What it is
A loan against property uses a residential or commercial property you own as security. Because it is secured, the rate is well below a personal or business loan and the tenure is longer. The amount depends on the property's value and on your income; both are checked.
Who it suits
- Business owners who need larger funds at a lower rate
- Families funding education or a major expense
- Owners consolidating several expensive loans into one
Which lenders fit
Typical appetite by lender type for a well-documented profile. Your own answers can change this — run a Match Check.
Possible
Private banks price well for strong scores and documented income, and move quickly.
Strong fit
Public sector banks often have the lowest rates, with stricter paperwork and slower turnaround.
Strong fit
NBFCs accept a wider range of profiles, including the self-employed, usually at a higher rate.
Strong fit
Housing finance companies specialise in property loans and are flexible about income proof.
Possible
Small finance banks lend to thinner files and smaller towns, usually at a higher rate.
Typical eligibility
Salaried
- Stable income that covers the EMI along with existing obligations
- Property in the applicant's or co-applicant's name with a clear title
Self-employed
- Business running for at least 3 years with ITR support
- Property with clear title, approved construction and no disputes
Each lender sets its own criteria. These are common starting points, not guarantees.
Documents to keep ready
- PAN and Aadhaar of all applicants
- Income proof: salary slips or ITR with financials
- Last 6–12 months' bank statements
- Property papers: title deed, chain of documents, approved plan, latest tax receipt
- Existing loan statements, if any
You share documents only with your advisor or the lender, never on this website.
Indicative rates
| Lender type | Rate range | Processing fee | Max tenure | As of |
|---|---|---|---|---|
| Private banks sample | 9.25 – 11.50 % | 0.50–1.00 % | 15 yrs | 19 Sep 2026 |
| Public sector banks sample | 9.25 – 11.00 % | 0.35–1.00 % | 15 yrs | 19 Sep 2026 |
| Housing finance sample | 9.75 – 12.50 % | 1.00 % | 15 yrs | 19 Sep 2026 |
| NBFCs sample | 10.50 – 14.00 % | 1.00–2.00 % | 15 yrs | 19 Sep 2026 |
| Small finance banks sample | 11.50 – 16.00 % | 1.00–2.00 % | 12 yrs | 19 Sep 2026 |
Questions
How much can I get against my property?
Typically 50–70 % of the market value, depending on the property type and the lender.
Can I use a commercial property?
Yes, most lenders accept commercial property, sometimes at a slightly lower loan-to-value ratio.
What slows a LAP down?
Gaps in the property's title chain and valuation differences are the two most common reasons.