Loan Against Property
Unlock the value locked in your property
Raise large-ticket funds against your residential, commercial or industrial property at rates well below unsecured loans. Use it for business expansion, debt consolidation, education or any personal need while continuing to own the property.
Interest rate
from 9.25% p.a.
Loan amount
Up to ₹15 Cr
Max tenure
up to 20 years
Processing fee
0.50% – 1.50% of loan amount
Key features
LAP highlights
- Interest rates starting 9.25% p.a. (indicative)
- Loan up to 70% of market value of the property
- Long tenure of up to 20 years for comfortable EMIs
- Overdraft and drop-line overdraft variants available
- Lease-rental discounting for rented-out properties
- Funds usable for business or personal purposes
Get the best lap offer today
Free consultation with a dedicated manager. Compare multiple sanctioned offers before you choose.
Plan it
LAP EMI calculator
Prefilled with typical values for this product — adjust to match your requirement.
Indicative calculation for a reducing-balance loan. Your actual EMI depends on the lender's final rate and schedule.
Your monthly EMI
₹51,460
Principal amount
₹50 L
Total interest
₹42.63 L
- Principal
- ₹50,00,000
- Total interest
- ₹42,62,731
- Total payable
- ₹92,62,731
Eligibility
Who qualifies
- Age between 21 and 70 years at loan maturity
- Owner of a self-owned residential or commercial property
- Salaried or self-employed with documented income
- Minimum income — ₹3 lakh p.a. for salaried, ₹4 lakh p.a. for self-employed
- Credit score of 650+ preferred
Documents
Keep these ready
- Identity and address proof — PAN, Aadhaar, passport
- Income proof — 3 years' ITR with computation, audited financials for businesses
- 6 months' bank statements
- Property documents — title deed, chain of documents, approved plan, latest tax receipt
- Occupancy certificate for properties where applicable
- Existing loan statement, if the property is mortgaged
Costs, upfront
Interest rates & charges
Indicative ranges across partner lenders. Your final schedule is shared in writing before you sign.
| Charge | Details |
|---|---|
| Interest rate | 9.25% p.a. onwards (indicative) |
| Processing fee | 0.50% – 1.50% of loan amount |
| Valuation & legal | ₹7,500 – ₹20,000 (actuals) |
| Prepayment | Nil – 2% depending on lender and loan type |
| Late payment penalty | 2% per month on the overdue EMI |
| Stamp duty on mortgage | As per state schedule, borrower's account |