Need a large sum? Three major loan types compete for your attention: Loan Against Property, Personal Loan, and Home Loan. Each serves different needs and comes with different cost structures.
Side-by-Side Comparison
| Feature | LAP | Personal Loan | Home Loan |
|---|---|---|---|
| Rate | 9–13% | 11–22% | 8.5–9.8% |
| Amount | Up to ₹5 Cr | Up to ₹40L | As per property value |
| Tenure | Up to 15 yr | Up to 5 yr | Up to 30 yr |
| Security | Property | None | Property (new) |
| End Use | Any | Any | Home purchase only |
When to Choose LAP
Need ₹10L+ for business, education, or debt consolidation? Own property? LAP gives you more money at lower rates than a personal loan.
When Personal Loan Wins
Small amounts (under ₹5L), no property, urgent need with minimal documentation.