Loan Against Property (LAP)
Unlock the value of your residential or commercial property with LAP from ₹20 Lakh up to ₹500 Crore.
Loan Against Property — Unlock Big, Pay Small
Loan Against Property (LAP) is a secured loan where you mortgage a residential, commercial or industrial property to obtain a large loan at low interest rates. Because it is backed by collateral, LAP offers substantially lower rates than personal or business loans, and much longer tenure.
LAP is a versatile facility — you can use the funds for business expansion, higher education, medical needs, wedding, debt consolidation or any legitimate purpose. Overdraft variants let you draw and repay as needed, paying interest only on the utilised portion.
Loansathi Finverse helps you evaluate 15+ LAP offers, negotiate the best rate, and manage valuation, legal and technical formalities end to end.
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Key Features & Benefits
High Loan Amount
Up to 70% of property market value.
Low Interest
Starting 9.25% p.a.
Long Tenure
Repay in up to 15 years.
Overdraft Option
Draw as needed, save on interest.
All Property Types
Residential, commercial, industrial.
Any End-Use
Personal or business purpose.
Eligibility Criteria
- ✅ Age: 21 to 70 years (at maturity)
- ✅ Salaried or self-employed
- ✅ Minimum income ₹30,000/month
- ✅ Property should be self-owned & legally clear
- ✅ Minimum CIBIL: 675+
- ✅ Property should not be older than 25 years typically
Documents Required
- 📄 KYC — PAN, Aadhaar, address
- 📄 Income proof (salary slips / ITR)
- 📄 Bank statement (12 months)
- 📄 Property title deeds — chain documents
- 📄 Sale deed, mutation, tax receipts
- 📄 Approved building plan
- 📄 Business proof (if applicable)
FAQs about Loan Against Property (LAP)
Typically 50–70% of property value depending on property type and location.
Yes, if you own it. Some banks also fund LAP against tenanted properties with lease rental discounting.
Yes, for floating LAP for individuals prepayment is free. Business LAP may have 2–4% foreclosure charges.
Very few lenders fund pure vacant land — most require constructed property.