What is a Loan Against Property (LAP)?
A Loan Against Property (also known as a Mortgage Loan) is a secured loan where you pledge your residential, commercial, or industrial property as collateral to get a high loan amount at low interest.
You can use the money for:
✔ Business Expansion
✔ Medical Emergencies
✔ Buying Another Property
✔ Education or Marriage
✔ Debt Consolidation
✔ Any Legal Personal/Business Purpose
Features & Benefits of Loan Against Property
✔ Available Against Your Self-Owned Property
Use residential, commercial, or industrial property to secure a high-value loan.
✔ Multi-Purpose Use
Ideal for both business and personal needs.
✔ Lower Interest Rates
Much cheaper compared to personal loans or unsecured credit.
✔ Long Tenures (up to 20 years)
Flexible EMIs based on your financial comfort.
✔ No Foreclosure Charges on Floating Rates
Close your loan early and save interest.
✔ Tax Benefits
Interest may be exempt under Section 37(1) (for business purposes).
✔ Available for Salaried & Self-Employed
Simple eligibility and fast processing.
✔ Option to Pre-Close Anytime
Save on total interest outgo.
Eligibility Criteria for LAP / Mortgage Loan
Eligibility is similar for both salaried and self-employed borrowers.
You must:
Be an Indian resident
Be at least 21 years old
Have a stable job / business track record
Have a CIBIL score of 650+
Earn minimum:
₹40,000/month (salaried)
₹3 lakh/year (self-employed)
Show strong repayment capacity
Mortgage Loan EMI Calculator – Bharat Finserv
Our LAP EMI Calculator helps you estimate:
Monthly EMI
Total interest payable
Principal vs interest breakup
EMI is based on 3 key factors:
✔ Principal Amount
Higher loan amount = higher EMI.
✔ Interest Rate
Depends on property value, CIBIL score, and repayment capacity.
✔ Tenure
Longer tenure = lower EMI, but higher total interest.
How to Use Bharat Finserv EMI Calculator
Enter the loan amount
Enter interest rate
Enter tenure
Instantly get the EMI and repayment summary
You can adjust tenure to match your ideal EMI.
Why Consider a Mortgage Loan?
If you're tired of repeated bank visits, delays, and false promises — Bharat Finserv gives you a fast, transparent, and hassle-free loan comparison experience.
✔ Zero bias
✔ Minimal paperwork
✔ Quick processing
✔ Best-rate comparison from multiple lenders
Documents Required for LAP / Mortgage Loan
For Salaried Applicants
ID Proof (PAN / Aadhaar / Passport / Voter ID)
Address Proof (Aadhaar / Ration Card / Voter ID / Bank Passbook)
Residence Ownership Proof (Property Papers, Electricity Bill)
Income Proof (Payslips, Employment Certificate)
Last 6 months’ bank statement
For Self-Employed
ID Proof
Address Proof
Business Proof (GST Certificate, Business Registration, ITR)
Last 3 years ITR
Balance Sheet & Tax Audit Report
Office Address Proof
Charges You Should Know
Processing Fee
Charged for application evaluation (varies by lender).
Foreclosure Charges
Floating Rate Loan: Usually no charges
Fixed Rate Loan: May have 2–4% charges
Other Standard Charges
Late payment charges
Legal & valuation fees
Technical inspection charges
Stamp duty
How to Apply for Loan Against Property at Bharat Finserv
Visit Bharat Finserv Website
Go to Loans → Loan Against Property / Mortgage Loan
Enter your details (Name, Property City, Income, etc.)
Click Submit
View best LAP offers from top lenders
Select the plan that fits your requirement
Submit required documents
Your application is forwarded to the lender
A bank representative contacts you within hours
📞 Need Help With LAP / Mortgage Loan?
Our experts will help you choose the best lender, lowest rate, and fastest approval.
📍 Bharat Finserv
101 Sainath Apartment, Jaitpura, Varanasi
🌐 Website: www.bharatfinserv.online
✉️ Email: bharatfinservinfo@gmail.com