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Loan Against Property (LAP) — Unlock Funds from Your Property
Loan Against Property
Put the property you own to work
A loan against property (LAP) is a secured mortgage loan raised against a residential or commercial property you already own. You keep using the property while you borrow against its value — for a large, long-tenure facility at a rate lower than a personal loan and higher than a home loan. The end-use is flexible: business expansion, a child's education, a wedding or consolidating costlier debt — but not speculative or prohibited purposes. As an intermediary, we compare lenders so you get the right structure, a sharp rate and a clear cost picture before you commit.
We are not a lender — the loan is sanctioned and disbursed by our partner bank or NBFC at their discretion, against the property and your repayment capacity. One thing to know up front: LAP interest is not deductible under §24(b) unless the funds are demonstrably used to acquire, construct or repair a house property; if the money is used for your business, the interest may instead be claimed as a business expense.
Loan amount*₹5 L – ₹25 Cr
Interest rate*9.5%–13% p.a.
Max tenure*Up to 15–20 yrs
Funding (LTV)*50%–70% of value
Processing fee*0.5%–2% + GST
*Indicative and subject to change — the actual amount, rate, tenure, LTV and fees are set by the lender per RBI norms, the property and your profile. See the full disclaimer in the footer.
Who it's for
Large-ticket funds against property you own
Salaried professionals
Raise a large facility against your home for education, a wedding or to consolidate costlier loans.
Self-employed
ITR and cash-flow-based underwriting for professionals who need working capital or growth funds.
Business owners
Fund expansion, inventory or machinery against a residential or commercial property you hold.
Residential or commercial owners
Mortgage a self-occupied, let-out or vacant property with clear, marketable title.
Features & benefits
Why borrowers choose a loan against property
Large ticket sizes
Indicatively ₹5 L to ₹25 Cr*, set against the value of the property you pledge.
Lower rate than a personal loan
Because it is secured, LAP is cheaper than an unsecured personal loan — though higher than a home loan.
Long tenure, easy EMIs
Spread repayment over up to 15–20 years* to keep the monthly outflow comfortable.
Flexible, non-speculative end-use
Business, education, marriage or debt consolidation — not stock-market or other prohibited purposes.
Keep using your property
You continue to live in or earn rent from the property while it secures the loan.
Lenders compared for you
One application, a written comparison, and an advisor you can reach by name.
Eligibility
Who qualifies for a loan against property
| Criteria | Salaried | Self-employed / business |
|---|---|---|
| Age | 21–60 years (at maturity) | 21–70 years (at maturity) |
| Income / vintage | Stable monthly income; usually 2+ years of work | Profitable business; usually 3+ years of ITRs |
| Property ownership | You must own the residential or commercial property being mortgaged, with clear title | |
| CIBIL score | Typically 700+ helps you qualify for sharper rates; we can still help if it's lower | |
| Property | Clear, marketable title; approved by the lender's legal & technical team | |
| Co-applicant | Co-owners of the property usually join as co-applicants; adding income can raise eligibility | |
Eligibility is indicative and finally determined by the lender's policy and credit assessment.
Documents
What you'll typically need
Salaried
- PAN & Aadhaar (KYC), recent photographs
- Latest 3 months' salary slips
- Last 6 months' bank statements (salary account)
- Form 16 / latest 2 years' ITR
- Employment / appointment proof
- Property title deed, chain & approved plan of the property being mortgaged
Self-employed / business
- PAN & Aadhaar (KYC), recent photographs
- Last 3 years' ITR with computation of income
- Audited financials / P&L & balance sheet
- Last 12 months' bank statements (business & personal)
- Business proof (GST, registration, licence)
- Property title deed, chain & approved plan of the property being mortgaged
Exact documents vary by lender and profile — we share a personalised checklist once we understand your case.
