Property Financing

Loan Against Property Guide

Unlock cash from your property with flexible terms and competitive rates

What is Loan Against Property?

A Loan Against Property (LAP) is a secured loan where you pledge your residential or commercial property as collateral to borrow funds. The loan amount is determined by the property value, market conditions, and your repayment capacity.

Loan Amount

₹5 lakhs - ₹5 crores

Interest Rate

6.5-9.5% p.a.

Tenure

5-20 years

LTV Ratio

40-60% of property value

LAP vs Home Loan Comparison

Loan Against Property

✓ 40-60% of property value
✓ Flexible usage of funds
✓ Quick approval (5-10 days)
✓ Higher interest rates
✓ Existing property required

Home Loan

✓ 80-90% of property value
✓ Can only buy property
✓ Longer approval process
✓ Lower interest rates
✓ New property purchase

Eligibility & Requirements

Age

25-65 years (at loan maturity)

Income

Monthly income ₹30,000+ (salaried), ₹50,000+ (self-employed)

Employment

Minimum 2 years in current job/business

CIBIL Score

700+ for easy approval

Property Value

₹10 lakhs and above

Property Type

Residential, commercial, or industrial property

Property Status

Owned free property or nearly paid property

Document Requirements

✓

Property documents (title deed, mutation)

✓

Property tax receipts (last 2 years)

✓

Building approval/completion certificate

✓

Identity and address proof

✓

Income proof (salary slip/ITR)

✓

Bank statements (last 6 months)

✓

Property valuation certificate

✓

Insurance policy copy

Apply for Loan Against Property

Get approved in 5-10 days with highest property valuation

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