What is a Loan Against Property (LAP) for Business?
A Loan Against Property (LAP) is a secured loan where you mortgage your residential or commercial property to raise funds for your business. The funds can be used for expansion, equipment, working capital, or new ventures.
At Vizzve Finance, we help business owners get the best offers from top NBFCs and banks with quick approval, flexible tenure, and low interest rates.
Key Features of Business LAP
| Feature | Details |
|---|---|
| Loan Amount | ₹5 Lakhs – ₹5 Crores |
| Interest Rate | Starting from 9% p.a. |
| Tenure | Up to 15 years |
| Collateral | Residential, commercial, or industrial property |
| Usage | Business expansion, equipment, inventory, etc. |
| Processing Time | 3–7 working days |
Benefits of Loan Against Property for Business
💰 Higher loan amount than unsecured loans
🏦 Lower interest rate than personal/business loans
🔄 Flexible repayment tenure (up to 15 years)
🔐 Property remains in your name
💼 Best for working capital or long-term business needs
Documents Required
Aadhaar and PAN of business owner
Business PAN / GST certificate
Income proof / ITRs for 2 years
Property documents with title proof
Bank statement (last 6 months)
Who Can Apply?
Proprietors, partnership firms, or Pvt Ltd companies
Self-employed professionals
SMEs/MSMEs with property ownership
Business owners looking to scale
Why Vizzve for Business LAP?
🔍 Compare top offers across NBFCs & banks
💼 Dedicated business loan advisor
🧾 End-to-end digital documentation
⚡ Fast approvals & transparent process
🔄 Customized loan structure as per business needs
Real-Life Example
Arun owns a small manufacturing unit in Coimbatore. He needed ₹50 lakhs to purchase machinery. Using his warehouse as collateral, he secured a LAP at 9.5% interest through Vizzve Finance, saving lakhs in interest vs. unsecured business loans.
FAQs
Q1. Is my property safe during a Loan Against Property?
Yes. You retain ownership and possession. The lender only holds the title as collateral until repayment.
Q2. Can I get a LAP if the property is jointly owned?
Yes, with the consent of all co-owners.
Q3. Is LAP better than an unsecured business loan?
If you need a larger amount for longer tenure at a lower rate, LAP is ideal.
Published on : 24th July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed