Loan Against Property (LAP)
Unlock the True Value of Your Property
A Loan Against Property (LAP) is one of the most powerful financing options available when you need substantial funds at comparatively lower interest rates. At Purple Finance, we help individuals and business owners leverage the value of their residential or commercial property to meet large financial requirements—without selling the asset.
Through our association with leading Banks and NBFCs, we offer structured, eligibility-based LAP solutions with transparent terms and expert guidance at every stage.
What Is a Loan Against Property?
A Loan Against Property allows you to pledge your owned residential or commercial property as collateral to secure funding. Since the loan is backed by a tangible asset, lenders typically offer higher loan amounts, longer tenures, and lower interest rates compared to unsecured loans.
Purple Finance ensures that your loan structure aligns with your income, repayment capacity, and long-term financial goals.
Types of Properties Accepted
- Residential properties (self-occupied or rented)
- Commercial properties (offices, shops, showrooms)
- Approved land parcels (subject to lender guidelines)
- Personal Requirements
Properties must have clear ownership, valid approvals, and marketable titles.
Who Can Apply?
Loan Against Property is suitable for:
- Business owners and entrepreneurs
- Self-employed professionals
- Salaried individuals
- Property owners seeking large funding
Eligibility is assessed based on income stability, credit profile, property value, and lender-specific criteria.
Common Uses of LAP Funds
💰 Business growth or working capital
📝 Education expenses (India or abroad)
🏦 Medical emergencies
🏢 Consolidation of multiple high-interest loans
💳 Personal financial requirements
Key Benefits of Loan Against Property
Higher Loan Eligibility
Access larger loan amounts compared to unsecured loans.
Lower Interest Rates
Benefit from reduced interest rates due to asset-backed security.
Flexible Repayment Tenure
Longer tenures help manage EMIs comfortably.
Multi-Purpose Usage
Funds can be used for business expansion, education, medical expenses, debt consolidation, or personal needs.
Retain Property Ownership
Continue using the property while leveraging its value.
Why Choose Purple Finance for LAP?
Choosing the right partner is crucial when pledging a valuable asset.
Our Strengths
- 10+ years of experience in financial services
- 500+ clients supported across Tamil Nadu
- Associated with leading Banks & NBFCs
- Clear, eligibility-based processing
- End-to-end advisory and documentation support
We ensure responsible borrowing with a focus on long-term financial stability.
Documents Commonly Required
While requirements vary by lender, typical documents include:
- Identity and address proof
- Income proof (salary slips / business financials)
- Bank statements
- Property documents (title deed, EC, approvals)
- Credit history
Our team assists with verification to ensure smooth processing.
Our Simple LAP Process
Understand your funding requirement and property details.
Evaluate property value and borrower eligibility.
Identify the most suitable Bank or NBFC option.
Coordinate paperwork and lender approval.
Funds released directly to your account.
Important Notes
- Loan Against Property approval is subject to eligibility, property valuation, and lender policies.
- Loan-to-value ratios and interest rates vary by institution.
- Terms & conditions apply as per Bank / NBFC guidelines.
Leverage Your Property for Smarter Funding
If you own a property and require significant funding with flexible repayment, Purple Finance is here to help you unlock its true potential—safely and responsibly.
