Loan Against Property — use your property's value, at secured-loan rates
Raise a large amount for your business, education, a wedding or to clear expensive debt, while you keep living in or using your property.
- From 7.99% p.a.
- Up to 70% of property value
- Up to 15–20 years
Starting rates
at 28 lenders
- Bank of Barodafrom 10.35% p.a.
- Punjab National Bankfrom 9.75% p.a.
- Union Bank of Indiafrom 10.2% p.a.
- Canara Bankfrom 10.35% p.a.
- State Bank of Indiafrom 9.2% p.a.
- ICICI Bankfrom 10.6% p.a.
- IDFC First Bankfrom 9.25% p.a.
- Federal Bankfrom 10% p.a.
- Axis Bankfrom 10.5% p.a.
- IndusInd Bankfrom 8.5% p.a.
- Tata Capitalfrom 9.5% p.a.
- Vastu Housing Financefrom 17.5% p.a.
- Muthoot Financefrom 15.25% p.a.
- Aadhar Housing Financefrom 15% p.a.
- Clix Capitalfrom 14.99% p.a.
- Shriram Urban Co-operative Bankfrom 11.5% p.a.
- IIFL Financefrom 10.65% p.a.
- Tata Capital Housing Financefrom 9% p.a.
- Ujjivan Small Finance Bankfrom 10% p.a.
- Cholamandalam Financefrom 10% p.a.
- Indiabullsfrom 10.5% p.a.
- Godrej Housing Financefrom 9.75% p.a.
- Hero Housing Financefrom 8% p.a.
- Aditya Birla Capitalfrom 11.49% p.a.
- Edelweiss Financial Servicesfrom 9.25% p.a.
- Bajaj Financefrom 8% p.a.
- Capri Global Capitalfrom 7.99% p.a.
- SMFG India Creditfrom 13% p.a.
What is a loan against property?
A loan against property (LAP) is a secured loan where you mortgage a home, shop or office you own to borrow a share of its value. You can use the money for almost anything, and repay over up to 15–20 years at rates close to a home loan's.
At a glance
- Loan amount
- ₹5 lakh to ₹10 crore
- Interest rate
- 7.99%–26% p.a.
- Tenure
- Up to 15–20 years
- Processing fee
- Up to 1–2% + GST
- Loan-to-value
- Typically 50–70% of market value
- Disbursal
- 7–15 working days (legal and valuation)
Compare loan against property interest rates
Published rates from banks, NBFCs and housing finance companies. The property's type and title, and your income, decide your rate.
- Lowest starting rate
- 7.99%p.a.
- Lenders listed
- 28
- Largest amount
- ₹75 crore
- Bank of BarodaPublic-sector bankStarting from10.35% p.a.
- Rate range
- 10.35%–18.25% p.a.
- Max amount
- ₹25 crore
- Max tenure
- 15 years
- Rate type
- fixed
- Processing fee
- 1% for Term Loans: The minimum amount is INR 8,500 (upfront) The maximum amount is INR 1,50,000
- Punjab National BankPublic-sector bankStarting from9.75% p.a.
- Rate range
- 9.75%–11.85% p.a.
- Max amount
- ₹5 crore
- Max tenure
- 10 years
- Rate type
- fixed
- Processing fee
- 0.75% (Max Rs 1 lakh)
- Union Bank of IndiaPublic-sector bankStarting from10.2% p.a.
- Rate range
- 10.2%–12.85% p.a.
- Max amount
- ₹1 crore
- Max tenure
- 20 years
- Rate type
- fixed
- Processing fee
- Up to 1% of
- Canara BankPublic-sector bankStarting from10.35% p.a.
- Rate range
- 10.35%–10.35% p.a.
- Max amount
- ₹10 crore
- Max tenure
- 7 years
- Rate type
- fixed
- Processing fee
- 1% of the loan amount
- State Bank of IndiaPublic-sector bankStarting from9.2% p.a.
- Rate range
- 9.2%–10.5% p.a.
- Max amount
- ₹20 lakh
- Max tenure
- 6 years
- Rate type
- fixed
- Processing fee
- Upto 1%
- ICICI BankPrivate bankStarting from10.6% p.a.
