Best Loan Against Property Interest Rates Available from India's Top Banks

Loan Against Property Banks	Interest Rate	Processing Fee	Rating	Loan Amount/Tenure
axis Bank LAP	9.9% - 10.35%	upto 3%	4.5★	₹5L - ₹5Cr Tenure(Up to 20 Years)
Kotak Bank LAP	9.15%	upto 1%	4.5★	₹10L Tenure(Up to 12 Years)
Idfc Bank LAP	8.25% - 20%	upto 3%	4.5★	₹10L - ₹7Cr Tenure(1 - 20 Years)
ICICI Bank LAP	8.35%	upto 1%	4.5★	₹10L - ₹5Cr Tenure(Up to 15 Years)
HDFC Bank LAP	9.5% - 10.5%	upto 1%	4.5★	₹49L - ₹5Cr Tenure(Up to 15 Years)
Yes Bank LAP	12% - 14%	2% - 3%	4.5★	₹3L - ₹5Cr Tenure(Up to 15 Years)
indiabulls LAP	10.45%	Up to 1%	4.5★	₹30L - ₹5Cr Tenure(Up to 15 Years)
Deutsche LAP	10.25%	2% - 4%	4.5★	₹10L - ₹1.5Cr Tenure(5 - 15 Years)
L & T LAP	9.6%	Up to 2%	4.5★	Up to ₹20Cr Tenure(Up to 20 Years)
TATA CAPITAL HOUSING FINANCE LAP	9.85%	Up to 2%	4.5★	₹10L - ₹3Cr Tenure(1 - 20 Years)
Bajaj Finserv LAP	9.85% - 18%	Up to 7%	4.5★	Up to ₹5Cr Tenure(1 - 20 Years)
Fullerton India LAP	24%	Up to 3%	4.5★	₹50K - ₹12Cr Tenure(1 - 15 Years)
TATA Capital India LAP	10.1%	1.25% - 2%	4.5★	₹10L - ₹3Cr Tenure(Up to 1 Years)
Emirates NBD LAP	Up to 17%	1% - 2%	4.5★	₹10L - ₹5Cr Tenure(2 - 15 Years)
Hero Housing Finance LAP	Up to 9.5%	Up to 2%	4.5★	₹1L - ₹50L Tenure(1 - 30 Years)
Home First Finance LAP	8% - 24%	Up to 1.5%	4.5★	₹1L - ₹25L Tenure(1 - 20 Years)
Housing Development Finance LAP	9.35% - 12.25%	1.5%	4.5★	₹8L - ₹1.5Cr Tenure(1 - 2 Years)
Incred Finance LAP	11% - 24%	2% - 5%	4.5★	₹75K - ₹15L Tenure(1 - 5 Years)
Clix Capital LAP	14.99% - 24.99%	Up to 10%	4.5★	Up to ₹2Cr Tenure(1 - 20 Years)
DCB Bank LAP	8.5% - 20.6%	1%	4.5★	₹2L - ₹10Cr Tenure(1 - 10 Years)
IIFL Finanace LAP	10.75%	Up to 2%	4.5★	₹1L - ₹2Cr Tenure(3 - 15 Years)
Godrej Housing Finanace LAP	9.75%	Up to 3%	4.5★	₹5L - ₹2Cr Tenure(1 - 30 Years)
PNB Bank LAP	8.99% - 13%	Up to 1%	4.5★	₹2L - ₹5Cr Tenure(1 - 20 Years)
RBL Bank LAP	10.65% - 16.25%	1% - 1.5%	4.5★	₹3L - ₹10Cr Tenure(1 - 15 Years)
Reliance Capital LAP	Up to 18.25%	0.5% - 2%	4.5★	₹3L - ₹25L Tenure(5 - 15 Years)
Piramal Housing Finance LAP	11.5%	0.5%	4.5★	Up to ₹5Cr Tenure(1 - 30 Years)
Shriram Urban Co Operative Bank Limited LAP	Up to 11%	1.25%	4.5★	₹1L - ₹10Cr Tenure(1 - 25 Years)
Capri Global LAP	7.99% - 16%	Up to 2%	4.5★	₹10L - ₹50L Tenure(1 - 20 Years)
Edelweiss Financial Services LAP	9.98% - 18.2%	Up to 2%	4.5★	₹1L - ₹2Cr Tenure(1 - 15 Years)
Ujjivan Small Finance Bank LAP	13.75% - 15.75%	1.2% - 2%	4.5★	₹3L - ₹10L Tenure(1 - 20 Years)
Vastu Housing Finance LAP	17.5% - 21.5%	Up to 2%	4.5★	Up to ₹50L Tenure(1 - 20 Years)
Capital First Ltd. LAP	8.75% - 20%	Up to 1%	4.5★	₹15L - ₹1Cr Tenure(Up to 15 Years)
Aditya Birla Finance Limited LAP	10% - 16.5%	1.25% - 2%	4.5★	Up to ₹75Cr Tenure(Up to 15 Years)
BOB LAP	10.55% - 16.2%	0.35% - 1%	4.5★	₹2L - ₹2Cr Tenure(1 - 15 Years)
CITI Bank LAP	8.65%	Up to 0.75%	4.5★	₹5L - ₹5Cr Tenure(1 - 15 Years)
Muthoot Finance Ltd LAP	18% - 19%	1% - 2%	4.5★	₹2L - ₹35L Tenure(0 - 3 Years)
Poonawalla Fincorp Limited LAP	9%	1% - 2%	4.5★	₹2L - ₹5Cr Tenure(1 - 15 Years)
Federal Bank LAP	12.5%	Up to 1%	4.5★	₹50L - ₹3Cr Tenure(1 - 10 Years)
Canara Bank LAP	9.15% - 12.7%	Up to 0.5%	4.5★	- Tenure(1 - 10 Years)
DHFL LAP	11.5%	1% - 2%	4.5★	Up to ₹10Cr Tenure(Up to 15 Years)
Hero FinCorp LAP	8% - 18%	0 Processing Fee	4.5★	₹10L Tenure(1 - 15 Years)
HDFC Sales LAP	8.25% - 11.2%	Up to 1.5%	4.5★	- Tenure(1 - 15 Years)
Aadhar housing Finance LAP	15% - 17%	2%	4.5★	₹25L - ₹1Cr Tenure(1 - 70 Years)
IndusInd Bank LAP	7.5% - 15%	Up to 3%	4.5★	₹30K - ₹25L
Union Bank of India LAP	10.5% - 13.15%	Up to 0.5%	4.5★	₹25L - ₹75L Tenure(1 - 12 Years)
Digikredit-SME Corner LAP	9.7%	Up to 1.3%	4.5★	₹10L - ₹10Cr Tenure(1 - 10 Years)
State Bank of India LAP	10.9% - 12.4%	Up to 1.5%	4.5★	Up to ₹20L Tenure(1 - 6 Years)
IDBI Bank LAP	10.2% - 11.45%	Up to 1%	4.5★	Up to ₹10Cr
Punjab National Bank LAP	8.99% - 11.15%	0 Processing Fee	4.5★	₹2L - ₹5Cr Tenure(Up to 10 Years)
Cholamandalam Finance LAP	9.5% - 22%	1%	4.5★	₹10L - ₹5Cr Tenure(Up to 15 Years)
HSBC LAP	9.65%	upto 2%	4.5★	₹3L - ₹30Cr Tenure(Up to 15 Years)

