Leverage your residential or commercial property to get a secured loan at attractive interest rates. Use it for business, personal needs, or debt consolidation.
Bank Name
Property Value
Rate of Interest
Loan Tenure
Loan Amount
CIBIL Score
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HDFC LAP
₹1 Crore+
9.0%
120 Months
₹50,00,000
750+
ICICI LAP
₹1.5 Crore+
8.75%
180 Months
₹75,00,000
780+
Axis LAP
₹1 Crore+
9.25%
150 Months
₹60,00,000
720+
🔥 LAP EMI Calculator
📊 Loan Summary
Monthly EMI: ₹0
Total Interest: ₹0
Total Payment: ₹0
📈 EMI Breakdown
Principal: ₹0
Interest: ₹0
What is a Loan Against Property (LAP)?
LAP is a secured loan where you pledge your residential or commercial property to avail funds. It’s typically used for business expansion, personal needs, or debt consolidation, with lower interest rates than unsecured loans.
How Does LAP Work?
After property valuation and verification, the bank provides a loan amount (usually 40–70% of property value). Borrowers repay in EMIs over the chosen tenure.
Application & KYC Submission
Property Verification & Valuation
Loan Approval & Agreement
Disbursement
Repayment in EMIs
Prepayment Option
Completion of Loan
Features of LAP
Loan Amount: 40–70% of property value
Interest Rate: Lower than unsecured loans
Loan Tenure: 5–15 years (60–180 months)
Repayment: Monthly EMIs
Secured: Property used as collateral
Prepayment: Allowed with nominal charges
Required Documents
KYC (PAN, Aadhar)
Income Proof (Salary Slips/IT Returns)
Property Documents (Title Deed, Sale Deed, NOC)
Bank Statements (6–12 months)
Business/Employment Proof
Eligibility Criteria
Age 21–65 years
Minimum CIBIL Score: 700+
Stable income source
Clear property title
Salaried & Self-employed eligible
FAQs
1. What is LAP?
A secured loan using your property as collateral to get funds.
2. How does it work?
Property is valued, loan approved, and repayment is made in EMIs.
3. What can LAP be used for?
Business expansion, personal needs, debt consolidation.
4. How to qualify?
Meet eligibility including income, CIBIL score, and property ownership.
5. Secured vs Unsecured?
LAP is secured using property, unlike personal loans.
