Secured Mortgage Financing

Loan Against Property (LAP)

Q: How much loan can I get against my property?

Lenders typically sanction between 50% and 70% of the independent market valuation for residential property, and 40% to 60% for commercial properties, subject to your income eligibility.

Q: Can I continue using my property after taking a LAP?

Absolutely. You retain full ownership, physical possession, and usage rights (including residing in it or collecting rental yields). The lender only holds the original title documents as mortgage security until the loan is fully repaid.

Q: Is LAP better than a Personal Loan?

For funding requirements exceeding ₹15–20 Lakhs, LAP is generally far superior due to significantly lower interest rates (starting ~9.25% vs 10.50–16%) and longer tenures (up to 15–20 years vs 5–7 years), which results in much smaller monthly EMIs.

Unlock substantial capital from your residential or commercial real estate at attractive interest rates.

Indicative Rates9.25% – 12.50% p.a.

Repayment TenureUp to 15–20 Years

Borrowing LimitUp to ₹15 Crores

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Product Brief

Understanding Loan Against Property

Loan Against Property (LAP) is a versatile secured loan where you mortgage a freehold residential, commercial, or industrial property to access substantial long-term capital.

Because the loan is backed by physical real estate, lenders provide significantly lower interest rates and longer tenures than unsecured personal or business loans.

Use the proceeds freely for corporate expansion, working capital, child education abroad, medical treatments, or debt rationalization.

Key Advantages & Terms

Substantially Lower Interest Rates

Secured mortgage backing ensures rates far below standard unsecured personal or commercial debt.

Longer Repayment Horizon

Repay comfortably over 10 to 15 (and up to 20) years to preserve monthly operating cash flow.

High Borrowing Capacity

Access up to 50% to 70% of the assessed fair market value of your residential or commercial asset.

Retain Property Ownership & Usage

Continue living in or collecting rental income from the mortgaged property throughout the loan tenure.

Borrower Profile

Who is this loan suited for?

Business owners needing substantial working capital or machinery expansion funds at affordable interest rates

Property owners looking to consolidate multiple high-cost short-term loans into a single manageable low-interest mortgage

Families financing large personal investments like overseas education or comprehensive estate construction

Individuals holding self-occupied or rented residential/commercial property with clear title

Underwriting Standards

Eligibility Criteria

Requirements vary slightly by lender, but the parameters below reflect baseline criteria across our private banking network.

Salaried Professionals

Corporate & Public Sector Employees

Age between 23 and 60 years at loan maturity

Minimum net monthly income of ₹35,000

Property must be freehold, fully constructed, and legally registered in the applicant’s name

Self-Employed Borrowers

Business Owners, Traders & Professionals

Age between 25 and 68 years

Minimum 3 years in current business or professional practice

Demonstrated ability to service monthly EMIs through clean ITR filings and audited balance sheets

Clear title chain without prior legal attachments or dispute disputes

Documentation Checklist

Required Verification Records

Having clear copies of these records prepared significantly accelerates your loan processing and sanction turnaround.

Identity Proof

• PAN Card
• Aadhaar Card
• Passport / Voter Card of all property co-owners

Income Records

• Latest 6 months salary slips or last 2 years audited business ITRs
• Latest 12 months primary bank statements

Address Proof

• Utility bill or current registered address proof

Collateral / Entity

• Registered Title Deed / Sale Deed / Conveyance Deed
• Prior title document chain for past 13–30 years
• Latest property tax receipts, approved building layout plan, and society NOC

Loan Against Property Estimator

Calculate Your Loan Against Property EMI

Simulate loan installments based on indicative rates for Loan Against Property.

Loan Against Property Installment Calculator

Adjust parameters to estimate monthly installments and total repayment breakdown.

Loan Amount

₹

₹50,000₹50 Lakhs₹1 Crore

Interest Rate (% p.a.)

7.0%12.0%22.0%

Loan Tenure (Years)

Yrs

1 Year15 Years30 Years

Monthly Installment (EMI)

₹51,759 / month

Principal Amount:₹40,00,000

Total Interest Payable:₹22,11,080

Total Repayment:₹62,11,080

Principal (64%)Interest (36%)

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Support & Answers

Loan Against Property FAQs

Everything you need to know about Loan Against Property underwriting, processing, and eligibility.

What types of properties are accepted for Loan Against Property?

Most partner institutions accept fully constructed residential homes, apartments, commercial offices, retail shops, and select approved industrial sheds with clear freehold titles.

How much loan can I get against my property?

Can I continue using my property after taking a LAP?

Is LAP better than a Personal Loan?

Ready to explore your Loan Against Property options?

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