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Quick Loan Against Property for Business & Personal Needs
Lower Interest Rates
Flexible Long Tenure
Higher Loan Amount on Property
Digital and Transparent Process
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What is a Loan Against Property?
A Loan Against Property (LAP) is a type of secured loan that lets you borrow money by using your home or commercial property as security. The amount is provided to you as per your property’s evaluation. You can use the money for anything from business to personal needs like education, medical emergencies, or to buy any product.
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Loan Against Property EMI Calculator
If you are planning to take a loan against property, then check the EMI you need to pay for the loan. Use our simple-to-use loan against property EMI calculator and make an informed decision:
Compare Top Banks and NBFCs Providing Loans Against Property
Let us compare the top banks and NBFCs that provide loans against property (LAP loan). With InvestKraft, you get the lowest interest rates for a loan against property:
| Lender | Interest Rate (p.a.) | Maximum LTV | Processing Fee | Link To Apply |
|---|---|---|---|---|
| SBI | From 10.40% | Up to 75% | 1% of loan amount | Click To Apply |
| HDFC Bank | From 8.95% | Up to 65% | Up to 1% or INR 10,000 | Click To Apply |
| ICICI Bank | From 9.00% | Up to 70% | 0.50% to 1% | Click To Apply |
| Axis Bank | From 9.25% | Up to 75% | Up to 1% or INR 25,000 | Click To Apply |
| IDFC First Bank | From 9.25% | Up to 75% | 1% | Click To Apply |
| Bajaj Finserv | From 9.75% | Up to 75% | Up to 1.2% | Click To Apply |
| Tata Capital | From 10.10% | Up to 70% | Up to 1% | Click To Apply |
| PNB Housing Finance | From 10.00% | Up to 70% | 0.50% – 1% | Click To Apply |
| LIC Housing Finance | From 9.75% | Up to 65% | Up to 1% | Click To Apply |
| Hero FinCorp | From 10.50% | Up to 70% | Varies by profile | Click To Apply |
*LTV is the percentage of your property's market value that a lender is willing to finance as a loan.
Benefits of Loan Against Property (LAP) from InvestKraft
The following are the benefits of the LAP loan from InvestKraft:
Higher Loan Amount
Get a higher loan amount for your property. Usually, more than what our competitors can provide.
Lower Interest Rates
With flexible EMIs and lower interest rates, you can be free from any financial pressure.
Quick Disbursal
We get your LAP loan approved and disbursed in a quick manner with minimum turnaround time.
Fully Digitalised Process
With InvestKraft, the entire process to get a LAP is online. You can apply from the comforts of your home anytime.
No Foreclosure Penalty
Pay back early if you want. If you have taken LAP loan with variable interest rates, then you do not have to pay any penalty for closing your loan account earlier.
Eligibility Criteria for Loan Against Property (LAP)
Let us see the eligibility criteria for a loan against property from the following table:
| Criteria | Salaried Individuals | Self-Employed / Professionals |
|---|---|---|
| Age (at application/maturity) | 21 to 60 years | 25 to 65 years (up to 70 years for some lenders) |
| Employment/Business Vintage | Minimum 2–3 years of stable employment | Minimum 3 years of business continuity |
| Minimum Income | Around ₹3 lakh p.a. (may vary by lender) | Based on ITR and business turnover (not always specified) |
| Credit Score | 700+ preferred | 700+ preferred |
| Property Ownership | Property should be in the applicant’s or co-applicant’s name | Same as salaried |
| Citizenship/Residency | Resident Indian with property in India | Same as salaried |
| Loan-to-Value (LTV) | Up to 75% of the property’s market value | Up to 75% of the property’s market value |
| Loan Tenure | Up to 15–20 years | Up to 15–20 years |
| FOIR (Fixed Obligations to Income Ratio) | Should be within acceptable limits (usually under 60%) | Same as salaried |
| Additional Conditions | Stable income, clear property title, no major liabilities | Audited financials, valid business registrations |
Please note that there can be some more eligibility criteria that depend on the lender, but these are the most common ones. In case of any queries, you can always contact us for expert advice.
Documents Required for a Loan Against Property (LAP Loan)
The following table shows the documents required for a Loan against property. Please note that these are the basic documents, and depending on the lender, there can be more documents:
| Document Category | Salaried | Self-Employed / Professional | Business Owner / Non-Professional |
|---|---|---|---|
| Application Form with Photograph | Yes | Yes | Yes |
| Identity Proof (PAN, Aadhaar) | Yes | Yes | Yes |
| Address Proof | Yes | Yes | Yes |
| Date of Birth Proof | Yes | Yes | Yes |
| Signature Proof | Yes | Yes | Yes |
| Latest 6 Months Bank Statement | Yes | Yes | Yes |
| Latest 3–6 Months Salary Slips | Yes | - | - |
| Form 16 / ITR (Last 2–3 Years) | Yes | Yes | Yes |
| Audited Financials / P&L Statements | - | Yes | Yes |
| Business Proof | - | Yes | Yes |
| Office Address Proof | - | Yes | Yes |
| Educational Qualification | May be required | May be required | May be required |
| Property Documents | Yes | Yes | Yes |
| Processing Fee Cheque | Yes | Yes | Yes |
| Passport Size Photos | Yes | Yes | Yes |
| Lease Agreement (if rental income) | If applicable | If applicable | If applicable |
| Rental Bank Statements (if applicable) | If applicable | If applicable | If applicable |
Interest Rates and Charges for LAP
There are certain terms, interest rates and charges that are applicable when you take a Loan Against Property (LAP). However, at InvestKraft, we are always ready to simplify complex jargon to simplified forms. Here is the table of all the important terms associated with LAP Loan:
| Particulars | Details |
|---|---|
| Interest Rates | Starts from as low as 8.75% p.a. (varies by lender and location). |
| Repayment Tenure | Flexible tenure of up to 20 yeaINR |
| Loan Amount (LTV: Loan-to-Value) | Get up to 70% of your property's market value as a loan. |
| Processing Fee | Usually, 0.5% to 2% of the loan amount (non-refundable), charged upfront. |
Different Types of Loan Against Property (LAP)
Invest in your future with a property mortgage loan solution that adapts to your needs.
Explore your eligibility for Investkraft's Loan Against Property today!
Is Your Property Lying Idle? Make Your Property Work For You
Now Apply Loan Against Property in 3 Easy Steps
Here is an easy way to secure a loan against an idle property.
Get Started
1Check Eligibility
Use our LAP Eligibility Calculator to Check Your Eligibility.
2 Submit the Docs
Next, Submit the Required Documents Online and Click Submit
3 Submit Application
Verify the Submitted Information and Click on Submit for Further Processing.
Leverage Your Property's Power for Your Financial Goals
Apply for a loan against property with Investkraft today!
Frequently Asked Questions
LAP is a secured loan where you mortgage a property you already own to get funds from a bank or NBFC — you retain ownership and use of the property while repaying the loan.
A home loan is used to buy or build a new property; LAP is taken against a property you already own for any personal or business purpose — no end-use restriction.
LAP is secured (lower interest rates, higher amounts, longer tenure); a personal loan is unsecured (faster approval, smaller amounts, shorter tenure, higher rates).
It is also called a mortgage loan, property mortgage loan, or simply LAP — the terms are interchangeable in the Indian lending market.
Yes — you retain full ownership and right to use or rent the property; the bank only holds the title deeds as security, not possession of the property.
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