Loan Against Property Guidance
Unlock the value of your property for business or personal needs.
Overview
A loan against property (LAP) allows you to borrow against the value of a residential or commercial property you own. It typically offers higher amounts and longer tenures than unsecured loans.
Key considerations
- Ownership of property with clear title
- Sufficient income for repayment
- Acceptable credit profile
- Age typically 21–65 years
Typical eligibility
These are indicative criteria. Actual requirements vary by lender.
- Ownership of property with clear title
- Sufficient income for repayment
- Acceptable credit profile
- Age typically 21–65 years
Typical documents
Document requirements vary by lender and loan type.
- Property documents (title deed, sale agreement)
- Identity and address proof
- Income proof
- Bank statements
- Property tax receipts
Frequently asked questions
How much can I borrow?
The amount depends on the property's market value and the lender's loan-to-value ratio (typically 50–70%), subject to lender policy.
Can I use the property while the loan is active?
Yes, you can continue to use the property. The bank holds the title documents as security.
Your next step
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This assessment is indicative and educational. It does not constitute a sanction, approval, credit decision or guarantee. Final eligibility, interest rate, loan amount, documentation and disbursement are determined by the relevant lender according to its policies and applicable law.