Loan Against Property in West Bengal

RBI Registered
RBI Registered NBFC

Check Your Loan Eligibility in Just 2 minutes!

Attractive interest rates
Attractive interest rates
Unsecured Loan upto 5 Crores
Unsecured Loan upto 5 Crores
Approval within 48 Hours
Approval within 48 Hours

Ready to Apply? Here's What You'll Need

Eligibility Criteria

Minimum turnover
₹3 crores
Years of Operation
3+ years
Entities
  • Public Limited
  • Private Limited
  • Sole Proprietorship
  • Partnership

Required Documents

Business Proof
GSTIN
KYC Details
  • PAN Card
  • Aadhaar Card
Financial Documents (last 3 years)
  • Bank Statement
  • Balance Sheet
  • P&L Statement

Our Terms

Interest Rates
Starts from 12% per annum
Processing Fees
Starts from 1% per annum
Penal Interest
Starts from 2% per month + Applicable Tax
EMI & Check Bounce Charges
500 + Applicable Tax

Loan Against Property

BenefitsHow Loan Against Property work?How to ApplyWhy OxyzoFAQsApply Online

Types of Loan Against Property in 2026

Term loan against propertyTerm loan against property

Benefits

Quick disbursal
Quick disbursal
With a 100% digitized process, get loan disbursement within 24-48 hours
Seamless property evaluation
Seamless property evaluation
With easy and seamless property evaluation process, get a fair and faster sanction

Purchase Finance against propertyPurchase Finance against property

Benefits

Quick disbursal
Quick disbursal
With a 100% digitized process, get loan disbursement within 24-48 hours
Interest as per usage
Interest as per usage
The interest would be charged only for the exact amount and duration of use

How does Loan Against Property Work?

How to Apply for a Loan Against Property

Step-by-step online process to apply for Financing
Apply For Credit
1
Check Eligibility
Check your loan eligibility
2
Submit Application
Complete a 100% online application form
3
Get Sanctioned
We will evaluate your application and propose a fair sanction
4
Receive Funds
Get disbursements within 2 days of sanction

Why Oxyzo?

Oxyzo provides new-age customized financing products for your business needs

High loan amount

High loan amount

Competitive interest rates

Competitive interest rates

Flexible repayment tenure

Flexible repayment tenure

Minimal documentation

Minimal documentation

Quick approval process

Quick approval process

Multiple end-use options

Multiple end-use options

Retain property ownership

Retain property ownership

Tax benefits available

Tax benefits available

Get Working capital with Loan against property

West Bengal is a state located in eastern India, known for its rich cultural heritage, picturesque landscapes, and thriving economy. With its rapidly growing manufacturing and SME sector, West Bengal has emerged as a hub of business activity in recent years. However, like any other business, Manufacturers, Contractors & SMEs may require financial assistance to expand their operations, meet working capital needs or overcome temporary cash flow challenges. This is where Oxyzo’s Loan Against Property (LAP) product comes in handy.

Oxyzo’s Loan Against Property is a type of secured loan that is offered against the collateral of an immovable asset such as land or property. It is a popular financial product among Manufacturers, Contractors & SMEs as it allows them to leverage the value of their existing assets to meet their financial requirements. The LAP product from Oxyzo offers several benefits that make it an ideal choice for businesses in West Bengal.

One of the major advantages of Oxyzo’s LAP product is the high loan-to-value (LTV) ratio of up to 150%. This means that businesses can borrow a substantial amount of money by pledging their property as collateral. Moreover, the LAP interest rates offered by Oxyzo are competitive and affordable, making it a cost-effective financing option for businesses.

Another advantage of Oxyzo’s LAP product is the quick disbursal process. Businesses can expect to receive their loan amount within 24-48 hours of applying, which can help them meet their urgent financial needs without any delay. Additionally, the entire process is 100% digitized, ensuring a hassle-free and transparent experience for borrowers.

Oxyzo’s LAP product is designed exclusively for Manufacturers, Contractors & SMEs in West Bengal who require financial assistance to expand their operations, meet working capital needs or overcome temporary cash flow challenges. The product is ideal for businesses that have an existing immovable asset such as land or property that can be pledged as collateral.

In conclusion, Oxyzo’s Loan Against Property product is a valuable financial product for businesses in West Bengal, offering a high LTV ratio, affordable LAP interest rates, quick disbursal, and a 100% digitized process. With Oxyzo, Manufacturers, Contractors & SMEs can leverage the value of their existing assets to meet their financial requirements and grow their businesses.