- Rate range
- 10.6%–12.25% p.a.
- Max amount
- ₹5 crore
- Max tenure
- 15 years
- Rate type
- fixed
- Processing fee
- Up to 2%
- IDFC First BankPrivate bankStarting from9.25% p.a.
- Rate range
- 9.25%–9.25% p.a.
- Max amount
- ₹5 crore
- Max tenure
- 15 years
- Rate type
- fixed
- Processing fee
- Up to 1% of the availed loan amount
- Federal BankPrivate bankStarting from10% p.a.
- Rate range
- 10%–10% p.a.
- Max amount
- ₹5 crore
- Max tenure
- 15 years
- Rate type
- fixed
- Processing fee
- 1% of the limit sanctioned with a minimum of ₹ 3000/
- Axis BankPrivate bankStarting from10.5% p.a.
- Rate range
- 10.5%–10.95% p.a.
- Max amount
- ₹5 lakh
- Max tenure
- 20 years
- Rate type
- fixed
- Processing fee
- 1% of the loan amount or INR 10,000
- IndusInd BankPrivate bankStarting from8.5% p.a.
- Rate range
- 8.5%–13.5% p.a.
- Max amount
- ₹50 lakh
- Max tenure
- 15 years
- Rate type
- fixed
- Processing fee
- up to 2% of the loan amount
Last verified 19 Sep 2026. These are the lenders' published rates and fees, and they can change without notice. Your rate depends on your credit score, income and employer, and the lender makes the final decision.
Loan against property EMI calculator
Your EMI depends on the amount, the rate and the tenure. Change any of them to see the monthly payment and the total interest.
Your loan
Your monthly EMI
₹50 lakh · 15 years · 8% p.a.
- Principal₹50,00,000
- Interest₹36,00,869
- Total amount payable
- ₹86,00,869
We'll carry ₹50 lakh over 15 years into the form.
Example: For a loan of ₹50,00,000 at 8% p.a. for 15 years, the EMI is ₹47,783 and the total amount payable is ₹86,00,869 (interest ₹36,00,869), excluding processing fee and taxes.
How your balance comes down
Early payments are mostly interest. The principal falls faster in the later years.
- Outstanding principal
- Interest paid so far
Year-wise repayment schedule
| Year | Principal paid | Interest paid | Closing balance |
|---|---|---|---|
| 1 | ₹1,79,892 | ₹3,93,499 | ₹48,20,108 |
| 2 | ₹1,94,824 | ₹3,78,568 | ₹46,25,284 |
| 3 | ₹2,10,993 | ₹3,62,397 | ₹44,14,291 |
| 4 | ₹2,28,506 | ₹3,44,886 | ₹41,85,785 |
| 5 | ₹2,47,472 | ₹3,25,919 | ₹39,38,313 |
| 6 | ₹2,68,012 | ₹3,05,380 | ₹36,70,301 |
| 7 | ₹2,90,257 | ₹2,83,134 | ₹33,80,044 |
| 8 | ₹3,14,347 | ₹2,59,044 | ₹30,65,697 |
| 9 | ₹3,40,439 | ₹2,32,952 | ₹27,25,258 |
| 10 | ₹3,68,695 | ₹2,04,697 | ₹23,56,563 |
| 11 | ₹3,99,296 | ₹1,74,095 | ₹19,57,267 |
| 12 | ₹4,32,438 | ₹1,40,953 | ₹15,24,829 |
| 13 | ₹4,68,330 | ₹1,05,062 | ₹10,56,499 |
| 14 | ₹5,07,201 | ₹66,190 | ₹5,49,298 |
| 15 | ₹5,49,298 | ₹24,093 | ₹0 |
Monthly EMI ₹47,783. Total interest ₹36,00,869. Total payable ₹86,00,869.
Loan against property eligibility
Each lender sets its own rules. These are the usual minimums, so check them before you apply.
Salaried applicants
- Age 21 to 60 at the end of the loan (varies by lender)
- Clear title in your name or your co-applicant's
- Property approved by the local authority
- Regular salary; credit score of 700+
Documents for a loan against property
Keep these ready before you apply. Complete documents are the quickest way to a decision.
