Loan Against Property (LAP)
A secured loan against your residential, commercial or industrial property — lower rates and higher loan amounts.
It is a type of secured loan where borrowers use their residential, commercial, or industrial property as collateral to obtain funds from a lender. Unlike a personal loan, which is unsecured, a LAP is backed by a tangible asset, which allows lenders to offer lower interest rates and higher loan amounts.
Advantages of LAP
Lower Interest Rates
Compared to personal loans, LAPs offer lower interest rates due to the collateral provided.
Higher Loan Amounts
Because the loan is secured, borrowers can typically get a larger loan amount compared to unsecured loans.
Flexible Repayment Options
Longer tenure options make repayment more flexible.
Guides in this section
Detailed guidance on loan against property.
Key Features of LAP
Collateral, loan amount, interest rates, tenure, usage, eligibility, foreclosure risk and prepayment charges.
Read guideRate of Interest on LAP
Typical LAP interest rate ranges for banks and NBFCs, and the factors that influence the rate you are offered.
Read guideEligibility Criteria & Documents Required for LAP
Nationality, age, CIBIL score and occupation requirements, plus the document checklist for a Loan Against Property.
Read guideLoan Against Property EMI calculator
Estimate the monthly instalment on a loan against property. Indicative only — your final rate depends on the lender, your profile and the collateral offered.
Prefer exact numbers? Type them in — the sliders and the boxes stay in sync.
Monthly EMI
₹44,186
over 240 monthly instalments
- Principal
- ₹50,00,000
- Total interest
- ₹56,04,529
- Total payable
- ₹1,06,04,529
Talk to Mr. Manish Jotwani on 9650-50-6444
Have a question about Loan Against Property?
Every case is different — especially when it is mixed with the legal aspects of collateral. Talk to us directly and we will tell you where you stand.