Can a Female Applicant Apply for the Loan Against Property


You are a female who has a property in your name in one of the major metropolises in India, and you have some urgent financial needs to cover.



You have heard about the concept of the loan against property from many of your friends to get access to money.

However, you are unsure if being a female you can apply for the loan against property (LAP) facility or not.

To clear your concept about the loan against property facility if a female can apply for it or not, you should go through this post. 

What is the Loan Against Property?

The loan against property is an incredible funding facility that lets you grab a huge amount of money from a lender. All that you need to do is pledge your residential or commercial property with a lender. Once you do that, the lender can help you borrow a huge amount of money running into crores. If you are a salaried individual, you can borrow up to Rs.1 crore and up to Rs.3.5 crore if you are self-employed.

What is the Loan Against Property Eligibility?

The loan against property eligibility is simple to meet. Here are some standard LAP eligibility criterions:
1 Your age should be 33-58 (salaried) and 25-70 (self-employed)
2 You should either be salaried or self-employed with a regular source of income
3 You need to be an Indian citizen with properties in major metro cities as specified by your lender
Can a Female Applicant opt for the Loan Against Property?

Anyone, male or female, with an ownership of the property against in his/her name, is eligible to apply for the loan against property facility in India.

What about the Loan Against Property Interest Rates?

The offered loan against property interest rate is lower than personal loans. It is because when lenders hold your property as collateral, the loan becomes secured. As a result, you can grab a lower loan against a property interest rate. Hence, you can pay in smaller EMIs and save huge.

What is the Tenure for the Loan Against Property?

As the LAP is one of the best-secured loan options, the lender lets you opt for a longer tenor. The LAP tenor for salaried individuals is 2-20 years. On the other hand, it is up to 18 years for self-employed. This way, you can easily stretch your borrower amount over a longer tenor and pay smaller EMIs. Hence, it will become easier for you to focus on other things in life than the loan repayment amount.

You are now aware of some of the basics of the loan against the property facility. If you are ready, you should connect with a lender, check the eligibility and apply online.


Bajaj Finserv lets you grab some pre-approved deals on loan against property, personal loans, EMI finance, home loans, and others. When you for them, you can make your overall loan application smooth and faster. You can discover your pre-approved loan offers by sharing a few of your basic personal details such as your mobile number and name.  

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