LOAN AGAINST PROPERTY (LAP) Interest rates starting from 8.50% p.a.* | Loan amount up to ₹50 Cr | Tenure up to 15 years

Maximum Loan Amount

₹50 Crore+

LTV Ratio (RBI Norms)

Up to 70%

Maximum Tenure

15 Years

Processing Fee

0.50% - 1%

What is Loan Against Property?

Loan Against Property (LAP) is a secured loan where you pledge your residential or commercial property as collateral to avail funds. You can continue to use the property while repaying the loan in EMIs. Ideal for business expansion, education, medical emergency, or any personal need.

Key Benefits

  • High Loan Amount: Get up to 70% of property value (LTV as per RBI).
  • Lower Interest Rates: Compared to unsecured loans (personal loan, credit card).
  • Flexible Tenure: Repay over 5 to 15 years as per your convenience.
  • Continue Property Usage: You can live in or rent out the property.
  • No End-Use Restriction: Funds can be used for business or personal needs.
  • Tax Benefits: Interest deduction available for business purposes.
Interest Rate Trend: LAP rates have decreased by 0.25% in last quarter. Lock in best rates now!

Eligible Property Types

Residential House
Commercial Shop
Industrial Property
Office Space
Vacant Land
Retail Space

RBI Guidelines for LAP

  • LTV Ratio: Maximum 70% for loans up to ₹50 lakh, 60% for higher amounts.
  • Interest Rate: Linked to RBI Repo Rate + Spread (transparent pricing).
  • No Prepayment Penalty: For floating rate loans (RBI mandate).
  • Property Valuation: Must be done by RBI-empaneled valuer.
  • Income Proof: ITR/Bank statements required for repayment capacity.

Top Banks for Loan Against Property

SBI
8.50%*
Processing: 1.50%
HDFC Bank
8.30%*
Processing: 1.50%
ICICI Bank
8.35%*
Processing: 1.50%
PNB
8.55%*
Processing: 1.55%
Bank of Baroda
8.20%*
Processing: 1.50%
Axis Bank
8.75%*
Processing: 1.50%

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Frequently Asked Questions

What is the maximum loan amount I can get?
You can get up to 70% of your property's market value as per RBI guidelines. Maximum loan amount can go up to ₹10 Crore depending on property value and repayment capacity.
Can I get a loan against an under-construction property?
Most banks prefer ready-to-move properties. However, some banks offer LAP on under-construction properties with higher margin requirements (lower LTV).
What is the processing time for Loan Against Property?
Typically 7-14 working days, depending on document submission, property verification, and legal checks.
Can I prepay the loan without penalty?
Yes! As per RBI mandate, there is no prepayment penalty for floating rate loans. Fixed rate loans may have nominal charges.
What documents are required for LAP?
Identity proof, address proof, property documents, income proof (ITR for last 3 years), bank statements, and property valuation report.