Apply for loan on HIPL app available on Google Playstore Download Now

  • Quiz
  • CSR
  • Emi Calculator

  • Investors
  • About us
    • Dealer Locator
    • Customer Care
    • Offices
    • RBI IRACP Norms- Impact for NBFCs across Asset Classes
    • Fraud Awareness
logo
  •   Products 
    • Personal Loan
    • Personal loan Interest Rates
    • Documents Required For Personal Loan
    • Personal Loan Eligibility Calculator
    • Personal Loan EMI Calculator
    • Unsecured Personal Loan
    • Personal Loan for Marriage EMI Calculator
    • FAQs
    • Apply Now
    • Salary Advance Loan
    • Personal Loan App
    • Instant Cash Loan
    • Personal Loan for Mobile
    • Short Term Loan
    • Personal Loan for Education
    • Personal Loan For Medical Emergency
    • Personal Loan For Travel
    • Personal Loan for Home Renovation
    • Personal Loan for Marriage
    • Personal Loan for Consumer Durables
    • Personal Loan For Women
    • Quick Loans Online
    • Personal Loan For Doctors
    • Personal Loan For Self Employed
    • Personal Loan For Corporate Employees
    • Personal Loan for Government Employees
    • Personal Loan For Salaried Employees
    • Personal Loan For Chartered Accountant
    • Personal Loan For Defence Personnel
    • Emergency Loan
    • Personal Loan For Teachers
    • Business Loan
    • Business Loan EMI Calculator
    • Business Loan Eligibility
    • Business Loan Interest Rate
    • Documents Required for Business Loan
    • FAQs
    • Apply Now
    • Unsecured Business Loans
    • Bill Discounting Or Invoice Discounting
    • Two Wheeler Loan
    • Two Wheeler Loan Interest Rates
    • Two Wheeler Loan EMI Calculator
    • Documents Required for Two-Wheeler Loan
    • Two Wheeler Loan Eligibility
    • FAQs
    • Apply Now
    • Two Wheeler Loan for Hero Splendor Plus
    • Used Car Loan
    • Used Car Loan Eligibility
    • Documents Required For Used Car Loan
    • Used Car Loan EMI Calculator
    • Used Car Loan Interest Rates
    • FAQs
    • Apply Now
      • Loan Against Property
      • Loan Against Property Eligibility
      • Documents Required For Loan Against Property
      • Loan Against Property EMI Calculator
      • Loan Against Property Interest Rates
      • FAQs
      • Apply Now
        • Loyalty Loan
        • Loyalty Loan EMI Calculator
        • FAQs
        • Apply Now
          • Home Loan
          • Home Loan EMI Calculator
          • Document Required For Home Loan
          • FAQs
            • Insurance
            • Bike Insurance
            • Car Insurance
            • Customer Section
                • PAY ONLINE
                • PAY@STORE
                • PAY FROM ANYWHERE
                • E MANDATE
                • CUSTOMER SERVICE APP
                • MANDATE FACILITIES New
                • Bill Discounting Portal
                • PAY ONLINE
                • MANDATE FACILITIES
              • RBI Kehta Hai
              • Investors
              • Blogs
              • Careers
              • About Us
              Apply Now
              Apply now
              alteenative
              • Home
              • Products
              • Loan Against Property
              • Loan Against Property for Business

              Loan Against Property for Business

              • Loan up to ₹5 Crore
              • Maximum funding on Property Value
              • Quick Sanctioning
              Apply Now
              • Overview
              • EMI Calculator
              • Eligibility
              • Documents Required
              • Interest Rate & Charges

              Loan Against Property EMI Calculator

              Calculate your EMI and choose the most suitable EMI for you

              ₹ 0
              ₹ 0
              ₹ 0
              Apply for Loan Against Property

              Get a Loan Against Property for Business Upto 5 Crore

              Running a business requires a steady flow of funds. Whether operating operations or expanding your venture, unexpected expenses can crop up. A Loan Against Property (LAP) for business can be an effective tool for obtaining the necessary funds to empower your idea.

              Hero Fincorp offers LAP at competitive interest rates. The streamlined application process ensures a quicker turnaround time so you can seize time-sensitive opportunities and keep your business momentum going. So, you can apply for a Loan Against Property to take your business to the next level.

              Features and Benefits of Loan Against Property for Business

              Running a business is interesting yet challenging. You work hard to make your idea a reality. We believe a financial constraint should not diminish your passion. Let a loan against property (LAP) shield you through this journey. Here are some of the benefits of a Loan Against Property for starting a Business:

              high-loan-amount.png
              High Loan Amount

              A Business LAP provides funds equivalent to property value, offering buying power for growth opportunities.

              applicable-rate-of-interest (1).png
              Attractive Interest Rate

              LAPs offer lower rates than commercial loans, freeing cash flow to fuel steady business growth.

              collateral.png
              Quick Loan Procedure

              LAPs streamline the application process, ensuring quick access to funds for time-sensitive business opportunities.

              flexible.png
              Easy Repayment & Longer Tenure

              LAPs offer flexible repayment options and longer tenures, easing cash flow management and reducing stress.

              instant-app.png
              Higher LTV

              LAPs offer higher Loan-to-Value ratios, unlocking more funds to help achieve your business goals.

              Hassle-Free-Loan2.png
              Hassle-free Documentation

              LAPs require minimal, simple documentation, saving you time and effort while building your business dream.

