Loan Against Property

Get a loan against your property at 8.30% p.a. onwards for tenures of up to 25 years. Compare interest rates, Loan Amount and other loan features from multiple lenders and apply for the best Available offers online. by LoansBazaar INDIA Assistance Across India At Your Doorstep Service With 100+ BANK & NBFC Options Available Across India..

Get professional loan assistance across India with Nil Service Charges. Compare suitable loan options from multiple banks & NBFCs with support from eligibility assessment to application processing.

Personal Loan | Home Loan | Business Loan | LAP | Car Loan | MSME Finance & Others

Nil service charges from LoansBazaar India. Lender-specific fees, charges and applicable terms may apply.

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Loan Against Property Eligibility Criteria

The eligibility criteria for availing LAP varies across lenders, below are some general conditions that must be fulfilled to apply for loan against property:

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
Minimum Salary: At least Rs. 12,000 per month
Net Annual Income: At least Rs. 1.5 lakh p.a.
Work Experience: At least 6 month in the current organization
LTV Ratio: Up to 85% of property value
Credit Score: Preferably 700 and above
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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Loan Against Property EMI Caclulator

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LOANSBAZAAR INDIA · PROPERTY FINANCE

Loan Against Property – Unlock Your Property's Value

Flexible Property Finance. Multiple Lender Options. Professional Assistance.

Explore Loan Against Property options by offering eligible residential or commercial property as security. Compare indicative rates, potential loan amounts and repayment tenures from banks and NBFCs, subject to property valuation and lender assessment.

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Multiple LendersExplore bank and NBFC options

Property-BackedSubject to legal and valuation checks

Flexible TenureDepends on lender and profile

Expert AssistanceApplication guidance and support

What Is a Loan Against Property?

A Loan Against Property (LAP) is a secured loan in which an eligible property is offered as collateral. Depending on the lender and loan terms, funds may be used for business expansion, working capital, education, medical expenses, debt consolidation or other permitted purposes.

Residential Property Commercial Property Business Funding Working Capital Property Valuation Required Eligibility-Based Financing

Loan Against Property EMI Calculator

Estimate your monthly EMI, total interest and total repayment. Adjust the figures to explore different repayment scenarios.

Loan Amount (₹)

Annual Interest Rate (%)

Loan Tenure

Repayment Frequency

Estimated Monthly EMI

₹53,730

Loan Principal₹50,00,000

Total Interest₹46,71,400

Total Repayment₹96,71,400

Illustrative estimate; actual lender terms may differ.

The calculator uses the standard monthly reducing-balance EMI formula. It excludes processing fees, legal charges, valuation costs, taxes, insurance and other applicable charges. Actual LAP tenure may be shorter than the options displayed.

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Loan Against Property Interest Rates: Banks & NBFCs

Compare the indicative lender information supplied for this page. Rates, loan limits and tenures are not guaranteed offers. Confirm the relevant LAP product and current terms directly with the lender before applying.

If a specific lender's LAP product or terms are not currently offered, its details should be confirmed before submitting an application.

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Submit your enquiry to explore possible lender options based on your property, income, credit profile and funding requirement.

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Important Disclaimer: LoansBazaar India provides loan enquiry and application assistance and does not guarantee loan approval, interest rate, loan amount or disbursal time. The lender information below is based on user-supplied indicative figures and has not been independently verified as current offers. Actual terms depend on lender policy, property type and location, legal title, valuation, loan-to-value ratio, income, credit profile, documentation and final approval. A Loan Against Property is secured against the property offered as collateral; default may put that property at risk. Processing fees, legal and valuation charges, taxes and other applicable costs may apply.

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Note: The rate of interest mentioned above are updated in is updated on October 2026 and are subject to change at the discretion of the bank

Features and Benefits of Loan Against Property

Lower interest rates: The secured nature of the loan reduces the lending risk of banks and NBFCs considerably, thereby, allowing them to offer the loan at lower interest rates.b

No end use restrictions: Loan proceeds can be used for any purpose such as for consolidating multiple high-interest debts, covering costs related to wedding and business expansion, except for any speculative activities.

Longer loan tenure: Banks and NBFCs offer tenures of usually up to 20 years on loan against property, resulting in more affordable EMIs.

Higher loan amount: Lenders usually finance up to 70% of the property value, resulting in higher loan amounts.

Higher chances of loan approval: The loan is backed by any underlying property, thus, reducing lending risk for banks/NBFCs and increasing borrowers’ odds of availing the loan.

Overdraft facility: Borrowers can also avail overdraft facility on this loan, giving them higher liquidity at lower interest cost.

How to Apply for a Loan Against Property Online?

