Loan Against Property (LAP)
Unlock the Value of Your Property
Get High-Value Funds at Lower Interest Rates
Own a property? You already have access to powerful financing. With a Loan Against Property (LAP) from MyFinanceBazaar, you can unlock the value of your residential or commercial property and get large funds at competitive interest rates.
Compare offers from 50+ banks and NBFCs, reduce your borrowing cost, and access funds for both personal and business needs. Use what you own to build what you want with ease and transparency.
What is a Loan Against Property?
A Loan Against Property is a secured loan where you pledge your property as collateral to avail funds.
The best part is that you continue to own and use your property while repaying the loan.
You can use the loan for:
- • Business expansion or working capital
- • Education expenses
- • Medical emergencies
- • Debt consolidation
- • Personal financial needs
Why Choose MyFinanceBazaar for LAP?
Compare 50+ Lenders
Compare offers across leading banks & NBFCs in one place for smarter borrowing decisions.
Competitive Interest Rates
Benefit from lower interest rates compared to unsecured loans with flexible repayment options.
Higher Loan Eligibility
Secure higher loan amounts based on your property value and repayment profile.
Customized Loan Structuring
Loan solutions tailored to your income, business needs, and financial goals.
Fast & Transparent Processing
Enjoy quick approvals, seamless documentation, and complete transparency at every stage.
Dedicated Relationship Support
Dedicated advisors guide you from application to disbursal with end-to-end assistance.
We help you get the maximum value from your property with minimum hassle.
Key Benefits of Loan Against Property
High Loan Amount
Get funding up to 60–75% of your property value (as per lender norms).
Lower Interest Rates
More affordable than personal loans due to secured nature.
Flexible End Use
Use funds for business or personal purposes without restrictions.
Longer Tenure
Repayment tenure can go up to 15–20 years, reducing EMI burden.
Continued Property Ownership
You retain ownership and usage rights of your property.
Properties Accepted
Self-occupied Residential
Owner-occupied flats, apartments, and residential houses.
Rented Residential
Residential properties generating stable rental income.
Commercial Property
Shops, office spaces, and commercial establishments.
Industrial Property
Factories, warehouses, and industrial-use properties.
Who Can Apply?
Salaried Individuals
Professionals with stable monthly income and employment continuity.
Self-employed Professionals
Consultants, freelancers, doctors, and working professionals.
Business Owners
Proprietors and business owners with regular banking activity.
Entrepreneurs
Growing businesses looking for secured funding solutions.
Eligibility Criteria
Age Criteria
Applicants between 21–65 years are generally eligible.
Income
Verifiable stable salary or consistent business net profit.
Credit Profile
Good repayment history and healthy credit score preferred.
Property
Clean, litigation-free title deed required.
Documents Needed
KYC Documents
PAN Card, Aadhaar Card, and valid address proof.
Income Proof
Salary slips, ITR, and bank statements for verification.
Property Papers
Ownership papers and property-related legal documents.
Existing Loan Details
Current loan statements and repayment track records.
How it Works?
We have simplified the process into 5 simple steps for your convenience.
Share Your Requirement
Tell us your funding needs and property details to get started.
Property Evaluation
Lenders assess your property value and check your basic eligibility.
Compare Offers
We present the best loan options from multiple lenders for you to choose.
Documentation & Approval
Our experts manage the entire documentation process end-to-end.
Loan Disbursal
Get the funds credited to your account quickly and start your journey.
Frequently Asked
Questions
Frequently Asked Questions About Loan Against Property.
1. How much loan can I get against my property? ▼
2. Can I continue using my property? ▼
3. Is LAP cheaper than a personal loan? ▼
4. Can I prepay the loan? ▼
5. How long does the process take? ▼
Unlock Funds Without Selling Your Property
Your property can do more than just sit idle.
- 👉 Check Your Loan Against Property Eligibility Now
- 👉 Compare Offers from 50+ Banks & NBFCs
- 👉 Get High-Value Funds at Lower Rates
Quick & Secure Process