JSR Financial

Overview

What is a Mortgage Loan?

A Mortgage Loan (Loan Against Property — LAP) is a secured loan where residential or commercial property is mortgaged to the lender. It provides higher loan amounts and longer tenures compared to unsecured loans, useful for business expansion, large purchases, or debt consolidation.

Loan Amount

₹5 Lakhs – ₹10+ Crore (depends on property valuation & LTV)

Tenure

Up to 240 months (20 years) typically

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Types of Mortgage Loans

Loan Against Residential Property
Loan Against Commercial Property
Buy-to-Let / Investment Property Loans
Top-Up Loans on existing mortgage
Balance Transfer of existing LAP

Key Benefits

Higher loan amounts (LTV typically 50%–75% depending on lender)
Longer tenures leading to affordable EMIs
Lower interest rates vs unsecured loans
Funds usable for business expansion, refinancing, or capital expenditure

Eligibility

Who can apply?

Eligibility depends on lender policy and property valuation; general norms are below.

Individual / Proprietor / Self-Employed

Age typical 25 – 70 years at loan maturity
Clear title of property to be mortgaged
Minimum income / vintage depending on lender
Good credit history & bank conduct

For Companies / Firms

Registered entity with valid ROC / GST compliance
Audited financials & acceptable cash flows
Property documents in order; clear legal status
Promoters/directors with good credit records

Documentation

Documents Required

Final checklist depends on lender & property type; common documents listed below.

Property Documents

Title deed / Conveyance deed
Mother deed / chain of title (if applicable)
Property tax receipts / municipal receipts
Approved building plan / completion certificate
Occupancy certificate (if applicable)

KYC & Financial Documents

PAN, Aadhaar, Address proof of applicant(s)
Last 2–3 years ITRs & audited financials (business applicants)
Last 12 months bank statements
Occupancy / possession proof (if applicable)
Passport photos, company documents (if applicable)

Ready to Apply for a Mortgage Loan?

Quick online application • Guidance from our loan counselors • Secure and transparent process

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