Product · Loan Against Property

Loan Against Property (LAP)

Reviewed by Rushik Patel· Last reviewed: 25 Apr 2026stale

Loan Against Property (LAP) lets you mortgage your residential or commercial property to secure a high-value loan at lower interest rates than unsecured options. Ideal for business expansion, education funding, medical expenses, or debt consolidation. With Money Matrix Hub you get access to 40+ lenders offering up to 70% LTV at rates starting 8.75% p.a.

Starting rate

8.75% p.a.

Max amount

₹10 Cr

Max tenure

20 yrs

Processing fee

0.50% – 1.50%

WhatsApp Jay for rates Compare bank rates

Loan Against Property Interest Rates — All Banks Compared (April 2026)

Compare loan against property rates from 15 leading banks and NBFCs. Rates updated monthly.

Bank	Rate (p.a.)	Processing Fee	Max Amount	Max Tenure	Highlights
SBI	8.75% – 10.5%Lowest	0.50% (max Rs 50,000)	Rs 7.5 Cr	15 yrs	Up to 65% LTV
Bajaj	8.75% – 11%Lowest	1.00% (max Rs 50,000)	Rs 10 Cr	20 yrs	Up to 70% LTV
BoB	8.85% – 10.75%	0.50% (max Rs 50,000)	Rs 7.5 Cr	15 yrs	Up to 65% LTV
PNB	8.9% – 10.9%	0.50% (max Rs 50,000)	Rs 5 Cr	15 yrs	Up to 60% LTV
Union	8.9% – 11%	0.50% (max Rs 50,000)	Rs 5 Cr	15 yrs	Up to 60% LTV
Canara	8.95% – 11%	0.50% (max Rs 25,000)	Rs 5 Cr	15 yrs	Up to 60% LTV
HDFC	9% – 11%	1.00% (max Rs 75,000)	Rs 10 Cr	20 yrs	Up to 70% LTV for residential
ICICI	9% – 11.5%	1.00% (max Rs 1,00,000)	Rs 8 Cr	18 yrs	Up to 65% LTV
LIC	9% – 11.25%	1.00% (max Rs 50,000)	Rs 5 Cr	15 yrs	Up to 60% LTV
Federal	9% – 11.5%	1.00% (max Rs 50,000)	Rs 5 Cr	15 yrs	Up to 65% LTV
Tata	9% – 11.75%	1.00% (max Rs 75,000)	Rs 7.5 Cr	18 yrs	Up to 65% LTV
Axis	9.25% – 11.75%	1.00% (max Rs 50,000)	Rs 5 Cr	20 yrs	Up to 60% LTV
Kotak	9.25% – 12%	1.00% (max Rs 50,000)	Rs 5 Cr	18 yrs	Up to 65% LTV
IDFC	9.25% – 12%	1.50% (max Rs 75,000)	Rs 5 Cr	18 yrs	Up to 65% LTV
Bandhan	9.5% – 12%	1.50% (max Rs 50,000)	Rs 3 Cr	15 yrs	Up to 60% LTV

As of April 2026, loan against property interest rates start from 8.75% per annum and go up to 12% per annum across 15 banks, with loans up to Rs 10 crore and tenure up to 20 years. Actual rate depends on applicant profile, loan amount, and property.

Loan Against Property Eligibility Criteria

Check if you qualify. These are general guidelines — actual eligibility may vary by bank.

Salaried Applicants

Age: 21 – 65 years
Min Income: Rs 25,000/month
Experience: 2 years
CIBIL Score: 700+

Self-Employed Applicants

Age: 21 – 70 years
Min Income: Rs 3 Lakhs/year ITR
Business Vintage: 3 years
CIBIL Score: 680+

How to Get the Best Loan Against Property — 5 Simple Steps

Money Matrix Hub handles everything from comparison to disbursal.

Share Your Requirements

Tell us your Loan Against Property needs — amount, tenure preference, and property details. Our advisor will evaluate your profile within 30 minutes.

Compare 40+ Bank Offers

We fetch live rates from all banks and present you a side-by-side comparison showing rate, EMI, processing fee, and total interest payable.

Choose Your Best Offer

Pick the bank that suits you best based on rate, tenure flexibility, and service quality. We explain every term in plain language.

Documentation & Filing

Our team helps you compile the complete document set, fills out the application form, and submits it to the bank — saving you hours of branch visits.

Sanction & Disbursal

We follow up with the bank for swift processing. Expect sanction within 48 hours and disbursal within 7-10 working days. We stay with you until the last rupee is credited.

Frequently Asked Questions — Loan Against Property

Answers to the most common questions from borrowers across India.

What is the maximum LTV (Loan-to-Value) for LAP?

Banks typically offer 50-70% of the property's market value as LAP. Residential properties get higher LTV (up to 70%) while commercial properties are capped at 55-60%. The valuation is done by the bank's empanelled valuer.

Can I take LAP on a property that already has a home loan?

Yes, this is called a top-up loan or second charge LAP. The combined exposure (existing loan + new LAP) should not exceed 70% of the property value. Some banks offer this as a balance transfer + top-up combination for better rates.

Which properties are eligible for LAP?

Residential flats, independent houses, commercial shops, office spaces, industrial buildings, and plots with clear title are eligible. The property should be free from litigation, have approved plans, and be in a city served by the lender.

Is LAP cheaper than a business loan?

Yes. LAP rates start at 8.75% p.a. compared to 10-16% for unsecured business loans. Since the property serves as collateral, lenders offer significantly lower rates, higher amounts, and longer tenures for LAP.

How long does LAP processing take?

LAP processing typically takes 10-15 working days including property valuation, legal verification, and technical inspection. With Money Matrix Hub's end-to-end support, we streamline the process and aim for sanction within 7-10 days.

Apply for Loan Against Property in Your City

We serve 50+ cities across India. Click your city for localized rates and branch-level support.

Want Jay to compare your rate across 40+ banks?

Jay or Rushik will reply on WhatsApp — usually within a few hours. Free, no obligation.

Compare rates with Jay