Applying for a Loan Against Property with LoansBazaar India is simple and convenient. Get professional assistance throughout the loan enquiry and application process.

Submit Your Enquiry – Share your basic personal, income and property details online.

Profile Assessment – Our team reviews your requirement and eligibility.

Compare Loan Options – Explore suitable options from 100+ Banks & NBFCs, based on your profile.

Document Submission – Submit the required KYC, income and property documents.

Application Processing – The selected lender evaluates your application and property.

Final Approval & Disbursal – On meeting the lender’s requirements, the loan is sanctioned and disbursed as per the lender’s terms.

Apply Online with LoansBazaar India for professional, PAN-India loan application assistance with nil service charges.

Documents Required for Loan Against Property

The documents required for a Loan Against Property may vary depending on the lender, applicant profile and property type. Generally, applicants should keep the following documents ready:

Document Category	Commonly Required Documents
Identity Proof	PAN Card, Aadhaar Card, Passport, Voter ID or Driving Licence
Address Proof	Aadhaar Card, Passport, Voter ID, Driving Licence or recent utility bill
Income Proof – Salaried	Latest salary slips, Form 16, bank statements and ITR, as applicable
Income Proof – Self-Employed	ITR, bank statements, business proof, Balance Sheet and Profit & Loss Statement
Bank Statements	Recent bank statements as required by the lender
Property Documents	Sale Deed/Title Deed, previous chain documents, approved plan and other applicable property papers
Photographs	Recent passport-size photographs
Additional Documents	Any other documents requested by the selected bank/NBFC for verification and processing

Note: Document requirements may vary by lender and applicant profile. Submission of documents does not guarantee loan approval. Final requirements, loan amount, interest rate and other terms are subject to lender policies and final approval.

Processing Fee and Charges

Below are some of the general fees and charges that may be applicable to your mortgage loan.

Particulars	Fee and Charges
Processing Fee	Up to 2% of loan amount
Part Prepayment Charges	Floating Rate: Nil Fixed Rate: Up to 4% on outstanding principal
Foreclosure Charges	Floating Rate: Nil Fixed Rate: Up to 2% on outstanding principal
Penal Interest	Usually at 24% p.a. (2% per month on the overdue instalment/s)

Loan to Value (LTV) for Loan Against Property

Loan-to-Value (LTV) represents the percentage of the eligible property value that a lender may consider for financing under a Loan Against Property.

For example, if an eligible property is valued at ₹1 crore and the applicable LTV is 75%, the potential loan amount could be up to ₹75 lakh, subject to the applicant’s income, credit profile, property assessment and lender policy.

Key Points

LTV varies by lender, property type and applicant profile.

Residential and commercial properties may have different LTV norms.

Higher property value does not automatically mean higher loan eligibility.

The final loan amount is determined after property valuation and financial assessment.

100+ Banks & NBFC options may be available through LoansBazaar India for suitable profiles.

Disclaimer: LTV, loan amount, property valuation, interest rate, tenure and approval are subject to the selected lender’s policies, eligibility criteria and final approval.

Things to Know Before Applying for Loan Against Property

Interest Rates: Compare applicable interest rates start on 8.30% and charges across lenders before applying.

Repayment Tenure: Longer tenures . (up to 15–20 years) can reduce EMI but may increase total interest payable.

Eligible Loan Amount: Loan amount You can get up to 85% of your property value, depends on property value, LTV, income, credit profile and lender policies.

Processing Time: It takes about 2-3 weeks Property valuation, legal verification and documentation can affect processing and disbursal time.

Prepayment Charges: Check the lender’s applicable prepayment and foreclosure terms before choosing a loan.

Overdraft Facility: Some lenders offer LAP overdraft facilities, subject to their terms and eligibility.

Property Documents: Ensure ownership and property documents are clear and available for verification.

Disclaimer: Loan amount, interest rate, charges, tenure, eligibility and approval are subject to lender policies and final approval.

Home Loan vs Loan Against Property – Key Differences

Particulars	Home Loan	Loan Against Property (LAP)
Primary Purpose	Purchase, construction or renovation of a residential property	Meet eligible personal or business financial requirements
Security	Property being purchased/constructed	Existing eligible residential or commercial property
Loan-to-Value (LTV)	Up to 90% of property value	Up to 75% of property value-
Tenure	Generally up to 20–32 years, subject to lender policy	Generally up to 15–20 years, subject to lender policy
Interest Rate	Typically lower than LAP, subject to applicant profile	Generally higher than home loan rates, subject to lender and profile
End Use	Primarily housing-related requirements	Multiple permitted financial requirements, as per lender policy
Tax Benefits	May be available on eligible principal and interest payments	Depends on the purpose of the loan and applicable tax provisions

LoansBazaar India provides professional loan enquiry and application assistance to help eligible customers explore suitable options from 100+ Banks & NBFCs.

