Loan Against Property
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Get Your Loan Against Property

Competitive interest rates starting from 9.5% p.a.

Calculate EMI

Apply for Loan Against Property

Unlock the value of your property with instant approval

Compare Loan Against Property from Top Banks

Find the best loan against property offers customized for your needs

Bank/NBFC Interest Rate (p.a.) Processing Fee Loan Amount Tenure Eligibility Action
HDFC Bank 8.75% - 10.25% Up to 1.00% or ₹4,500 (whichever is higher) ₹10,00,000 - ₹7,50,00,000 12 - 180 months Property Value: ₹20,00,000+
CIBIL: 680+ 		Apply
ICICI Bank 8.90% - 10.50% Up to 1.00% or ₹6,000 (whichever is higher) ₹10,00,000 - ₹5,00,00,000 12 - 180 months Property Value: ₹25,00,000+
CIBIL: 680+ 		Apply
SBI 9.00% - 10.75% Up to 0.75% or ₹12,000 (whichever is higher) ₹15,00,000 - ₹10,00,00,000 12 - 180 months Property Value: ₹30,00,000+
CIBIL: 750+ 		Apply
LIC Housing Finance 9.10% - 11.00% Up to 1.00% or ₹6,000 (whichever is higher) ₹10,00,000 - ₹5,00,00,000 12 - 180 months Property Value: ₹20,00,000+
CIBIL: 680+ 		Apply
Axis Bank 9.25% - 10.80% Up to 1.00% or ₹12,000 (whichever is higher) ₹10,00,000 - ₹5,00,00,000 12 - 180 months Property Value: ₹25,00,000+
CIBIL: 680+ 		Apply

Why Choose Loanfatafat for Loan Against Property?

Fast Approval

Get your loan against property approved in 5-10 days with quick fund disbursement

Attractive Interest Rates

Access loans against property with interest rates starting from 8.75% p.a. from top lenders

Minimal Documentation

Hassle-free process with simplified paperwork and digital verification for quick approval

High Loan Amounts

Avail loans against property from ₹10,00,000 up to ₹10,00,00,000 based on property value

Flexible Tenure Options

Repayment tenure from 1 to 15 years to align with your financial goals

Property Loan Eligibility Check

Free eligibility assessment to match you with the best loan against property offers

Loan Against Property Eligibility

Check if you're eligible for a loan against property through Loanfatafat.in

For Salaried Individuals

  • Age: 21-65 years
  • Minimum monthly income: ₹30,000
  • Employment status: Minimum 2 years
  • CIBIL score: 680 or above
  • Property: Residential or commercial, valued at ₹20,00,000+

For Self-Employed Individuals

  • Age: 21-70 years
  • Business vintage: Minimum 3 years
  • ITR for the last 3 financial years
  • CIBIL score: 680 or above
  • Property: Residential or commercial, valued at ₹20,00,000+

Calculate Your Personal Loan EMI

Monthly Loan EMI
₹ 14,347
Fourteen Thousand Three Hundred And Forty Seven
Loan Amount
₹
One Lakh
5 Lac 50 Cr
Loan Tenure
Years
5 20
Rate Of Interest
%
9 16
Payment Breakdown:
Principal Amount
₹10,00,000
Interest Payable
₹7,21,651
Total Amount Payable
₹17,21,651

EMI Payment Schedule

Year Principal paid yearly
(A)		 Interest paid yearly
(B)		 Total Payment
(A + B)		 Balance Loan Paid
To Date

Documents Required for Loan Against Property

Prepare these documents for faster loan against property approval

Identity & Address Proof

  • 1.
    Aadhaar Card

    Valid, linked to mobile number

  • 2.
    PAN Card

    Mandatory for all loan applications

  • 3.
    Voter ID / Passport / Driving License

    Any one additional ID proof

  • 4.
    Utility Bills

    Electricity/Water bill (not older than 3 months)

Income & Property Proof

For Salaried Individuals
  • 1.
    Latest 6 months' salary slips
  • 2.
    Last 1 year bank statements

    Showing salary credits

  • 3.
    Form 16 Part A and B or Form 26AS Part A and B

    For 2 financial years

For Self-Employed
  • 1.
    Last 3 years' ITR with computation of income
  • 2.
    Last 1 year bank statements
  • 3.
    Business Registration Proof / GST Certificate / MSME Certificate
  • 4.
    Last 1 Year GST Return.
Property Documents
  • 1.
    Title Deed / Sale Deed / Conveyance Deed

    All related deeds and ownership transfers from the last 13 years.

