High-Value Funding.Backed by What You Own
Unlock the value of your residential, commercial, or industrial property while retaining ownership, with longer tenure and more competitive rates than many unsecured loans.
What is a Loan Against Property?
A Loan Against Property (LAP) is a secured loan where banks lend against an owned property, while you continue to retain ownership. Depending on the lender, profile and property type, funding can go up to 90% of the property value, with interest rates starting from 8.30% p.a. and repayment tenures extending up to 20 years.
Key Features
of a Loan Against Property
Higher Loan Eligibility
LAP allows access to significantly higher loan amounts since funding is backed by property value rather than just income.
Longer Repayment Tenure
Extended tenures of up to 15–20 years help spread repayments and reduce monthly EMI burden.
Lower Cost of Borrowing
Since your property serves as collateral, lenders offer significantly more competitive interest rates, reducing your overall borrowing cost and monthly EMI burden.
Flexible End-Use
Unlike specific-purpose loans, LAP funds can be used for any legitimate need—business expansion, working capital, machinery purchase, debt consolidation, education, medical expenses, or property investment.
Balance Transfer & Top-Up Options
If your financial profile or market rates improve, existing LAPs can be refinanced at better terms. Additional funding can also be drawn against the same property through a top-up — without requiring a fresh mortgage.
Loans Available Against Most Property Types
Loans can be taken against all residential, commercial, industrial properties , or open lands depending on the lender’s criteria
Choose the LAP Structure That Fits Your Need
Term Loan
Traditional loan with fixed EMI
Repayment
Fixed EMI
Interest charged on
Entire sanctioned amount
Dropline OD
Revolving facility with reducing limit
Repayment
Interest on utilised amount, principal reduces periodically
Interest charged on
Only the amount utilised
Top-Up Loan
Additional funding on existing LAP
Repayment
EMI on top-up amount
Interest charged on
Entire top-up amount
Balance Transfer
Shift existing LAP to new lender
Repayment
New EMI with new lender
Interest charged on
Entire transferred balance
LAP EMI Calculator
Loan Amount
₹Rate of interest (per annum)
%Tenure
YYour EMI
₹ 16,607
per month
₹ 5,00,000
₹ 97,858
Total payable
₹ 5,97,858
Common Use Cases of a LAP
A loan against property can be used for a wide range of personal and business needs. Some of the most common use cases include:
Business Expansion
Funds can be used to scale up an existing business, open a new branch, or expand operations with longer repayment tenure and lower borrowing cost.
Working Capital Needs
LAP can help manage day-to-day business cash flow, vendor payments, inventory cycles, or other recurring operational expenses.
Equipment & Machinery Purchase
Borrowers often use LAP to buy equipment, machinery, or technology needed for business growth or operational efficiency.
Debt Consolidation
Existing high-cost loans or multiple liabilities can be consolidated into a single secured loan to reduce repayment pressure and simplify cash flow management.
Education or Medical Expenses
Because LAP funds can be used for legitimate needs, they may also support large personal expenses like higher education or medical treatment.
Property Investment
Some borrowers use LAP to invest in another property or support property-related financial planning.
How Our AI Matching Works
Lender Criteria Built In
Our platform is pre-loaded with eligibility rules from multiple banks and NBFCs.
AI-Based Assessment
Our AI securely evaluates your profile against these criteria—without unnecessary hard checks.
Smart Lender Matching
Get personalised quotations based on your requirement. We match borrowers with the most suitable lenders.
Eligibility Criteria
LAP Eligibility Criteria
Age
Minimum 21-25 years at the time of application, and up to 65-70 years at loan maturity, depending on lender policy.
Income / Repayment Capacity
Stable salaried income or consistent self-employed income with sufficient monthly surplus to repay EMIs comfortably.
Credit Score
Minimum 700+, with 750+ preferred for better rates and higher loan amounts.
Employment / Business Continuity
Salaried applicants typically need 2–3 years of total experience; self-employed applicants usually need 2–3 years of continuous business or practice.
Property Ownership
You must own a residential, commercial, or industrial property with clear title, legal approvals, and marketable value.
Property Type
Residential apartments, independent houses, villas, approved under-construction properties, and in some cases plots, subject to lender policy.
Nationality
Indian residents and NRIs, depending on lender eligibility norms.
Documents Required
Requirement
Details
Identity proof
PAN Card, Aadhaar Card, Passport, Voter ID, or Driving Licence
Address proof
Aadhaar Card, Passport, or Utility Bill
Income proof
Latest 6-12 months bank statements showing regular income inflow
Property details
Basic property information, including property type and ownership status.
Existing obligations
Details of any current EMIs or liabilities, if applicable
No credit bureau inquiry is done at this stage.Indicative eligibility and possible loan options are shared before formal login.
LAP Interest Rates, Fees and Charges
Item
Details
Interest rate
Interest rates are linked to the policy repo rate. Policy Repo Rate + 3.05% to 7.50%, which currently works out to 8.30% to 12.75% per annum. Final rates depend on your profile, property, and lender policy.
Part-Prepayment / Foreclosure Charges
Floating Rate Loans: No prepayment or foreclosure charges. Fixed Rate Loans: Up to 2% to 4% of the outstanding principal, as per lender terms.
Stamp Duty & Legal Charges
As per state regulations. Charged for loan agreement execution and registration. Women applicants receive 1–2% discount in most states
Questions? We've Got Answers.
Unlock Property Value
Without Guesswork
Compare LAP structures, rates, and lender fit before you move ahead.
