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Raise funds against your property at secured-loan rates

Use your house, shop, office or factory to raise funds for business, working capital, education or medical needs. Rates are far lower than unsecured loans and tenure goes up to 15–20 years.

Compare 8 offers Get a free callback
Rates from
8.20% p.a.
Funding
Up to 60–80% of property value
Tenure
Up to 15–20 years
Lenders compared
8

Compare loan against property offers

Indicative rates and charges. Tap Get this offer and an advisor will check your eligibility with that lender.

  1. HDFC Bank

    Private Bank
    Interest rate 8.20% – 13.00%
    Processing fee
    0.50% – 1.00% of loan amount
    Loan amount
    As per eligibility and property value
    Tenure
    Up to 15 Years

  2. IDFC First Bank

    Private Bank
    Interest rate 8.85% – 12.00%
    Processing fee
    Up to 3% of loan amount
    Loan amount
    As per eligibility and property value
    Tenure
    Up to 15 Years

  3. Bajaj Housing Finance

    NBFC
    Interest rate 8.99% – 12.00%
    Processing fee
    Up to 4% of loan amount
    Loan amount
    As per eligibility and property value
    Tenure
    Up to 18 Years

  4. PNB Housing Finance

    Housing Finance Company
    Interest rate 9.00% – 10.75%
    Processing fee
    Up to 1% of loan amount
    Loan amount
    As per eligibility and property value
    Tenure
    Up to 15 Years

  5. Tata Capital

    NBFC
    Interest rate 9.00% – 17.00%
    Processing fee
    Up to 0.5% of loan amount
    Loan amount
    As per eligibility and property value
    Tenure
    Up to 15 Years

  6. ICICI Bank

    Private Bank
    Interest rate 9.05% – 13.00%
    Processing fee
    ₹5900 – ₹11800
    Loan amount
    As per eligibility and property value
    Tenure
    Up to 15 Years

  7. Axis Bank

    Private Bank
    Interest rate 9.25% – 10.00%
    Processing fee
    ₹5900 – ₹11800
    Loan amount
    As per eligibility and property value
    Tenure
    Up to 20 Years

  8. Kotak Mahindra Bank

    Private Bank
    Interest rate 9.50% – 12.50%
    Processing fee
    ₹5000 – ₹11800
    Loan amount
    As per eligibility and property value
    Tenure
    Up to 15 Years

Rates are per annum and indicative, taken from lender information and updated periodically. The final rate, amount and charges are decided by the lender based on your profile.

What you get with a loan against property through MyFinanceCare

Lower rate than unsecured loans

Because the loan is backed by property, rates are far below personal or business loans.

Large loan amounts

Funding is based on market value, usually 60–80% depending on property type and income.

Long repayment

Tenure of up to 15–20 years keeps the EMI manageable.

Many property types

Self-occupied or rented homes, shops, offices, industrial units and commercial buildings.

For business owners

Flexible income assessment for traders, manufacturers and professionals based on ITR and banking.

Overdraft options

Some lenders offer LAP as an overdraft, so you pay interest only on what you use.

Commonly used for
  • Business expansion
  • Working capital
  • Debt consolidation
  • Education
  • Medical needs
  • Wedding

Eligibility

  • Salaried or self-employed, aged 25–70 at maturity
  • Property in your name (or a co-applicant's) with clear title
  • Approved map and complete chain of property documents
  • Steady income to support the EMI
  • CIBIL score of 700+ preferred

Documents you'll need

  • KYC of all applicants and property owners
  • Salaried: salary slips and Form 16; self-employed: 3 years ITR, GST
  • 12 months bank statement
  • Property registry, chain documents, approved map, latest tax / electricity bill

Exact documents vary by lender and profile. Your advisor will share the final list.

Questions people ask

What is a loan against property?

A secured loan where you mortgage your residential, commercial or industrial property to raise funds for business, personal, education, medical or other needs.

What is the interest rate for LAP?

Rates currently start at around 8.20–9.00% per annum depending on the lender, property type, your profile and CIBIL score.

How much can I get?

Usually 60–80% of the property's market value, limited by your income and repayment capacity.

Which properties are accepted?

Residential, commercial, rented and self-occupied properties, shops, offices and industrial units, subject to legal and technical approval.

What is the maximum tenure?

Up to 15 or 20 years depending on the lender, your age and the property type.

Can business owners apply?

Yes. Traders, manufacturers, shop owners and professionals can apply based on ITR, banking, property value and repayment capacity.

Get help with your loan against property

Share a few details and an advisor will call you back.

Your details are only used to help with your loan and are never sold.

Not sure which loan or lender is right for you?

Call or WhatsApp an advisor. It takes five minutes and there is no obligation.

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