Unlock the Potential of Converting Your Property into Capital with Our Loan Against Property Option !
Ease your financial concerns with our Loan Against Property option, Enjoy the benefits of lower interest rates and fast approval!
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Loan Against Property
Unlock 60–70% of your property's value at low rates from 7.8%.
- Loan Against Property (LAP) — secured loan against residential/commercial/industrial/land/special property (hotel, hospital, school, colleges)
- 20+ banks & NBFCs
- Quick approval & disbursal
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- Compare with zero credit-score impact
Loan Against Property options
The loan against property products we help you compare and apply for across our partnered banks and NBFCs.
- Loan Against Property (LAP) — secured loan against residential/commercial/industrial/land/special property (hotel, hospital, school, colleges)
Key features & benefits
Secured loan with property as collateral
Lower interest rates than unsecured loans
Fast approval
Typically 60% to 70% of property's current market value
Repayment tenure 5 to 15 years
Top-up option on existing LAP
Prepayment / foreclosure allowed (penalty may apply)
Loan Against Property interest rates
Indicative loan against property rates, processing fees and loan amounts across our partnered banks and NBFCs. Final terms are set by the lender on approval.
| Bank / NBFC | Interest Rate | Processing Fee | Loan Amount | Apply |
|---|---|---|---|---|
| ICICI Bank | 08.25% to 11.50% | 0.60% + GST to 1% + GST | 5 lacs to 15 crore | Apply |
| Kotak Mahindra Bank | 08.25% to 11.50% | 0.60% + GST to 1% + GST | 5 lacs to 15 crore | Apply |
| HDFC Bank | 08.25% to 11.50% | 0.60% + GST to 1% + GST | 5 lacs to 15 crore | Apply |
| Axis Bank | 08.25% to 11.50% | 0.60% + GST to 1% + GST | 5 lacs to 15 crore | Apply |
| IDFC Bank | 09.40% to 10.25% | 0.5% + GST to 1% + GST | 50 lakh to 50 crore | Apply |
| Godrej Capital | 09.50% to 11.50% | 0.60% + GST to 1% + GST | 5 lakh to 50 crore | Apply |
| L&T Housing Finance | 09.50% to 11.50% | 0.60% + GST to 1% + GST | 5 lacs to 50 crore | Apply |
| Axis Finance | 10.50% to 12.50% | 0.75% to 1% | 20 lacs to 15 crore | Apply |
| Bajaj Finance | 09.75% to 11.00% | 0.60% + GST to 1% + GST | 20 lacs to 15 crore | Apply |
| RBL Bank | 09.75% to 11.00% | 0.60% + GST to 1% + GST | 20 lacs to 15 crore | Apply |
| Piramal | 11.25% to 13.00% | 1.50% | 12 lakh to 5 crore | Apply |
| ICICI HFC | 10.00% to 15.00% | 1% | 10 lakh to 10 crore | Apply |
ICICI Bank
Apply- Interest Rate
- 08.25% to 11.50%
- Processing Fee
- 0.60% + GST to 1% + GST
- Loan Amount
- 5 lacs to 15 crore
Kotak Mahindra Bank
Apply- Interest Rate
- 08.25% to 11.50%
- Processing Fee
- 0.60% + GST to 1% + GST
- Loan Amount
- 5 lacs to 15 crore
HDFC Bank
Apply- Interest Rate
- 08.25% to 11.50%
- Processing Fee
- 0.60% + GST to 1% + GST
- Loan Amount
- 5 lacs to 15 crore
Axis Bank
Apply- Interest Rate
- 08.25% to 11.50%
- Processing Fee
- 0.60% + GST to 1% + GST
- Loan Amount
- 5 lacs to 15 crore
IDFC Bank
Apply- Interest Rate
- 09.40% to 10.25%
- Processing Fee
- 0.5% + GST to 1% + GST
- Loan Amount
- 50 lakh to 50 crore
Godrej Capital
Apply- Interest Rate
- 09.50% to 11.50%
- Processing Fee
- 0.60% + GST to 1% + GST
- Loan Amount
- 5 lakh to 50 crore
L&T Housing Finance
Apply- Interest Rate
- 09.50% to 11.50%
- Processing Fee
- 0.60% + GST to 1% + GST
- Loan Amount
- 5 lacs to 50 crore
Axis Finance
Apply- Interest Rate
- 10.50% to 12.50%
- Processing Fee
- 0.75% to 1%
- Loan Amount
- 20 lacs to 15 crore
Bajaj Finance
Apply- Interest Rate
- 09.75% to 11.00%
- Processing Fee
- 0.60% + GST to 1% + GST
- Loan Amount
- 20 lacs to 15 crore
RBL Bank
Apply- Interest Rate
- 09.75% to 11.00%
- Processing Fee
- 0.60% + GST to 1% + GST
- Loan Amount
- 20 lacs to 15 crore
Piramal
Apply- Interest Rate
- 11.25% to 13.00%
- Processing Fee
- 1.50%
- Loan Amount
- 12 lakh to 5 crore
ICICI HFC
Apply- Interest Rate
- 10.00% to 15.00%
- Processing Fee
- 1%
- Loan Amount
- 10 lakh to 10 crore
Rates are indicative and lender-provided; they vary by profile, amount and tenure. PakkaLoan does not lend directly.
Eligibility & documents
Check that you meet the criteria and keep these documents handy for a faster approval.
