Apply for Loan Against Property (LAP)
Last updated: August 2026
Apply for a Loan Against Property (LAP) online with Easiloan. Compare offers from 45+ partner banks and HFCs, unlock equity in residential or commercial property, and get in-principle support typically within 5–7 days for eligible profiles. Indicative rates start from about 9.00% p.a., subject to property valuation and repayment capacity.
Interest Rates From
9.00%
Fast Sanction
5–7 Days
Long Tenure
Max 15 Years
Why Choose Easiloan for Loan Against Property?
Compare LAP offers from multiple banks in one application
Funding based on property value and repayment capacity
Lower rates than most unsecured personal loans
Digital document upload and application tracking
How to apply for a Loan Against Property online
Start with an eligibility check, share property and income details, upload KYC and title documents, then compare LAP offers from partner lenders. Easiloan coordinates valuation and legal steps so you can move from application to in-principle sanction faster than a fully offline branch journey. Credit decisions always remain with the selected bank or HFC.
LAP eligibility: salaried vs self-employed
Salaried applicants typically need stable salary credits, acceptable FOIR, and clear property ownership (sole or co-owner). Self-employed applicants usually need 2–3 years of ITR/financials plus banking. Co-owners can often apply jointly when all owners consent to the mortgage. Minimum credit expectations commonly start around 700+, with sharper pricing for stronger scores.
Documents checklist for LAP
Expect KYC (PAN, Aadhaar), income proof (salary slips or ITR), 6–12 months bank statements, property documents (sale deed, chain of title, tax receipts, society NOC where applicable), and existing loan statements if the property is already mortgaged. Exact lists vary by lender and property type.
LTV, interest rates & fees
Most lenders fund about 50–70% of market value for residential property and often lower LTV for commercial assets or plots (product-dependent). Indicative LAP rates on Easiloan start near 9.00% p.a. Processing fees, valuation, and legal charges apply as disclosed on your offer. Use the EMI calculator to model repayment before you apply.
Is LAP the same as a mortgage?
In everyday Indian usage, Loan Against Property is a mortgage-backed loan where you pledge property you already own to raise funds for business, education, medical, or personal needs — without selling the asset. It differs from a purchase home loan used to buy a new property.
How to Apply for Loan Against Property
In 4 Digital Steps
Digital Eligibility Check
Check your loan eligibility across 20+ banks instantly using our AI-driven calculator.
Expert Offer Comparison
Compare customized interest rates and processing fees to find the perfect lender.
Digital Paperwork
Upload document scans via our secure portal for parallel processing with multiple banks.
Instant Sanction
Get your in-principle sanction letter faster through our prioritized bank partner channels.
Loan Against Property FAQs
How do I apply for a Loan Against Property online with Easiloan?
Check eligibility, submit property and income details, upload documents digitally, compare partner LAP offers, and proceed with the lender you prefer. Typical in-principle timelines for complete files are around 5–7 days, subject to valuation and legal clearance.
Is LAP the same as a mortgage loan?
LAP is a secured loan mortgaging your existing property. It is a type of mortgage product, but it is not the same as a home purchase loan used to buy a new house.
What is the maximum LTV for Loan Against Property?
Many banks and HFCs lend roughly 50–70% of residential property value. Commercial property and special cases may have lower LTV. Final LTV depends on lender policy and valuation.
What documents do self-employed applicants need for LAP?
Typically 2–3 years ITR, financials, business proof, bank statements, KYC, and property title documents. Some lenders ask for CA-certified statements on larger tickets.
Can co-owners apply for LAP?
Yes, co-owners can usually apply jointly when all owners complete KYC and consent to mortgaging the property. Income of co-applicants may improve eligibility.
What can I use a Loan Against Property for?
Common uses include business expansion, education, medical needs, debt consolidation, and personal liquidity — subject to lender end-use norms disclosed at sanction.
Comparison Matrix: Top Home Loans in India
| Lender | Interest Rate | Processing Fee | Max Tenure |
|---|---|---|---|
| SBI Home Loan | 7.25% onwards | ₹5,000 + GST | 30 Years |
| HDFC Home Loan | 7.75% onwards | ₹5,000 + GST | 30 Years |
| ICICI Home Loan | 7.50% onwards | ₹5,000 + GST | 30 Years |
| LIC Housing Finance | 7.60% onwards | ₹10,000 + GST (indicative; confirm on sanction) | 30 Years |
| IIFL Home Loan | 8.50% onwards | 0.25% + GST | 30 Years |
| Bajaj Finserv Home Loan | 8.60% onwards | Up to 0.50% + GST | 30 Years |
| PNB Housing Home Loan | 8.50% onwards | Up to 1.00% + GST | 30 Years |
| Central Bank Home Loan | 8.55% onwards | 0.50% + GST | 30 Years |
*Interest rates are subject to change based on borrower profile and bank policy. Last updated: August 2026.
Easiloan is a loan advisory platform, not a direct lender. Rates shown are indicative, sourced from partner banks, and subject to change based on your eligibility and the lender's final assessment.
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