  • 2.
    Property Tax Receipt

    Latest receipt showing no dues

  • 3.
    Approved Building Plan

    From local authority ( no map required if the property is older than 13 years )

  • 4.
    Aggrement to Sale (ATS)

Uses of Loan Against Property

A loan against property can help you unlock funds for various financial needs

Business Expansion

Fund your business growth or new ventures with ease

Debt Consolidation

Consolidate high-interest debts into a single, affordable loan

Education Expenses

Finance higher education for yourself or your children

Medical Emergencies

Cover medical expenses for treatments or surgeries

Home Renovation

Renovate or upgrade your existing property

Travel and Leisure

Fund dream vacations or leisure activities

Personal Expenses

Meet personal financial needs like weddings or other events

Purchase Commercial Property

Finance shops or office spaces for business needs

Frequently Asked Questions

Get answers to common questions about loans against property

A loan against property (LAP) is a secured loan where you pledge your residential or commercial property as collateral to borrow funds from banks or NBFCs. The loan amount clue is typically 50-60% of the property’s market value. You repay the loan through fixed monthly installments (EMIs) over a tenure of 1-15 years. Interest rates, usually 8.75%-11.00% p.a., depend on your credit profile, income, and lender policies.

The general eligibility criteria include:
  • Age: 21-65 years for salaried and 21-70 years for self-employed
  • Income: Minimum monthly income of ₹30,000 for salaried individuals
  • Employment: Minimum 2 years with current employer for salaried; 5 years in business for self-employed
  • Credit Score: Generally 680+ (higher scores secure better rates)
  • Valid KYC documents: PAN card, Aadhaar card, and address proof
  • Property: Residential or commercial, valued at ₹20,00,000+, approved by the lender
Specific eligibility may vary based on the lending partner.

With Loanfatafat.in, in-principle approval for a loan against property can be obtained within 24-48 hours after submitting your application and required documents. Final approval and disbursal typically take 5-10 days, depending on property valuation, legal checks, and document verification, ensuring a streamlined process with our partner lenders in India.

The documents required for a loan against property application through Loanfatafat.in include:
  • Identity & Address Proof: Aadhaar Card, PAN Card, Voter ID/Passport/Driving License (any one), and utility bills (not older than 3 months).
  • For Salaried Individuals: Latest 6 months' salary slips, last 1 year bank statements showing salary credits, and Form 16 or ITR for the last 2 financial years.
  • For Self-Employed Individuals: Last 3 years' ITR with computation of income, last 1 year bank statements, and business registration proof or GST registration.
  • Property Documents: Title Deed/Sale Agreement, latest Property Tax Receipt, Property Valuation Report from a lender-approved valuer, and Encumbrance Certificate confirming the property is free from legal dues.
Documents are processed through a digital verification system for faster approval.

Yes, most lenders allow prepayment or foreclosure of loans against property after a minimum period (typically 6-12 months). For floating-rate loans, RBI regulations prohibit prepayment penalties for individual borrowers. Fixed-rate loans may incur a penalty (1-2% of the outstanding amount). Always check the specific terms with the lender before applying.

Your CIBIL score reflects your creditworthiness. A score of 680+ enhances your chances of loan against property approval and secures lower interest rates. Scores below 680 may lead to higher rates or rejection. Loanfatafat.in offers a free eligibility assessment to help you explore loan options without impacting your credit score.

Loans against property may include charges like processing fees (0.5-1% of loan amount), legal and valuation fees, late payment penalties, and GST on fees. Loanfatafat.in ensures transparency by providing all fee details from partner lenders upfront. Review the loan agreement carefully for complete clarity on charges.
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