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Loan Agreement Against Property

At a glance

Price
₹399 · GST included
Stamp duty
Stamp under whichever article fits the agreement's actual contents (Punjab/Chandigarh) — separate from the mortgage's, title-deed memorandum's or hypothecation's own duty.
Registration
No property interest transferred by itself.
Witnesses
Contractual — s.59's two-witness rule binds the mortgage, not every loan agreement.

₹399

GST included

Launch period: downloads are free for now. The prices shown apply once payments open.

Guided questions, full draft on screen, download in Word.

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Also called

  • LAP agreement
  • property-backed loan agreement
  • mortgage-backed loan contract

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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Why you need it

When you need it

Document a loan against property: the credit agreement sets commercial terms; a separate mortgage/security instrument secures it. State facility type, amount, interest structure, tenure, permitted end use, fees, prepayment, default and security form — don't label it a mortgage unless it meets mortgage formalities. RBI's floating-rate EMI framework requires disclosing benchmark-reset impact and options, with transparent charges — share the Key Fact Statement too. Keeping the two instruments separate lets each carry its own stamp/registration treatment.

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

Stamp under whichever article fits the agreement's actual contents (Punjab/Chandigarh) — separate from the mortgage's, title-deed memorandum's or hypothecation's own duty. Buy on/before signing (s.17); unclear article, get Collector adjudication (s.31). Under-stamped, it's inadmissible until the deficiency and penalty are paid (s.35).

Registration

No property interest transferred by itself. Register the separate mortgage when s.59/s.17 requires it.

Notarisation

Not required unless the lender has its own attestation process.

Witnesses

Contractual — s.59's two-witness rule binds the mortgage, not every loan agreement.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

Sample preview — placeholder answers, not your data

LOAN AGREEMENT AGAINST PROPERTY

Agreement date: 1 April 2026

Borrower: Aarav Sharma, Sector 21, Panchkula. Lender: ABC Bank Ltd, Sector 17, Chandigarh. Loan reference: HL-2026-118.

FACILITY

Type: Term loan against property. Principal: ₹90,00,000 (Rupees Ninety Lakh only). Interest: 9.25% per annum; rate type Floating rate linked to identified benchmark. Benchmark/spread: Repo-linked benchmark + 2.75% Term: 120 months. Initial instalment: ₹1,15,000 (Rupees One Lakh Fifteen Thousand only)

END USE

Permitted end use: Business working capital; no speculative or prohibited use..

SECURITY

Property: Plot 118, Sector 66, SAS Nagar, Punjab (Residential house/plot), Plot 118, Sector 66; conveyance deed 2345/2022., in Punjab; value/reference context ₹1,50,00,000 (Rupees One Crore Fifty Lakh only). Security form: Registered simple mortgage.

COSTS AND RATE RESET

Fees/charges: Processing fee as KFS; legal/valuation at actual disclosed amount.. Prepayment: As disclosed in lender KFS/loan terms and applicable RBI directions. Floating-rate reset disclosure: Lender will communicate benchmark reset impact and borrower options as required.

DEFAULT

Events: Non-payment, material misrepresentation, unauthorised disposal/security impairment.. Remedies are exercisable only through the valid security documents and applicable law.

Questions about this document

Does the Loan Agreement Against Property need stamp paper or stamp duty in Punjab and Chandigarh?

Stamp under whichever article fits the agreement's actual contents (Punjab/Chandigarh) — separate from the mortgage's, title-deed memorandum's or hypothecation's own duty. Buy on/before signing (s.17); unclear article, get Collector adjudication (s.31). Under-stamped, it's inadmissible until the deficiency and penalty are paid (s.35).

Does the Loan Agreement Against Property need registration in Punjab and Chandigarh?

No property interest transferred by itself. Register the separate mortgage when s.59/s.17 requires it.

What does the Loan Agreement Against Property cost on Kaagazaat?

₹399, GST included.

Launch period: downloads are free for now. The prices shown apply once payments open.

Does the Loan Agreement Against Property need witnesses?

Contractual — s.59's two-witness rule binds the mortgage, not every loan agreement.

Often needed with this document

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