Compare Loan Against Property

At Money xpress, we understand your urgent need for finances. Tailoring the best loan against property options from premium banking and non-banking institutions, we ensure fast LAP approval with minimal documentation. Offering a robust response to your immediate needs of consolidating debts or paying extensive medical bills, we even help you avail a loan against property without income proof and ensure competitive LAP interest rates between 8%-25% p.a. Guiding you to the right financial path, we at Money xpress furnish flexible repayment options via a comprehensive and comparative EMI analysis.

Loan Against Property: Features and Benefits

Following are the key features and benefits of a loan against property:

A loan of up to 70% of the property's market value is offered.
Flexible repayment terms make the loan against property rates competitive.
Facilitates easy repayments through small monthly instalments..
Quick processing, usually 3 to 4 days with minimal documentation.
The applicant's age must be between 21 years to 65 years old.
Flexible repayment tenure up to 20 years.
Is available on plots, residential property and commercial property..
Lower interest rates, starting from 11 percent.
A loan amount of INR 5 lacs to INR 7.5 crores can be offered based on the property's market value.

Loan Against Property Overview

A Loan Against Property (LAP) empowers you to use the funds tied with the property to satisfy any expenses you may have. While the LAP amount offered on the property is determined by its valuation, you have complete discretion over how you spend the funds. Your property serves as collateral for the loan, but you can use it as usual.

In short, LAP is a secured loan provided by banks and financial institutions in exchange for a property pledged as security. The pledged asset can be the applicant's land, house or commercial property. The property stays as collateral with the credit provider unless the borrower repays the debt amount.

However, the sanctioned funds are relatively higher, as the borrower can acquire a loan against property for up to 70 percent of the property costs. The loan against property interest rates are also lower than other loans, and its repayment terms are flexible

Age Limit of the Applicant	21 to 65 years
Employment Status	Salaried Professional, Self-employed Individual
Annual Income	At least INR 3 lakh per annum
Work Experience	1 year to 5 years
LAP Interest Rate	9.8 percent to 16.50 percent per annum
Credit Score	750 or more
Work Experience	1 to 3 years and above

Factors Affecting Loan Against Property Eligibility Criteria

Below are depicted the factors that affect the loan against property eligibility:

Credit History Credit history is one of the most vital factors to evaluate a Loan Against Property application. The credit score of the borrower represents the repayment capabilities and credibility. A credit score reflects whether or not a borrower will be able to repay their loan on time. As a result, maintaining a strong credit history is essential.

Documents Required for Loan Against Property

Bank account statement (last three months) PAN card and Aadhaar card Residence and identity proof Salary Proof (for salaried applicants) Scanned copy of property documents Income tax returns (last two years) Form 16