Disclaimer: Interest rates, LTV, loan amount, tenure, tax benefits, eligibility and approval are subject to applicable laws, lender policies, applicant profile and final approval.

FAQs on Loan Against Property

Find answers to common questions about Loan Against Property (LAP), eligibility, loan amount, repayment tenure and application process.

1. What is a Loan Against Property?

A Loan Against Property (LAP) is a secured loan in which a borrower pledges eligible residential or commercial property as collateral to obtain financing. The funds may be used for permitted personal or business purposes, subject to the lender's terms and applicable restrictions.

2. Who is eligible for a Loan Against Property?

Eligibility generally depends on the applicant's age, income, repayment capacity, credit history, occupation, property location, property type and legal documentation. Each bank or NBFC may have different eligibility criteria.

3. How can I apply for a Loan Against Property?

You can apply directly through a bank or NBFC's official website, mobile application or branch. You may also use a financial assistance platform such as LoansBazaarIndia.com to enquire about available lender options and understand the application process. The lender independently evaluates the application and makes the final decision.

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4. Which bank is best for a Loan Against Property?

The most suitable lender depends on your eligibility, property, funding requirement and repayment capacity. Compare the interest rate, processing fees, loan-to-value (LTV) ratio, tenure, prepayment terms and other applicable charges before choosing a lender.

5. How does a Loan Against Property work?

The borrower pledges an eligible property as security, and the lender assesses the applicant's financial profile, property value and legal documents. If the application is approved, the loan is disbursed according to the agreed terms and repaid through scheduled instalments. Default may result in recovery action and enforcement against the mortgaged property in accordance with applicable law.

6. What is the maximum repayment tenure for a Loan Against Property?

The repayment tenure varies by lender, applicant profile and loan product. Some lenders may offer long tenures, potentially extending to 15–25 years for eligible applicants. Check the lender's current product terms before applying.

7. What are the advantages of a Loan Against Property?

Potential benefits, depending on the lender and applicant's eligibility, may include:

Access to secured financing against eligible property.
Potentially lower interest rates than some unsecured loans.
Repayment tenures that may support manageable EMIs.
Funding for eligible personal or business requirements.
Loan amounts linked to property valuation and repayment capacity.
Possible overdraft or balance-transfer options with selected lenders.

Actual benefits, rates and facilities vary by lender. Your property is at risk if you fail to repay the loan.

8. Is a co-applicant mandatory for a Loan Against Property?

Not in every case. If the property has multiple owners, lenders generally require the co-owners to participate in the mortgage documentation and may require them to be co-applicants. Requirements depend on the lender's policies and ownership structure.

9. How much loan can I get against my property?

The eligible loan amount depends on the property's assessed value, applicable loan-to-value (LTV) limits, the applicant's income, existing obligations, credit profile and lender policy. The lender determines the final eligible amount after valuation and underwriting; a specific percentage of market value is not guaranteed.

10. What types of property are accepted for a Loan Against Property?

Depending on the lender, eligible properties may include residential or commercial property and, in selected cases, certain industrial properties. Legal title, location, property use, condition, valuation and documentation affect acceptance.

11. Can NRIs apply for a Loan Against Property?

Some banks and financial institutions offer Loan Against Property facilities to Non-Resident Indians (NRIs), subject to their product eligibility, property requirements, documentation and applicable regulations. Confirm the current criteria directly with the lender.

12. What is the difference between a Home Loan and a Loan Against Property?

A Home Loan is generally used to purchase, construct or, where permitted, renovate a residential property. A Loan Against Property allows an eligible property owner to raise funds by mortgaging an existing property. The purpose, documentation, pricing and terms may differ between the two products.

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13. What happens if I do not repay my Loan Against Property?

Missed repayments may lead to overdue charges, applicable penal charges, adverse credit reporting and recovery proceedings. If the account meets the applicable criteria for classification as a non-performing asset (NPA), the lender may initiate enforcement proceedings under relevant law, including the SARFAESI Act, 2002, where applicable and subject to legal requirements. The mortgaged property may ultimately be at risk.

Contact your lender promptly if you anticipate difficulty making repayments.

Looking for Loan Against Property options?

Submit an enquiry to understand potential lender options based on your requirement and eligibility. Loan approval, amount, interest rate and terms are decided by the lender.

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Disclaimer: LoansBazaarIndia.com provides information and loan application assistance. It is not a lender unless explicitly stated. Interest rates, loan amounts, eligibility, tenure, fees and approval are subject to the respective lender's policies, verification, applicable laws and final decision. Please review the lender's official terms before making a financial decision.

Loan Against Property