Mortgage Loan Against Property for Salary and Cash Income
Unlock the value of your property with a mortgage loan arranged through our partner housing finance companies, including Aadhar Housing Finance Ltd. Transactions from ₹1 lakh to ₹1 crore are handled for LAP, balance transfer, top-up, plot, construction and house extension — for applicants whose salary comes into a bank account as well as those who receive cash income. Loan ka Sathi is a DSA; approval rests with the lender.
Rate of Interest by Profile
| Profile | ROI | Notes |
|---|---|---|
| Formal salaried (salary in bank) | 9.75% p.a. onwards | T&C apply |
| Cash salaried | 11.99% p.a. onwards | Cash salary considered up to ₹25,000/month |
| SENP & SEP (self-employed) | 11.99% p.a. onwards | Income assessed on banking, ITR and PD |
What You Can Use It For
- Loan Against Property (LAP) on residential or commercial property
- Balance Transfer (BT) of an existing mortgage at a lower rate
- Top-Up loan over your running mortgage
- Funds for business expansion, education or marriage
- Plot purchase, construction and house extension
Key Mortgage Loan Details
- Loan amount
- ₹1 lakh to ₹1 crore
- LTV
- Up to 85–90% on corporation property for formal salaried; up to 90% on all property types
- Tenure
- Up to 30 years, subject to property age and lender norms
- Processing fee
- Formal salaried 1.5% + 18% GST; cash salary & SENP 2% + GST
- Income documents
- Latest 6 months salary slips with latest 6 months bank statement
- No income program
- Available up to ₹25 lakh with mandatory personal discussion (PD)
How Income Is Assessed
- Cash salary accepted up to ₹25,000/month with salary slip or salary certificate
- Pension income (State/Central Govt) with pension order and 6 months bank statement, tenure till 68 years
- Rental income 85% (50% if received in cash); future rental income 50%
- Agriculture income 50%
- Tuition income 100% if shown in the last 3 years' ITR, else 50% on assessment
- Part-time income 50% if reflected in ITR and bank credits
- Running loans closing within 12 months are not counted as obligations
Buying a new property instead? Check our home loan programs or calculate your instalment on the EMI calculator.
Mortgage Loan FAQs
What is a mortgage loan or LAP?
A mortgage loan, also called Loan Against Property (LAP), is a secured loan where you pledge your residential or commercial property as collateral and receive funds for any legitimate personal or business need.
How much loan can I get against my property?
Loans range from ₹1 lakh to ₹1 crore, with LTV up to 85–90% on corporation property for formal salaried applicants and up to 90% on other property types, subject to valuation and lender norms.
Can self-employed applicants get a mortgage loan?
Yes. SENP and SEP profiles are eligible with rates starting from 11.99% p.a. Income is assessed through banking, ITR and a personal discussion where required.
Can I transfer my existing mortgage loan?
Yes. Balance transfer with a top-up is available, which can reduce your interest rate and release additional funds in the same facility.
Explore More
Get your property loan assessed
Tell us your property type, location and income profile on WhatsApp and we will share the eligible loan amount and rate.