Loan Against Property (LAP)

Loan Against Property (LAP): Unlock the Value of Your Assets

When you need substantial funds for business expansion, education, medical emergencies, or personal needs, a Loan Against Property (LAP) offers an efficient and cost-effective solution. It allows you to borrow money by pledging your residential, commercial, or industrial property as collateral — all while retaining ownership and usage.

What is Loan Against Property?

LAP is a secured loan provided by banks and NBFCs against your owned property. Since it's backed by tangible assets, the interest rates are comparatively lower than personal loans. You can use the loan amount for personal or business purposes without restrictions.

Key Features:

• High loan amounts up to 60-70% of the property's market value
• Lower interest rates than unsecured loans
• Flexible tenure usually between 5 to 15 years
• Use funds for any purpose business, education, weddings, medical bills, etc.
• Continue to use the property while it’s pledged

Types of Properties Accepted:

• Self-occupied or rented residential properties
• Commercial properties like offices or shops
• Industrial properties in some cases (subject to lender policies)