Finpage's LAP module runs the full lifecycle of a secured property loan — from collateral scoping to mortgage creation to post-disbursement monitoring — with the legal, valuation, and LTV controls NBFCs actually need.
LAP is not a variant of personal loans. The collateral side is its own discipline — valuations, legal scrutiny, mortgage creation, registration. Finpage treats it that way.
Residential, commercial, industrial, and land sub-types. Capture survey numbers, built-up area, FAR, encumbrance history, and linked title chain in a single record.
Two independent valuer reports required above threshold. Finpage manages valuer panel, assignment SLAs, reports upload, and picks the lower-of-two per policy for sanction.
Title search report workflow, legal opinion capture, chain-of-title linkage, and encumbrance certificate (EC) period-of-search tracking — all evidenced and auditable.
LTV caps by property type, tier of city, borrower profile, and tenure. Configurable per product. Hard-blocks exceeding cap; soft-flags for deviations requiring approval.
Equitable mortgage via MoDT, registered mortgage, or hypothecation — workflow-driven with deed generation, stamp duty calculator, registrar appointment tracking, and CERSAI filing.
Full disbursement, tranche-based for construction LAP, builder-paid disbursement, and direct-to-vendor flows. Each linked to milestone evidence — you can't pay without proof.
Up to six co-applicants per loan with independent KYC, income, bureau pulls, and signature capture. Joint liability controls, relation-to-primary, and co-owner mapping on collateral.
Customer-initiated part-prepayments with re-amortisation or tenure reduction. Foreclosure with charge-lifting workflow — CERSAI de-listing, deed release, registrar cancellation.
Annual property revaluation, insurance renewal tracking, property tax verification. Breach events (insurance lapsed, LTV drift) raised as exceptions to the credit team automatically.
From first enquiry to mortgage registration, every step has defined SLAs, evidence requirements, and approval gates. Nothing slips through cracks.
Customer profile, co-applicants, income, property details captured.
Multi-bureau pulls, income verification, banking analysis, deviation noting.
Valuer reports, title search, EC, legal opinion, LTV computation.
Committee review, sanction letter issued, acceptance captured.
Mortgage creation, registration, CERSAI filing, charge confirmation.
NACH setup, funds release, insurance, welcome kit, servicing handover.
LAP is a business of attention to detail. The cost of a missed title defect or an expired EC shows up years later. Finpage removes the human error surface.
Median sanction in 11 days for resi LAP under ₹1Cr. Valuer SLAs are tracked per report; legal opinion follows a structured questionnaire rather than free-form notes.
Every control — LTV, vintage, insurance, tax — is continuously revalidated. When a property tax payment lapses or an insurance policy expires, the system raises an exception the day it happens.
Every deviation, every approval, every legal report and CERSAI reference number is stored against the loan. Export a single PDF dossier per account for inspection walk-through.
Collections, NPA tracking, SARFAESI notices, SMA flagging — all wired to the same loan. No swivel-chair between a LOS and an LMS, no reconciliation weekends.
LAP sits squarely in RBI's gaze. Finpage keeps the module aligned with current guidance — and updates it before you have to ask.
30-minute walkthrough. Bring a sanction letter from a recent loan — we'll reconstruct the flow in Finpage and show the controls that would have fired.