Loan Against Property (LAP) lets you unlock the equity in your residential or commercial property to fund business expansion, higher education, medical emergencies, or debt consolidation — at interest rates far lower than personal loans.
Key Features of LAP in 2026
- Loan amount: up to 60–70% of property market value
- Interest rate: 9–13% p.a. (much lower than 11–22% for personal loans)
- Tenure: up to 15 years
- Eligible property: residential, commercial, industrial
Eligibility
Salaried individuals aged 21–60, self-employed 25–65. Minimum income: ₹25,000/month for salaried, ₹3L/year profit for self-employed. CIBIL 650+.
Documents Required
- Property title deed + encumbrance certificate
- Latest property tax receipts
- Identity & address proof
- 3 years ITR / 6 months salary slips
- 6–12 months bank statements
Top Lenders
HDFC Bank (9.5%), LIC Housing Finance (9.6%), ICICI Bank (9.75%), Bajaj Finserv (9.75–12%). PNB Housing Finance also offers competitive rates for commercial properties.