Loan Against Property (LAP) Rates 2026 | Compare Banks
Reviewed by Rushik Patel· Last reviewed: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. Available lender information may include indicative options up to 70% LTV and rates starting at 8.75% p.a.; confirm current lender documents and lender-controlled terms.
Loan Against Property Interest Rates — Listed Lenders (April 2026)
Compare loan against property rate ranges from 15 listed banks and NBFCs in this dated snapshot. Confirm current terms with each lender.
| Bank | Rate (p.a.) | Highlights |
|---|---|---|
| SBI | 8.75% – 10.5%Lowest listed in snapshot | Up to 65% LTV |
| Bajaj | 8.75% – 11%Lowest listed in snapshot | Up to 70% LTV |
| BoB | 8.85% – 10.75% | Up to 65% LTV |
| PNB | 8.9% – 10.9% | Up to 60% LTV |
| Union | 8.9% – 11% | Up to 60% LTV |
| Canara | 8.95% – 11% | Up to 60% LTV |
| HDFC | 9% – 11% | Up to 70% LTV for residential |
| ICICI | 9% – 11.5% | Up to 65% LTV |
| LIC | 9% – 11.25% | Up to 60% LTV |
| Federal | 9% – 11.5% | Up to 65% LTV |
| Tata | 9% – 11.75% | Up to 65% LTV |
| Axis | 9.25% – 11.75% | Up to 60% LTV |
| Kotak | 9.25% – 12% | Up to 65% LTV |
| IDFC | 9.25% – 12% | Up to 65% LTV |
| Bandhan | 9.5% – 12% | 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 Compare Loan Against Property — 5 Simple Steps
Use the comparison as a starting point; the lender handles assessment, approval, and disbursal.
Share Your Requirements
Share your Loan Against Property needs — amount, tenure preference, and property details. An advisor can review the information provided, while lender assessment timing and decisions vary.
Compare Available Lender Information
Review available lender information in a side-by-side comparison of indicative rate, EMI, processing fee, and total interest. Confirm current lender documents before applying.
Compare Lender Terms
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Documentation & Filing
Use the lender's current checklist to compile documents. Submit the application through the channel the lender confirms and retain copies of everything provided.
Lender Sanction & Disbursal
Sanction and disbursal timing are controlled by the lender and may vary with underwriting, property checks, and documentation. Confirm current lender timelines and disbursal conditions.
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?
Can I take LAP on a property that already has a home loan?
Which properties are eligible for LAP?
Is LAP cheaper than a business loan?
How long does LAP processing take?
Apply for Loan Against Property in Your City
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