LOAN AGAINST PROPERTY
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Get the right financial support to grow, expand, and manage your business with ease.
Loan against property in Chennai is a smart financial solution for individuals and businesses looking to unlock the value of their residential or commercial property. At Enrich Solution, we help you secure high-value funding with low interest rates, longer tenure, and flexible repayment options through leading private banks.
We offer high loan amounts at competitive interest rates, ensuring you get maximum value for your property without selling it. With flexible repayment options and longer tenures, managing EMIs becomes easier and stress-free. The loan process is designed to be quick and transparent, with minimal paperwork and hassle-free approvals.
Your property acts as collateral, keeping the loan secure and accessible, while our expert team guides you through every step of the journey.
Unlock the Power of Your Assets
At Enrich Business Solution, we help you turn your property into an opportunity with our Loan Against Property (LAP) solutions. By leveraging the value of your residential or commercial property, you can access funds for multiple needs—whether it’s business expansion, higher education, medical expenses, or debt consolidation.
We offer competitive interest rates, flexible repayment options, and longer tenures to ensure your EMIs fit comfortably within your budget. The process is simple and transparent, with minimal paperwork and faster approvals, so you can focus on your goals instead of the stress of financing.
Since your property serves as collateral, you can access higher loan amounts without giving up ownership. Our expert team guides you at every step, ensuring a smooth and reliable borrowing experience.
With Enrich Business Solution, a Loan Against Property means unlocking financial freedom while keeping your assets secure.
Eligibility Criteria for Home Loan
Lenders usually set their home loan eligibility criteria based on the following factors:
Residential Status: Resident Indian and Non-resident Indian
Age Limit: 18 years to 70 years
Employment Type: Salaried, Self-employed Professional and Self-employed Non-Professional
Interest Rate: 2.5% – 3.5%
Loan Amount to: 50 Lakhs – 50 Cr
Property Type: Residential, Commercial and Industrial properties are eligible to be pledged as collateral. Lenders will also consider the age and condition of the property before accepting the property as collateral.
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Calculator Information
The Equipment Finance Calculator calculates the type of repayment required, at the frequency requested, in respect of the loan parameters entered, namely amount, term and interest rate. The Product selected determines the default interest rate for personal loan product. The Equipment Finance Calculator also calculates the time saved to pay off the loan and the amount of interest saved based on an additional input from the customer. This is if repayments are increased by the entered amount of extra contribution per repayment period. This feature is only enabled for the products that support an extra repayment. The calculations are done at the repayment frequency entered, in respect of the original loan parameters entered, namely amount, annual interest rate and term in years.
Calculator Assumptions
Length of Month
All months are assumed to be of equal length. In reality, many loans accrue on a daily basis leading to a varying number of days interest dependent on the number of days in the particular month.
Number of Weeks or Fortnights in a Year
One year is assumed to contain exactly 52 weeks or 26 fortnights. This implicitly assumes that a year has 364 days rather than the actual 365 or 366.
Rounding of Amount of Each Repayment
In practice, repayments are rounded to at least the nearer cent. However the calculator uses the unrounded repayment to derive the amount of interest payable at points along the graph and in total over the full term of the loan. This assumption allows for a smooth graph and equal repayment amounts. Note that the final repayment after the increase in repayment amount.
Rounding of Time Saved
The time saved is presented as a number of years and months, fortnights or weeks, based on the repayment frequency selected. It assumes the potential partial last repayment when calculating the savings.
Amount of Interest Saved
This amount can only be approximated from the amount of time saved and based on the original loan details.
Calculator Disclaimer
The results from this calculator should be used as an indication only. Results do not represent either quotes or pre-qualifications for the product. Individual institutions apply different formulas. Information such as interest rates quoted and default figures used in the assumptions are subject to change.
Loan Interest Rate Calculator
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
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All You Need to Know About Loans Against Property
What is a Loan Against Property (LAP)?
Who is eligible to apply for a Loan Against Property?
Can I use the loan for personal as well as business needs?
How much loan amount can I get against my property?