Eligibility criteria
- Age: above 21 years at commencement, up to 65 years or less at maturity
- Age: Salaried Person - 21 years to 58 years
- Age: Self-Employed Person - 25 years to 65 years
- Nationality: Citizen of India
- Occupation and Income: details to prove professional and financial stability
- Credit History: three-digit Credit Score as deciding factor
- Banking Relationship: healthy relationship offers better terms
- Market Value of Property: determines loan amount and terms
- Title of Property: current owner, clear title, not mortgaged elsewhere
Documents required
- Proof of Identity/Residence
- Documents confirming identity and address, such as Passport, Aadhar, or Utility Bills
- Proof of Income
- Salary slips, ITR, or financial statements for self-employed applicants
- Property-Related Documents
- Title deed, encumbrance certificate, and previous sale deeds
- Proof of Business (for self-employed)
- Business registration documents or certificates
- Account Statement
- Account statement for the latest 12-18 months
Not sure which offer fits?
Get a free, no-obligation callback from a loan expert who can compare loan against property offers across our partnered banks and NBFCs and help you pick the right one. We forward your enquiry to a lending partner — we don't lend or decide approvals ourselves.
Request a callback
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Fees & charges
The fees and charges usually vary from lender to lender and from case to case.
| Particulars | Charges |
|---|---|
| Loan Processing Fees | 0.5% to 4% of Loan Amount |
| Loan Cancellation | Usually 3000 to 5% of Loan Amount |
| Stamp Duty Charges | As per the Value of the Property and State Tax |
| Legal Fees | As per actual |
| Penal Charges | Usually 2% per month |
| EMI / Cheque Bounce | Approx 499/- to 599/- |
Loan Processing Fees
0.5% to 4% of Loan Amount
Loan Cancellation
Usually 3000 to 5% of Loan Amount
Stamp Duty Charges
As per the Value of the Property and State Tax
Legal Fees
As per actual
Penal Charges
Usually 2% per month
EMI / Cheque Bounce
Approx 499/- to 599/-
Estimate your loan against property EMI
Seeded with indicative loan against property terms. Adjust the amount, rate and tenure to see your monthly instalment and total interest.
Loan Against Property EMI calculator
Drag the sliders to estimate your monthly instalment, total interest and total amount payable. Figures are indicative.
- Principal83%
- Interest17%
Monthly EMI
₹50,51,257
over 60 monthly installments
Principal amount
₹25,03,00,000
Total interest
₹5,27,75,447
17.4% of total payment
Total payable
₹30,30,75,447
principal + interest
Checking offers won't affect your credit score.
Understanding your loan against property
Plain-English context to help you compare offers with confidence. General guidance only — your final terms are always set by the lender on approval.
How valuation and LTV decide your amount
Before sanctioning a loan against property, lenders arrange an independent valuation to estimate the property's current market value. The loan is then offered as a share of that value — the loan-to-value ratio — rather than the full worth of the property. Because the valuation drives the amount, the figure you ultimately receive can differ from your own estimate, and the exact ratio applied is set by each lender's policy.
You keep using your property
Pledging a property as collateral does not mean handing it over. You continue to own, live in or operate from the property throughout the loan, while the lender holds a charge on it as security until the loan is repaid. Clear, dispute-free ownership documents are central to this, which is why title and encumbrance checks form a key part of the process.
Understand the risk before you pledge
Because the loan is secured against an asset you own, falling behind on repayments can ultimately put that property at risk, so it's worth borrowing conservatively against it. The trade-off is that this security is what allows a larger amount and a lower rate than an unsecured loan. Reviewing your repayment capacity against the EMI — which you can model in the calculator above — before committing helps keep the arrangement safe.
Loan Against Property FAQs
Common questions about loan against property eligibility, rates, tenure and repayment.
A loan against property (LAP) is a secured loan that is provided by financial institutions where borrowers can pledge their residential, commercial, or industrial property as collateral to avail funds.
Properties like residential homes, commercial buildings, industrial property, or land can be pledged for a loan against property, provided they are free of any legal disputes or encumbrances.
The loan amount depends on the market value of the property and the lender's policies. Typically, you can avail of 60% to 70% of the property's current market value as a loan.
The repayment tenure for a loan against property can range from 5 years to 15 years, depending on the lender and the loan agreement.
Interest rates for loans against property are generally lower compared to unsecured loans. The rates typically range from 9% to 14%, depending on the lender and the borrower's profile.
Yes, most lenders allow prepayment or foreclosure of loans against property, but some may charge a penalty. It is advisable to check the prepayment terms with the lender before proceeding.
Eligibility criteria include the property's ownership, the borrower's income, age, and credit score. The property should be free from legal disputes and have clear ownership documents.
Yes, if the value of your property has appreciated or if you've repaid a significant portion of your loan, many lenders offer the option to top-up your existing loan against property. This allows you to access additional funds at a relatively lower interest rate compared to unsecured loans. Contact your lender to explore the top-up options available based on your current property value and repayment history.
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Important — please read
PakkaLoan is a digital loan-aggregation platform that helps users discover and apply for loan offers from partnered banks and NBFCs. PakkaLoan does not lend directly — final approval, interest rates and disbursal are determined solely by the respective lending partner. Loan offers are subject to standard credit-approval processes.
Loan Against Property interest rates, processing fees, eligibility and loan amounts shown are indicative, provided by partnered banks & NBFCs, and vary by your profile, amount and tenure. The EMI calculator gives an estimate only. PakkaLoan does not lend, charge borrowers a fee, guarantee approval, or pull your credit-bureau score; your details are shared with lending partners only with your consent.
Apply for your Loan Against Property today
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