Kannur Loan Service

About Loan Against Property

A Loan Against Property (LAP) is a secured loan where you mortgage your residential or commercial property to avail funds while retaining ownership. It's an ideal solution when you need substantial funds for business expansion, education, medical emergencies, or other personal needs.

At Kannur Loan Service, we offer customized property loan solutions with minimal documentation and quick approval. Our competitive interest rates and flexible repayment terms make us the preferred choice for property loans in Kannur.

Whether you own a house, plot, or commercial property, we can help you leverage its value to meet your financial requirements without selling your asset.

Key Features

Loan up to 60% of property value
Competitive interest rates
Long repayment tenure up to 15 years
Minimal documentation
Quick approval process
Flexible repayment options
No restriction on end-use
Continue to own and use your property

Eligibility Criteria

Age

Minimum 21 years at loan commencement and maximum 65 years at loan maturity

Income

Minimum annual income of ₹3 lakhs for salaried individuals and ₹2 lakhs for self-employed

Property

Should be self-owned, free from legal disputes, and have clear title deeds

CIBIL Score

Minimum CIBIL score of 650 preferred

Required Documents

Identity Proof

Aadhaar Card, PAN Card, Passport, Voter ID, or Driving License

Address Proof

Aadhaar Card, Utility Bills, Passport, or Rental Agreement

Income Proof

Salary slips (for salaried) or IT returns (for self-employed)

Property Documents

Title Deeds, Tax Receipts, Approved Plan, and NOC if applicable

Loan Agaist Property