              Eligibility Criteria for Loan Against Property for Business

              To qualify for a loan against property for new business, you'll typically need to meet certain criteria for mortgage loan:

              HFCL_age_icon
              Age

              Your age should not be less than 25 or above 75 years.

              citizenship.png
              Citizenship

              You must be an Indian resident.

              work-experience.png
              Work Experience

              Business ownership experience for a minimum period might be required.

              monthly-income.png
              Monthly Salary

              This criterion might not apply as the loan is secured by property.

              Check Your Loan Eligibility

              Documents Required for a Loan Against Property for Business

              Obtaining a LAP for business is easier with minimal documentation:

              mand-doc.png
              Mandatory Documents

              Duly filled application form, PAN Card
               

              identity.png
              Proof of Identity

              Aadhar Card, ID Card, Driver's License, and Identity Card issued by GOI

              addr.png
              Proof of Address

              Passport, Driver's License, Utility Bill, Voter ID Card, Lease/ Rent Agreement, Registry Copy, Property Tax Receipt, GST Certificate

              ownership.png
              Proof of Business Existence

              GST Certificate, UDHYAM Certificate, Partnership Deed Copy, Trade License, Certificate of Practice

              income.png
              Signature Proof

              Banker's Verification, Passport, PAN Card

              mand-doc.png
              Proof of Income

              Last three years' Income Tax Returns (ITRs), Income Statement, Profit and loss Statement, Balance Sheet, and Bank Account Statement (previous six months)

              mand-doc.png
              Property Related Documents

              Complete set of documents pertaining to the property in question
               

              Interest Rates and Charges of Loan Against Property for Business

              Interest rates on LAP for Business are typically competitive but vary based on your creditworthiness, loan amount, and chosen lender. There might be additional processing fees and prepayment charges associated with the loan. Check the table below for more details:

              Maximum Loan Amount

              ₹20 Lakh to ₹ 5 Cr

              Maximum Loan Tenure

              3 Years (Min.) – 15 Years (Max)

              Interest Rate

              Starting from 11% P.A.

              Processing Fees

              Minimum Processing fee is 1%+ GST

              Foreclosure Charges

              Pre-Payment is not allowed within 12 months of loan sanction After 12 months, pre-payment charges will be applicable as described in the sanction letter

              Read More

              How to Apply for a Loan Against Property for Business?

              Applying for a LAP for business is a straightforward process:

              hfc_app.png

              • 01

                Visit Hero FinCorp website and go to the loan against property page.

              • 02

                Check your eligibility from the eligibility criteria section available on the website

              • 03

                On the mortgage loan page, check for the mandatory documents required for a mortgage loan.

              • 04

                Click the 'Apply now' tab and fill in the required information, and submit the online form.

              • 05

                Once Hero FinCorp is satisfied with your details, their executives will get in touch with you.

              • 06

                You may also apply for a mortgage loan by visiting the nearest Hero FinCorp branch or outlet.

              Apply Now

              Frequently Asked Questions (FAQs)

              A LAP for business is a loan secured by your property that provides funds for business purposes.
              Indian citizens with a minimum age (usually 25 years), property ownership, and a viable business can apply.
              Residential or commercial properties with clear titles can be used as collateral.
              Some lenders may offer prepayment options, but prepayment penalties might apply. Foreclosure is a last resort; consult your lender for details.
              The interest paid on a LAP for a business might be tax-deductible as a business expense.

              loan against property for business Related Blogs

              Loan Against Property

              Loans Against Property

              What Type of Property Can Be Used for a Loan Against Property?
              27 Jun, 2025
              domicile certificate

              Loans Against Property

              What is Domicile Certificate, Required Document, Eligibility, How to Apply & Download Online
              15 May, 2025
              vastu tips for home entrance

              Loans Against Property

              Top 10 Vastu Tips for Home Entrance
              15 May, 2025
              what is possession certificate

              Loans Against Property

              What is Possession Certificate and How To Get It?
              06 May, 2025
              What_Is_An_Adjustable_Rate_Mortgage_ARM_Loan_14819ef228.webp

              Loans Against Property

              What Is an Adjustable-Rate Mortgage (ARM) Loan?
              08 Apr, 2025
              Stamp_Duty_and_Registration_Charges_in_Delhi_cef1ea1ee2.webp

              Loans Against Property

              Stamp Duty and Registration Charges in Delhi
              01 Apr, 2025
              All_You_Need_to_Know_About_Ancestral_Property_add1d360d9.webp

              Loans Against Property

              All You Need to Know About Ancestral Property
              01 Apr, 2025
              What_is_the_Annual_Value_of_Property_and_How_to_Calculate_7540b04da8.webp

              Loans Against Property

              What is the Annual Value of Property and How to Calculate?
              18 Mar, 2025
              Fair_Value_of_Land_Meaning_and_How_to_Calculate_ccefd5a3c3 (1).webp

              Loans Against Property

              Fair Value of Land: Meaning and How to Calculate
              04 Mar, 2025
              gaj_to_bigha_dd05922372.webp

              Loans Against Property

              बीघा को गज में कैसे बदलें? 1 बीघा‌ में कितने गज‌ होते हैं?
              07 Feb, 2025
              View All
              Loan Against Property Key Pages
              • Loan Against Property Overview
              • Check LAP Interest Rate
              • Check Your LAP Eligibility
              • Document Required For LAP
              • Check Your LAP EMI
              Loan Against Property In Top Cities
              • Loan Against Property in Chennai
              • Loan Against Property in Delhi
              • Loan Against Property in Hyderabad
              • Loan Against Property in Ahmedabad
              • Loan Against Property in Bangalore
              Loan Against Property Related Blog
              • What is Mortgage Loan?
              • Mortgage Loan Types
              • Minimum CIBIL Score Required for LAP
              • Tax Benefits From Your LAP
              • Tips to Get LAP Without Income Proof