Loan against Property is a secured loan where you pledge your property as collateral to obtain funds from the lender. It is one of the most popular forms of credit among individuals and businesses looking for large sums of money for personal or business needs. Urgent loan against property is a type of loan where the processing time is accelerated to cover sudden or unexpected expenses.

To apply for an urgent loan against property, you need to approach a bank or a non-banking financial company (NBFC) with your property documents and other necessary documents such as identity proof, address proof, income proof, etc. The lender will evaluate your eligibility based on various parameters such as the value of the property, repayment capacity, credit score, etc. Once the evaluation is complete, the lender will disburse the loan amount within a few days.

The interest rate on loan against property depends on the lender, the loan amount, and the tenure of the loan. It is usually lower than other forms of credit such as personal loans or credit cards as it is a secured loan.

It is important to carefully assess your repayment capacity before applying for an urgent loan against property as defaulting on loan payments can result in repossession of your property. Also, it is advised to compare the terms and conditions of various lenders before finalizing a loan deal to get the best possible terms.

Features & Benefits of Loan against Property


  1. Higher Loan Amounts: Loan against property provides higher loan amounts as compared to traditional personal loans.
  2. Lower Interest Rates: Since loan against property is a secured loan, the interest rates are lower as compared to unsecured loans like personal loans.
  3. Longer Tenure: Loan against property allows you to repay the loan over a longer tenure, usually up to 15-20 years.
  4. Easy Eligibility: Loan against property is easier to get as compared to other loans provided that you have a property to mortgage.
  5. Flexible Repayment Options: Lenders offer flexible repayment options with the loan against property. You can choose to pay your EMIs on a monthly, quarterly, half-yearly or yearly basis.


  1. Lower Interest Rates: Loan against property has lower interest rates as compared to other loans like personal loans and credit card loans.
  2. Higher Loan Amounts: With loan against property, you can get a higher loan amount depending on the value of the property you mortgage.
  3. Longer Tenure: You get longer repayment tenure with loan against property, which reduces your EMI and makes it easier to repay the loan.
  4. Quick disbursal: Loan against property takes less time to disburse as the property is already mortgaged, which makes the process faster and simpler.
  5. Lower EMIs: Since you get longer repayment tenure with loan against property, the EMIs are lower as compared to other loans.

Documents Required for Loan against Property

The following documents are generally required for availing a loan against property:

  1. Identity Proof – PAN Card, Aadhar Card, Voter ID, Passport, or Driving License
  2. Address Proof – Aadhar Card, Voter ID, Passport, Utility Bills or Rent Agreement.
  3. Property Documents – Property Title Deeds and Chain of documents, Encumbrance Certificate, Sale Deed, Registration Details, Municipal Approval Plans.
  4. Income Proof – Latest Salary Slip, Income Tax Returns, Bank Statements of last 6 months, TDS Certificate.
  5. Business Proof – Business Registration Certificate, GST Certificate, Shop Act License, Tax Returns.
  6. Bank Statements – 6 months’ bank statement of all accounts held
  7. Property Valuation Report – certified by a Registered Valuer

Additional requirements may apply depending on the lender and the type of loan against property. It is advisable to check with the lender for any specific requirements or documents that need to be submitted.