Features and Benefits of our Loan Against Property

At Wealth Avenue, we assist customers by connecting them with banks and NBFCs offering Loan Against Property options, based on eligibility and property details. The following features are indicative and subject to lender policies.

Flexible Loan
Eligibility

Loans value from Rs.10
Lakh to Rs. 5 Crore

Loans against commercial,
residential or industrial property

Loan for your business as
well as personal needs

Key Features

• Flexible Loan Options: Loan Against Property options are offered by banks and NBFCs with flexible structures, depending on applicant profile and property valuation.
• Loan Amount Range: Eligible applicants may access loan amounts typically ranging from ₹10 lakh up to ₹5 crore, subject to lender assessment and property value.
• Multiple Property Types Accepted: Loans may be considered against residential, commercial, or industrial properties, as per lender norms.
• Use for Business or Personal Needs: LAP options can be utilised for business expansion, working capital, education, medical expenses, or other personal or professional needs, subject to lender conditions.

Key Benefits

• Secured Loan Structure: Since the loan is secured against property, lenders generally perceive lower risk, which may result in comparatively favourable interest rate options.
• Higher Loan Eligibility: Loan amounts are determined based on the market value of the pledged property, often allowing access to higher amounts compared to unsecured loans.
• Longer Repayment Tenure: Repayment tenures are typically longer than personal loans, often ranging from 5 to 20 years, as per lender policies, helping manage EMIs effectively.
• Multipurpose Usage: LAP funds can usually be used for multiple purposes without strict end-use restrictions, subject to lender terms.
• Potential Credit Profile Improvement: Timely repayment, as per agreed terms, may positively impact the borrower’s credit profile over time.

Important Disclosure

Wealth Avenue Consultancy Services Pvt. Ltd. acts only as a loan intermediary. We do not provide loans or guarantee approvals. All loan amounts, interest rates, tenure, eligibility, and disbursal decisions are made solely by the respective bank or NBFC.

Eligibility Criteria for Loan Against Property (Indicative)

Eligibility for a Loan Against Property (LAP) is determined solely by the respective bank or NBFC based on internal policies and risk assessment. The following are common criteria generally considered by lenders:

Nationality

• Applicant must be an Indian citizen, with valid identity and address proof as required by the lender.

Occupation and Income Stability

• Applicants are required to provide details of their occupation, income, and financial stability.
• Lenders assess income continuity to evaluate repayment capacity and creditworthiness.

Credit History

• A three-digit credit score and past repayment behaviour play an important role in eligibility assessment.
• A healthy credit history may improve approval chances and loan terms, subject to lender policies.

Banking Relationship

• A stable banking relationship and satisfactory past dealings with financial institutions may positively influence eligibility.
• Existing relationships may help in receiving favourable terms related to loan amount, interest rates, tenure, and applicable charges, as per lender discretion.

Market Value of the Property

• Loan amount eligibility is assessed based on the current market value of the property offered as collateral.
• The market value of the property must generally exceed the loan amount sanctioned, as determined by the lender’s valuation.

Property Ownership and Title

• The applicant must be the legal owner of the property proposed as collateral.
• In case of joint ownership, clear title documentation for all co-owners is required.
• The property should be free from existing encumbrances, unless otherwise permitted by the lender.

Important Disclosure

Wealth Avenue Consultancy Services Pvt. Ltd. acts only as a loan intermediary. We do not assess eligibility or approve loans. All eligibility decisions, valuations, and loan terms are determined solely by the concerned bank or NBFC.

EMI Calculator

For Salaried Individuals

For Self-Employed Individuals

Additional Documents for Balance Transfer

If you're transferring an existing loan to Wealth Avenue’s partner bank/NBFC for a better rate:

Top-up Loan cases may require fresh income and property documents depending on the request.

Balance Transfer Calculator

Business Loan Features

Features and Benefits of our Business Loan

• Flexible Loan Amounts: Choose the loan size that fits your business needs—big or small.
• Customizable Repayment Tenure: Repay over a period that suits your cash flow, typically 1 to 5 years.
• Secured or Unsecured Options: Opt for collateral-free loans or secure better terms with collateral.
• Competitive Interest Rates: Rates vary based on credit profile and loan type, often with flexible options.
• Quick Approval & Disbursal: Many lenders offer fast processing so you can access funds when you need them.
• Minimal Documentation: Simplified paperwork makes it easier for small businesses to apply and qualify.

Business Loan Eligibility (Indicative Criteria)

Business loan eligibility is determined solely by banks and NBFCs based on internal credit policies. The following are common parameters generally considered by lenders while evaluating business loan applications:

Eligible Applicant Types

• Micro, Small and Medium Enterprises (MSMEs)
• Sole Proprietorships
• Partnership Firms
• Limited Liability Partnerships (LLPs)
• Private Limited and Public Limited Companies

Age Criteria

• Applicant age is generally required to be between 21 and 70 years at loan maturity, subject to lender policies.

Turnover Requirements

• Businesses are typically required to have a minimum annual turnover of ₹1 crore or above, depending on the lender and loan amount.

Business Vintage

• A minimum of 3 years of continuous business operations is commonly required by lenders.

Financial Health

• Businesses are generally expected to demonstrate positive net worth and consistent cash profits, as assessed through financial statements and bank records.

Important Disclosure

Eligibility parameters are indicative and may vary based on lender policies, industry type, and business profile. Wealth Avenue Consultancy Services Pvt. Ltd. acts only as a loan intermediary and does not decide eligibility or approve loans. All final decisions are made by the respective bank or NBFC.

Personal Loan Features

Features and Benefits Through Our Lending Partners

• No Collateral Required: Access funds easily without pledging any assets—completely unsecured.
• Multi-purpose Usage: Utilize the loan for travel, education, weddings, home renovations, medical expenses, or any personal need, with no end-use restrictions.
• Quick Approval & Disbursal: Benefit from fast loan approvals and timely disbursal with minimal documentation.
• Flexible Repayment Tenure: Select a repayment plan that aligns with your budget, typically ranging from 1 to 5 years.
• Potential Credit Score Improvement: Timely repayment of EMIs can support better credit history and overall financial health.

Personal Loan Eligibility

Before applying for a personal loan through our lending partners, check if you meet the eligibility criteria:

Who Can Apply

Eligible salaried employees from the following sectors:

• ✅ Government Sector: Central Government, State Government, Railways, Police, PSUs
• ✅ Defence Sector: Defence Services, Indian Coast Guard, Central Armed Police Forces
• ✅ Corporate Sector: Private or Public Limited Companies

Minimum Service Requirement

• 🏛️ Government/Defence Employees: Minimum 6 months of continuous service
• 🏢 Corporate Sector Employees: Minimum 12 months of continuous service

Age Criteria

• 🎂 Minimum Age: 21 years
• 🎂 Maximum Age: 60 years

Minimum Net Monthly Salary

• 🏛️ Government/Defence Sector: ₹20,000
• 🏢 Corporate Sector: ₹25,000

Loan Amount Eligibility

• 💵 Minimum Loan: ₹1 lakh
• 💵 Maximum Loan: ₹35 lakh