Loan against property
A loan against property (LAP) uses a residential or commercial property as security. It is cheaper than unsecured loans and can run up to 15 years.
Check your own eligibility in 2 minutesFree · no credit-score enquiry · lender-wise amount, rate and EMI
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| Lender | Type | Rate range | Up to | Min score |
|---|---|---|---|---|
| HDFC Bank Loan Against Property | Private Bank | 8.75% – 10.75% | ₹15 Cr | 700 |
| ICICI Bank Loan Against Property | Private Bank | 9.00% – 11.00% | ₹10 Cr | 700 |
| State Bank of India Loan Against Property | Public Sector Bank | 9.25% – 10.50% | ₹7.5 Cr | 700 |
| LIC Housing Finance Loan Against Property | Housing Finance Co. | 9.25% – 11.50% | ₹10 Cr | 700 |
| Bajaj Finance Loan Against Property | NBFC | 9.50% – 18.00% | ₹10 Cr | 685 |
| Tata Capital Loan Against Property | NBFC | 9.50% – 16.00% | ₹10 Cr | 700 |
| Aditya Birla Capital Loan Against Property | NBFC | 9.50% – 15.00% | ₹10 Cr | 700 |
| PNB Housing Finance Loan Against Property | Housing Finance Co. | 9.50% – 14.00% | ₹5 Cr | 650 |
| Cholamandalam Investment Loan Against Property | NBFC | 9.50% – 14.00% | ₹5 Cr | 650 |
| Piramal Finance Loan Against Property (informal income) | NBFC | 10.50% – 16.00% | ₹3 Cr | 650 |
As on 26 Oct 2026, RBI repo rate 5.50%. Indicative ranges; your rate depends on your profile.
See today’s rates from every lender →
Who is eligible
- Clear, marketable title in the borrower’s or co-borrower’s name
- Income to support the EMI – salaried or business
- Credit score of 650–700 or more
How much you can get
- 60–70% of the lender’s valuation for residential property, lower for commercial and industrial
- EMIs up to about 50–65% of income
- Tenure up to 15 years
Documents
- Title deeds and chain documents
- Approved plan and latest tax receipt
- Income proof and bank statements
Tips from our credit panel
- Lenders value at their own report, often 10–15% below market
- Banks are cheaper; NBFCs accept informal income
Common questions
How much can I get against my property?
Usually 60–70% of the lender’s valuation for residential property, subject to income.
Are there prepayment charges?
Floating-rate loans to individuals carry no prepayment charges under RBI rules.