Loan Against Property
Interest Rates & Comparison
Leverage the value of your commercial or residential property to fund large expenditures. Loan Against Property (LAP) offers lower interest rates than personal loans with longer repayment tenures.
- Rates from 9.15% p.a.
- Up to 70% property value
- Repayments up to 15 Yrs
- Commercial & residential
- Lower rates than personal
- Simple interest calculations
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Compare Loan Against Property Rates from Top Banks
| Lender | Interest Rate (p.a.) | Processing Fee | Min Monthly Income | Max Tenure |
|---|---|---|---|---|
 | 9.50% - 11.00% | 0.5% - 1.5% | ₹15,000 / month | 15 Years |
 | 9.25% - 11.50% | Up to 2.5% | ₹25,000 / month | 15 Years |
 | 9.25% - 12.00% | 0.99% - 2.5% | ₹25,000 / month | 15 Years |
 | 9.50% - 11.75% | Up to 2.0% | ₹20,000 / month | 15 Years |
 | 9.15% - 11.50% | 0.5% - 1.0% | ₹15,000 / month | 15 Years |
 | 9.40% - 12.50% | Up to 3.0% | ₹25,000 / month | 15 Years |
Loan Against Property EMI Calculator
Eligibility & Property Valuation
Property valuation and legal vetting are critical steps in secured loan processing.
Eligibility Criteria:
- Property: Clean title, free from legal disputes, approved construction layout.
- Income: Stable salary or business turnover matching EMI paying capacity.
- Credit Score: Credit score of 700+ is generally expected.
- Age: Minimum 21 years, Maximum 65 years at maturity.
Property Documents Checklist:
- Original registered sale deed/allotment letter.
- Chain of deeds tracing ownership for the past 13 to 30 years.
- Approved map/blueprint from local municipal corporation.
- Latest property tax receipts and utility bills.
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General Borrowing FAQs (IndiaLends)
The debt-to-income (DTI) ratio is the percentage of your monthly income that goes toward paying off existing debts (EMIs). Lenders prefer a DTI ratio below 40% to 50%. A high DTI ratio suggests you might be over-leveraged, which increases risk and can lead to loan rejection even if you have a good credit score.
Lenders look at several key factors: 1) Your credit score and repayment history, 2) Monthly net income and stability of employment, 3) Your age (typically between 21 and 60/65 years), 4) Your debt-to-income ratio, and 5) The type of employer you work for (corporate employees, PSU employees, and government staff are often considered low-risk).
In addition to the interest rate, you should watch out for: 1) Processing fees (usually 0.5% to 3% of the loan amount), 2) Prepayment or foreclosure charges (fees for paying off the loan early), 3) Documentation or stamp duty charges, and 4) Late payment fees or bounce charges in case of missed payments.