Disclaimer: This calculator is for convenience and illustrative purpose only and is intended to provide information about your approximate
loan eligibility. It does not constitute an offer to extend credit. Your actual loan eligibility may vary. Aditya Birla Finance (ABFL) gives
no warranty, expressed or implied, as to the accuracy, reliability and completeness of any formulae or calculations provided through the use
of this tool and does not accept any liability for loss or damage of whatsoever nature, which may be attributable to the reliance on and use
FAQs for Loan Against Property
Loan against property (LAP) is extended on a pre-owned property (residential or commercial property) for a legitimate end-use that is disclosed upfront.
Self-occupied residential or commercial properties (offices, warehouses, and shops) can be considered as collateral.
The main benefit of LAP is access to liquidity against the mortgage of your existing residential or commercial properties. LAP is an easy tool to leverage your existing assets without compromising on the superior returns they offer.
The purpose of LAP is to take care of all your investments and personal needs and help you meet your contingencies. LAP is an economical and affordable way to bridge any financial need, whether it is business expansion or personal requirements such as education, the marriage of children, family function, medical expenses, and renovation of your home. You can avail LAP for any personal or business purposes, provided the end use is not for any speculative or prohibitive reasons.
Loans can be availed with tenure up to a maximum of 20 years. Repayment will not ordinarily be extended beyond the age of retirement (if you are employed) or on your reaching 60 years of the age, whichever is earlier. However, our endeavour will be to determine the repayment period to suit your convenience.