Aditya Birla Finance Loan against Property

As one of the most reputed non-banking finance companies of India, Aditya Birla Finance has been diversifying its services since 1991 to meet all the financial issues of its customers. Areas like Corporate Finance, Commercial Real Estate and Mortgages, Capital Market, Structured Finance and Mortgages and Infrastructure Project are addressed with a promise of executing valuable transactions.

Your residential and commercial property has a hidden value which can be very well discovered by availing Loan against Property. You can have access to ready funds without selling the invaluable assets with the help of LAP. Weather it is for expansion of business or planning of a dream wedding your own property is capable of fulfilling all your dreams. At Loanstreet you can apply Loan against property online and get a prompt approval with assured satisfaction.

Minimum Threshold For Aditya Birla LAP Eligibility
  1. At least 24 years of age.
  2. Salaried/ Self-employed with regular source of income.
  3. Less than 65 years of age.
Documentation Required For Application Of Aditya Birla LAP

Generally all lenders follow same guidelines for collecting elementary documents. However there may be little variation with subject to specific requirements. Below listed are the documents that is required to process the loan faster. Self Attested copies of Documents are solicited.

  1. The Signed application form duly filled with photograph.
  2. ID/ Age Proof - PAN Card/ Passport/ Aadhar Card and Residence Proof – Passport/ Utility bills/ Bank Statements.
  3. Cheque of Processing Fee.
Salaried Individuals
  1. Last 2 years Form 16 or Income Tax Returns
  2. Last 3 months salary slips
  3. Last 6 months bank statement reflecting salary credits
Self employed Individual/ Proprietorship
  1. Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificates
  2. Last 3 years IT tax returns with profit and loss account and balance sheet duly audited by CA
  3. Latest 12 months bank statement- Savings Account and Current Account
  4. Existing Loans’ Sanction letters accompanied with repayment track
  5. Business profile on the letterhead of the company
Partnership Firm/ Partnership LLP
  • Age proof of all the partners in the form of PAN Card, Passport or Adhar Card
  • PAN Card of the company
  • Residence proof of all the partners –Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • Latest 3 years Income Tax returns with profit and loss and balance sheet duly audited by CA.
  • Latest 12 months bank statement of the Company and of the Partners’ Savings Bank Account
  • Partnership deed
  • Existing Loans’ Sanction letters accompanied with repayment track
  • Business profile on the letterhead of the company
Private Limited / Limited Company
  • Application form duly filled with photographs of directors.
  • Age Proof of Directors- PAN Card, Aadhar Card, passport
  • Residence Proof of Directors- Utility Bills/ Passport/Bank statement/ Registered rent agreement
  • PAN Card of Company
  • Education Qualification- A professional qualification certificate in case of Doctors/CA/Architects
  • Proof of Business- Shop and Establishment Certificate/Vat Registration Certificate/ Service Tax Certificate
  • MOA, AOA, List Of Directors, Share Holding Pattern of the Company
  • Last 3 years IT returns with Profit and Loss account and balance sheet duly audited by CA.
  • Latest 12 months bank statement of Company of all current accounts and the same for Director’s Savings Bank Account
  • Existing Loans’ sanction letter with repayment track of company and Individual Directors
  • Business Profile on the Letter Head of the Company
Property Documents
  • Occupancy Certificate
  • Approved Plan of building
  • Share certificate copy
  • Chain of deeds in case of resale property
  • Property Card
  • Nil Encumbrance Certificate- EC ( if applicable)
  • Current Sale agreement/ Draft Agreement
Aditya Birla Finance LAP Interest Rate
Rate of Interest 12 - 13%
Loan Tenure 5 years to 12 years
Processing Fees 1% of the loan amount + Service tax as applicable
Foreclosure Charges 4% of the Outstanding Amount + Service tax as applicable
Unique Features of Aditya Birla Finance LAP
  • High level of transparency when it comes to informing the customers about the various fees involved in loan inquiry
  • Attractive rate of interest.
  • A prompt and complete hassle free loan approval and also faster processing.
  • The loan can be taken either from commercial or residential property.
  • No prepayment charges would be applied upto the payment of maximum of 25% of the outstanding loan, once in every financial year.
  • Maximum loan amount is Rs 10 Crores
  • Maximum loan tenure is 12 years
  • Minimum loan amount is Rs 25 lakhs