Loan Against Property

Leverage your residential or commercial property to secure high-value funding at competitive interest rates. Unlock the true value of your real estate assets.

Why Choose Loan Against Property?

High Loan Amount

Get financing up to ₹10 Crores based on your property value. Loan amount up to 70% of market value.

Low Interest Rates

Starting from 8.50% p.a. Competitive rates ensuring affordable EMIs throughout the tenure.

Long Tenure

Flexible repayment up to 20 years. Choose a tenure that fits your financial planning.

Minimal Documentation

Simple paperwork with quick verification. Property documents and basic KYC only.

Top Banks Offering Loan Against Property

Bank Interest Rate (p.a.) Loan Amount Processing Fee Max Tenure Apply
HDFC Bank 8.50% - 9.50% Up to ₹10 Crore 1.00% 20 Years Apply
ICICI Bank 8.75% - 9.75% Up to ₹5 Crore 1.00% 20 Years Apply
Axis Bank 8.60% - 9.40% Up to ₹5 Crore 1.00% 20 Years Apply
Kotak Mahindra Bank 8.90% - 10.25% Up to ₹10 Crore 1.50% 18 Years Apply
State Bank of India 8.55% - 9.25% Up to ₹7.5 Crore 0.35% 15 Years Apply
Bank of Baroda 8.40% - 9.50% Up to ₹10 Crore 0.50% 15 Years Apply

Loan Against Property Eligibility

Property Type

  • Residential apartments, villas, and bungalows
  • Commercial properties (office, retail)
  • Industrial properties and warehouses
  • Freehold or leasehold properties

Age Criteria

  • Minimum 21 years old
  • Maximum 65 years at loan maturity
  • Salaried: 21-58 years
  • Self-employed: 25-65 years

Employment

  • Salaried employees with stable income
  • Self-employed professionals
  • Business owners
  • Minimum 2 years in current business

Credit Profile

  • CIBIL score of 700 or above
  • Good repayment history
  • No ongoing defaults
  • Clear property title

Documents Required for Loan Against Property

Identity Proof

  • Aadhaar Card
  • PAN Card
  • Passport
  • Driving License
  • Voter ID

Property Documents

  • Title Deeds
  • Sale Agreement
  • Registered Property Tax Receipt
  • Building Plan Approval
  • Occupancy Certificate

Income Documents

  • Salary Slips (3 months)
  • Bank Statements (6 months)
  • Form 16 / ITR Returns
  • Business Registration
  • Audit Reports

Uses of Loan Against Property

Business Expansion

Fund your business growth, purchase inventory, or set up new branches

Education

Finance higher education for yourself or your children abroad

Travel

Plan international vacations or medical treatment abroad

Debt Consolidation

Consolidate high-interest debts into a single lower EMI

Property Purchase

Invest in additional real estate properties

Personal Needs

Meet wedding expenses, home renovations, or any personal requirement

How to Apply for Loan Against Property

1

Property Verification

Submit your property documents for legal and technical verification by our team

2

Eligibility Check

Check your eligibility based on property value and your credit profile

3

Document Submission

Upload all required documents through our secure portal

4

Approval & Disbursement

Receive approval within 5-7 days and get funds disbursed to your account

Unlock Your Property's Value Today

Get the best Loan Against Property offers with competitive interest rates and flexible repayment options

Apply Now

Loan Against Property EMI Calculator

Calculate your monthly EMI instantly

₹5,000,000
10%
60 Months
Monthly EMI ₹106,235
Principal Amount ₹5,000,000
Total Interest ₹1,374,113
Total Amount Payable ₹6,374,113
Apply Now

Frequently Asked Questions

What is the maximum loan amount I can get against my property?

You can get up to ₹10 Crores or 70% of your property's market value, whichever is lower. The exact amount depends on factors like property type, location, your income, and credit score.

Can I keep earning rent while my property is pledged?

Yes, absolutely! You can continue to rent out your property while it is pledged as collateral. The rental income can even help in servicing your loan EMIs.

What happens if I default on the loan?

In case of default, the lender has the right to recover the outstanding amount by selling the pledged property. To avoid this, ensure timely EMI payments and maintain good communication with your lender.

Is there a prepayment penalty for LAP loans?

Most banks allow prepayment after a lock-in period (usually 6-12 months). Prepayment charges typically range from 2-4% of the outstanding amount. Some banks offer free prepayment after the lock-in period.

How long does it take for LAP loan approval?

The approval process typically takes 5-7 working days after submitting all documents. Property verification and legal clearance may take additional time depending on the property type and location.

Can I apply for a top-up loan on my existing LAP?

Yes, once you have completed 12-24 months of your loan tenure and have good payment history, you can apply for a top-up loan. The additional amount will be sanctioned based on your eligibility.