Loan Against Property (LAP)

loan against property in rural area
  • Avail loan by mortgaging your residential property.
  • Get loan of upto Rs 25 lakhs with maximum tenure of 15 years.
  • Loans available fo the purpose of business, children's education, wedding or any other personal use.
  • Eligibity & Documentation

    We at SMHFC understand that every customer has varied needs, sources of income and documentation availability. We provide tailor-made solutions based on customer requirements. The final eligibility of a customer is decided on a number of factors including (but not) restricted to income stability, repayment capacity, past credit record and positive verification.

  • Rate & Charges
    Loan Terms
    Loan Amount Minimum Rs. 1 Lakh & Maximum Rs 25 lakhs Higher amounts can be considered on exception basis.
    Tenor Maximum 15 Years.
    Interest Rate 14 p.a.onwards.
    Processing Fee 2%+ GST of the loan amount.
    Prepayment Charges Nil.
    Loan to Value Maximum 50%.
    Security Equitable Mortgage (by deposit of title deeds) on the property being financed. A registered mortgage may be insisted upon wherever necessary.
    Repayment Through customer's electronic standing instruction (NACH) for all Equated Monthly Installments (EMIs).
    Other Conditions SMHFC will facilitate customers to take a mortgage redemption policy through SMHFC's tie up with HDFC Life. The exact insurance amount will depend on the age, loan amount & loan tenor.
    To read document retrieval and other charges, Click Here
    Swipe Table
  • Calculators
  • FAQs
    • What is a Loan Against Property (LAP)?

      It is a loan which is taken by mortgaging your self owned residential property. You can use this loan for any of your personal or business use. Existing Loan Against Property (LAP) from other banks or financial institutions can also be transferred to SMHFC.

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Planning to take Loan Against Property?

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Customer Speak

Pooja Kumari
Raipur, Chattisgarh.

“I am the only earning member of my family. I always dreamt of my home but never thought it would be possible owing to income constraints and lack of family support.

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Shubham Bahetwar
Yavatmal, Maharashtra.

“I always lived in a kuccha house. SMHFC helped me in financing the construction of a pucca house on my own plot of land.Owing to the informal nature of my work,


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Ravindra Kumar Sen
Arang, Chhattisgarh.

“I have always lived in a joint family setup with 20 family members residing in a very small and congested house. I could never avail a home loan as I stay in the remote town of Arang in Chhattisgarh.

Read more