Frequently Asked Questions

What is a Loan Against Property (LAP) and how does it work?
A Loan Against Property (LAP) is a secured loan where you pledge your residential, commercial, or industrial property as collateral to obtain business funding from Oxyzo. The property remains in your possession -- you retain full ownership and usage rights -- while it serves as security. LAP typically unlocks larger loan amounts at lower interest rates compared to unsecured business loans.
What types of property does Oxyzo accept for LAP?
Oxyzo accepts residential property (houses, apartments), commercial property (office buildings, shops, warehouses), and industrial/land property as security for LAP. The property must be clearly titled and free from encumbrances. Jointly owned properties are also eligible -- all co-owners become joint applicants, or the individual applicant's share is valued to determine the eligible loan amount.
What is the eligibility criteria for a Loan Against Property at Oxyzo?
The business entity must have a minimum annual turnover of Rs 3 crores and at least 3 years of business vintage. A clean credit history is required -- a credit score above 700 is generally favorable. The loan amount is determined based on the market value of the property assessed during Oxyzo's evaluation process.
What documents are required for a Loan Against Property application?
Required documents: KYC (PAN and Aadhaar), GSTIN, last 6 months of bank statements, GSTR details for the current financial year, audited financial statements for the previous 3 years, and original property documents including title deed, encumbrance certificate, and property tax receipts. A property evaluation by an approved valuer will also be conducted.
What are the two types of LAP products offered by Oxyzo?
Oxyzo offers two types of LAP: (1) Term Loan Against Property -- a lump-sum loan disbursed upfront and repaid in fixed EMIs, best for large one-time capital requirements. (2) Purchase Finance Against Property -- a revolving credit line secured by property, where interest is charged only on the amount used and for the actual duration, ideal for ongoing procurement and working capital needs.
How long does LAP approval and disbursement take at Oxyzo?
LAP approval happens within 48 hours for applications with complete documentation. Final disbursement may take slightly longer due to property evaluation and legal due diligence, typically adding 3-7 business days. Once valuation and verification are complete, funds are disbursed within 24-48 hours of final sanction.
How is the loan amount determined for a Loan Against Property?
The loan amount for LAP is determined based on the current market value of the pledged property, assessed by an empanelled property valuer appointed by Oxyzo. The loan is offered as a percentage of this assessed value, known as the Loan-to-Value (LTV) ratio -- typically ranging between 50% to 70% of the property's market value, depending on the property type, location, age, and condition. Residential properties in tier-1 cities may attract a higher LTV than industrial or land properties in smaller towns. The borrower's credit profile and repayment capacity also influence the final sanctioned amount.
Can I take a Loan Against Property for business purposes as well as personal needs?
Yes, Loan Against Property is a multipurpose credit product that can be used for a wide range of purposes. Business uses include expansion of operations, working capital top-up, purchase of machinery or equipment, funding a new project, or managing seasonal cash flow. Personal uses such as education, medical emergencies, or home renovation may also be considered, though Oxyzo's LAP product is primarily positioned for business and SME use cases. The end-use of the loan should be disclosed accurately at the time of application.
What is the difference between a Loan Against Property and a Home Loan?
A home loan is specifically used to purchase, construct, or renovate a residential property -- the property being bought is itself the security. A Loan Against Property (LAP), by contrast, is taken against a property you already own, and the funds can be used for any business or personal purpose. Home loans typically carry lower interest rates (subsidized by government schemes) but are restricted in end-use. LAP offers more flexibility in fund utilization and larger loan amounts for creditworthy borrowers, but at slightly higher interest rates since it is a multi-purpose product.
Will I lose my property if I am unable to repay the Loan Against Property?
As LAP is a secured loan, your property serves as collateral -- in cases of sustained default, the lender (Oxyzo) has the legal right to initiate recovery proceedings against the pledged property under the SARFAESI Act or through civil courts. However, this is a last resort and only pursued after multiple notices and opportunities for the borrower to regularize their account. Oxyzo encourages borrowers facing repayment difficulties to proactively reach out to getsupport@oxyzo.in. Timely communication can help explore restructuring, moratorium, or other resolution options before recovery action is initiated.
Can I apply for a Loan Against Property that is jointly owned with a family member?
Yes, you can apply for LAP against a jointly owned property. In such cases, all co-owners of the property are required to join the application either as co-applicants or co-borrowers -- this is mandatory regardless of who the primary borrower is. If only one co-owner's share is being pledged, the valuation will be based on that individual's proportionate share of the property value. Joint application may also positively impact the total eligible loan amount if the co-applicant's income and credit profile are strong.
Are there tax benefits available on a Loan Against Property?
Yes, there can be tax benefits on a Loan Against Property, though they are subject to the end-use of the funds. If the loan is used for business purposes, the interest paid is typically deductible as a business expense under the Income Tax Act, reducing taxable business income. If the funds are used for personal purposes, the tax treatment may differ. Since tax applicability depends on individual circumstances and how the funds are deployed, it is strongly recommended to consult a chartered accountant or tax advisor to understand the specific tax benefits available in your situation.

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