Tick off what you already have.
What can a loan against property pay for?
- Expanding your business
- Your child's education, here or abroad
- A wedding in the family
- Medical treatment
- Clearing costlier loans and card debt
- Renovating the property
- Buying equipment or stock
- Any lawful need except speculation
How to apply for a loan against property
You fill in one short form. An advisor does the comparing and stays with you until the money is in your account.
- 1
Tell us once
Share what you need and a few details about your income. Takes about two minutes.
- 2
We compare
We check your profile against the eligibility rules of our partner banks and NBFCs and shortlist the ones likely to say yes, at the best rate.
- 3
You choose
We walk you through the shortlisted offers: rate, fees, EMI, and the fine print. No pressure to pick any of them.
- 4
We stay till disbursal
Your advisor collects documents, coordinates with the bank and keeps you updated until the loan is disbursed.
What decides your LAP rate
750+credit score usually gets the lowest band
- Type of property
- A self-occupied home usually gets the lowest rate; commercial and industrial property costs a little more.
- Title and approvals
- A clean chain of title and an approved plan make a lender comfortable, and faster.
- Loan-to-value
- Borrowing 50% of the value instead of 70% can bring the rate down.
- Income proof
- Salaried and ITR-filing borrowers get better rates than those assessed on estimated income.
- Credit score
- As with every loan, 750+ gets the lowest band.
How to get a lower rate
- 1Pledge a residential property if you have a choice. It's usually priced lowest.
- 2Gather the full title chain and approvals before you apply. Gaps add weeks and cost.
- 3Borrow only what you need. A lower loan-to-value can move you into a better band.
- 4Add an earning co-owner as co-applicant to raise eligibility.
- 5Compare total cost, including legal and valuation fees, not just the rate.
Loan against property, personal loan or business loan?
A loan against property costs the least and lends the most, but it takes longer and puts your property at stake.
Rates from
- Loan against property
- 7.99% p.a.
- Personal loan
- 8% p.a.
- Business loan
- 7.25% p.a.
How much
- Loan against property
- Up to ₹10 crore
- Personal loan
- Up to ₹40 lakh
- Business loan
- Up to ₹50 lakh unsecured
Tenure
- Loan against property
- Up to 15–20 years
- Personal loan
- 1–5 years
- Business loan
- 1–5 years
Time to money
- Loan against property
- 7–15 working days
- Personal loan
- 1–3 working days
- Business loan
- 3–7 working days
Collateral
- Loan against property
- Your property
- Personal loan
- None
- Business loan
- Often none
Starting rates are the lowest listed in our data; your rate depends on your profile.
What happens to my property?
You keep owning and using it. The lender only holds a mortgage, which is released when you repay.
The lender values and checks it
A valuer inspects the property and a lawyer checks the title. This sets how much you can borrow.
You sign a mortgage
The original title deeds are deposited with the lender. Ownership stays with you.
You keep living in it, or renting it out
Nothing changes day to day. You just pay the EMI.
You repay, and it's released
The lender returns your documents with a no-dues letter, and the charge is removed.
Types of loan against property
- Residential property loan
- Commercial property loan
- Lease rental discounting
- LAP balance transfer + top-up
We are here to answer
all your questions
Yes. Every co-owner must join as a co-applicant and sign the mortgage.
Yes. The rent can even count as income; lease rental discounting lends against future rent from a commercial tenant.
The lender's valuer sets a market value from the location, size, age and recent sales. You borrow a share of that, not of your own estimate.
It can't go into speculation, such as shares or land trading, or anything unlawful. Almost any other personal or business use is fine.
Talk to the lender early; restructuring is often possible. After prolonged default the lender can sell the property under the SARFAESI Act.
Only if the money is used for business, or to buy or build a home. Then the interest can be claimed under those rules.
Some NBFCs lend on assessed income using bank statements, at a higher rate. ITRs get you the best terms.
Usually 7–15 working days, because the lender runs a legal check and a valuation.
Ready to see which loan against property offers you qualify for?
Takes two minutes. No impact on your credit score.