered, minimum age at loan inception is 18 years.

Product TypeRegular LAP
Minimum Loan Amount (non metro) (INR)25 lakhs
Minimum Loan Amount (metro) (INR)35 lakhs
Maximum Loan Amount (non metro) (INR)10 crore
Maximum Loan Amount (metro) (INR)10 crore
Maximum Tenure (Years)15

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