Micro LAP
What Is a Mortgage Loan? Types, Meaning, Work & Benefits
Aug 13, 2026 | 4 mins read
Loan Against Property
A Loan Against Property for rural areas is an excellent way to unlock the value of your land or property. We provide rural Mortgage Loans with competitive interest rates starting at 9.00%* per annum and a loan tenure extending up to 20 years. Our rural LAP options ensure quick approvals and disbursement within 72 hours, allowing you to easily access the funds you need.
Loan Against Property EMI Calculator
Results generated by the calculator(s) are indicative in nature.
Preferred loan amount
₹
₹3,00,000
₹7,00,00,000
Interest rate (per annum)
%
9.00%
13%
Loan tenure (months)
%
36 months
240 months
Estimated EMI
per month- ₹ 36,690
Interest payable
₹52,41, 690
Rural LAP Eligibility & Documents Required
Rural LAP Eligibility Criteria
Residency:
Indian resident
Age:
Salaried: 23 years to 70 years
Self-employed: 25 years to 70 years
Profession:
Salaried / self-employed professionals and non-professionals
Other:
Can be increased by adding co-applicant income or other verifiable income sources
List of Documents Required for Rural LAP
Age Proof
Aadhaar Card | PAN Card | Passport
Address Proof
Utility bills (not older than 2 months) | Aadhaar Card | Driving License | Passport | Voter ID etc
Photo ID Proof
PAN and any one of the following- Aadhaar Card| Driving License | Passport | Voter ID | Job card by NREGA | Letter issued by the National Population Register containing details of name and address
Income Proof
Income proofs vary for different professionals across salaried, non-salaried and self-employed.
Please find the easy detailed list of required documents here
a) Salaried
i. Salary slips for the last 3 months
ii. Bank statements for 1 year
iii. Latest Form 16
b) Self Employed: Professionals
i. Latest two ITRs (personal and business) with computation of income
ii. Advance tax challans (if available)
iii. Latest two years of P&L accounts and balance sheets (with schedules), certified by a CA(both perso nal and business)
iv. Bank account statements (current and savings accounts) for the last 1 year
v. Qualification Proof of professionals
c) Self Employed: Non-Professionals
i. Latest 2 years ITRs with computation for individual applicants and co-applicants (ifborrower is an individual)
ii. Bank account statements (current and savings accounts) for the last 1 year
iii. Latest 2 years of audited/CA-certified profit & loss accounts and balance sheets of the firm/company (if borrower is a firm/company)
iv. Proof of Business (GST / Shop Establishment/Udayam Aadhar, etc.)
v. MOA & AOA & Certificate of Incorporation
vi. For Partnership Firm-Partnership Deed
Other documents to be provided as required for disbursement of Loan
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