Rates, fees & charges
Indicative cost of a loan against property
| Item | Indicative* |
|---|---|
| Interest rate | 9.5% – 13% p.a. (floating, linked to an external benchmark) |
| Loan-to-value (LTV) | 50% – 70% of market value (lower for commercial / let-out property) |
| Processing fee | 0.5% – 2% of loan amount + GST |
| Legal & technical / valuation | ₹5,000 – ₹15,000 (lender / property dependent) |
| Prepayment / foreclosure | NIL on floating-rate loans to individuals for non-business end-use; may apply otherwise (per sanction) |
| Late payment / bounce | Penal interest + flat charge as per sanction |
*Indicative as of the current period and subject to change without notice. Final rates, LTV and fees are set by the lender in the sanction letter.
How it works
From first call to disbursal —
four simple steps.
01
Share your goal
Tell us your funding need, income and the property you own — by phone or our web form.
02
Compare & choose
We compare lenders and present a clear, written shortlist with LTV and rate.
03
Documentation & sanction
We prepare your file and coordinate property valuation, legal check and sanction.
04
Disbursal & beyond
Funds are disbursed — and we stay available for top-ups and queries.
Tax treatment
Tax on a loan against property
Unlike a home loan, a LAP gives no automatic tax benefit. Whether you can deduct the interest depends entirely on how you use the money — the end-use rule below decides your treatment.
Used for a house property
If the funds are demonstrably used to acquire, construct or repair a house property, the interest may qualify under §24(b) — subject to the usual limits and proof of end-use.
Used for your business
If the money is put to use in your business or profession, the interest can usually be claimed as a business expense under §36/§37, against business income.
Personal / consumption use
For purely personal use — a wedding, travel or general consumption — there is generally no deduction on the interest, and §80C principal benefit does not apply to LAP.
There is no §80C principal deduction on a LAP, and §24(b) applies only on proof that the funds went into a house property. Tax benefits depend on your situation and the law in force — this is general information, not tax advice; please confirm with a tax professional.
Estimate your EMI and what you could borrow
Free, instant and built for Indian borrowers — use the Home Loan EMI tool for an indicative LAP EMI, then check your eligibility, or talk to an advisor.
FAQs
Loan against property — questions, answered
A loan against property is a secured mortgage loan you raise against a residential or commercial property you already own. You keep using the property while it secures a large, long-tenure loan, typically at a rate lower than a personal loan and higher than a home loan. The lender places a charge on the property and disburses the funds for your approved end-use.
End-use is flexible — common purposes include business expansion or working capital, a child's higher education, a wedding, medical needs or consolidating costlier debt. It must not be used for speculative purposes such as buying shares or other prohibited uses; lenders may ask you to declare the end-use and decline speculative ones.
Lenders fund a share of the property's market value — the loan-to-value (LTV) — indicatively 50%–70%. Residential property usually fetches a higher LTV than commercial or let-out property, which lenders see as less liquid and so fund more conservatively. The final LTV depends on the lender's valuation and your repayment capacity.
It depends on the end-use. The interest is not deductible under §24(b) unless the funds are demonstrably used to acquire, construct or repair a house property. If the money is used in your business or profession, the interest may instead be claimed as a business expense. For purely personal use there is generally no deduction, and there is no §80C principal benefit on a LAP. Please confirm with a tax professional.
Because a LAP is secured by your property, it is cheaper than an unsecured personal loan, with larger ticket sizes and longer tenure. It is, however, costlier than a home loan, where the funds are tied to buying or building the home itself. Indicatively, LAP rates run 9.5%–13% p.a., between home-loan and personal-loan levels; your final rate depends on the lender, the property and your credit profile.
Most lenders offer up to 15–20 years, capped by your age at loan maturity and the property's profile. A longer tenure lowers the EMI but increases the total interest you pay over the life of the loan.
Typically KYC (PAN & Aadhaar), income proof (salary slips and Form 16 / ITR for salaried, or 3 years' ITR and financials for self-employed), recent bank statements, and the full property documents — title deed, ownership chain and approved plan of the property being mortgaged. We share a personalised checklist once we understand your case.
Yes — a let-out residential or commercial property can usually be mortgaged for a LAP, provided you own it with clear title. Lenders may apply a more conservative LTV and review the lease and rental position, but the existing tenancy does not by itself prevent the loan. The final call rests with the lender's legal and technical assessment.
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