What a loan against property looks like
Loan to value
50–70% of the market value as assessed by the lender
Property types
Residential, commercial and in some cases industrial
End use
Any purpose — business, education, debt consolidation, medical
Processing time
3–4 weeks, due to legal and technical valuation
Eligibility
- Clear and marketable title in the applicant's name
- Income sufficient to service the EMI at a 50–60% FOIR
- Property free of disputes, with approved plans and up-to-date tax receipts
- Applicant aged 21–65 at loan maturity
Documents required
- KYC and income proof of all applicants
- Complete chain of property title documents
- Approved building plan and occupancy certificate
- Latest property tax receipts and encumbrance certificate
Frequently asked questions
Generally 50–70% of the market value assessed by the lender's valuer, subject to your income supporting the EMI. Commercial property usually attracts a lower ratio than residential.
Substantially. A LAP at 9–13% against an unsecured business loan at 15–20% can save several lakhs of interest, at the cost of a longer process and real risk to the property.
Loan Against Property calculators
Run the numbers before you speak to a lender — it is the difference between negotiating and accepting.
Know your number before you apply
Check eligibility and EMI here first. A formal application leaves a hard enquiry on your credit file — these calculators do not.